Bulletin No. 1996–31 July 29, 1996
Internal Revenue Bulletin 1996-31 · 2026-10-03 edition · updated 2026-10-04 · United States
issued by state and local governments. A public hearing will be held on October 24, 1996.
FI–48–95, page 36. Proposed regulations under section 171 of the Code relate to the federal tax treatment of bond premium and bond issuance premium. A public hearing will be held on October 23, 1996.
EMPLOYEE PLANS
Notice 96–38, page 29. Guidelines are set forth for determining for July 1996 the weighted average interest rate and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code as amended by the Omnibus Budget Reconciliation Act of 1987 and by the Uruguay Round Agreements Act (GATT).
EXEMPT ORGANIZATIONS
Announcement 96–68, page 45. A list is given of organizations now classified as private foundations.
ADMINISTRATIVE
Notice 96–37, page 29. This notice explains the procedure for claiming a refund based on United States v. IBM, 64 U.S.L.W. 4419 (1996).
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