Bulletin No. 1996–52 December 23, 1996

of estate taxes imposed under section 2056A of the Code with respect to taxable events involving qualified domestic trusts (QDOTs).

EXCISE TAX

Announcement 96–130, page 32. Effective after December 31, 1996, the tax rates for aviation gasoline and aviation fuel taxes have changed. The rate and base amount imposed on luxury passenger vehicles have also changed. Ozone-depleting chemical rates for 1997 are included in this announcement. Also, excise taxes on transportation expire December 31, 1996.

ADMINISTRATIVE

Notice 96–65, page 28. This notice provides guidance for certain provisions of the Small Business Job Protection Act of 1996 (the “Act”) dealing with the status of a trust as domestic or foreign under sections 7701(a)(30) and 7701(a)(31) of the Code. This notice grants taxpayers additional time to comply with the new domestic trust criteria contained in the Act and announces the time and manner for making an election to apply the new trust criteria retroactively. Also, guidance regarding the application of sections 1491 through 1494 of the Code is provided if the status of a trust changes from domestic to foreign.

Announcement 96–132, page 33. Orthopaedic Development Foundation, Hilton Head, SC, no longer qualifies as an organization to which contributions are deductible under section 170 of the Code.