SECTION 6. EFFECT ON OTHER

DOCUMENTS

.01 Rev. Proc. 95–53. Rev. Proc. 95– 53, 1995–2 C.B. 445, is amplified and modified as follows:

(1) Kiddie Tax. For tax years beginning in 1996, the amount in effect under § 1(g)(4)(A)(ii)(I) for purposes of the election to report on a parent’s return is the same as that provided in section 3.02(b) of this revenue procedure for tax years beginning in 1997.

(2) Alternative Minimum Tax Ex- emption for ‘‘Kiddie Tax’’ Reported on Parent’s Return. For tax years beginning in 1996, the amount in effect under § 63(c)(5)(A) is the same as that provided in section 3.04 of this revenue procedure for tax years beginning in 1997. (3) Income from United States Sav- ings Bonds for Taxpayers Who Pay Qualified Higher Education Expenses. For tax years beginning in 1996, the amounts of modified adjusted gross income above which the § 135 exclusion begins to phase out and the amounts at which the phaseout is complete, are as follows:

an agricultural or horticultural organization described in § 501(c)(5) is treated as derived from an unrelated trade or business by reason of any benefits or privileges to which members are entitled if the amount of required annual dues from each member does not exceed $103.

.02 Rev. Proc. 94–72. Rev. Proc. 94– 72, 1994–2 C.B. 811, is modified as follows: For tax years beginning in 1995, the amounts of modified adjusted gross income above which the § 135 exclusion begins to phase out and the amounts at which the phaseout is complete, are as follows:

Completed

Amount

Filing Status

Threshold

Phaseout

Amount

Phaseout

Code § 1(a) $72,150 $102,150 Others $48,100 $ 63,100

.03 Rev. Proc. 93–49. Rev. Proc. 93– 49, 1993–2 C.B. 581, is modified as follows: For tax years beginning in 1994, the amounts of modified adjusted gross income above which the § 135 exclusion begins to phase out and the amounts at which the phaseout is complete, are as follows:

Completed

Amount

Filing Status

Threshold

Phaseout

Amount

Phaseout

Code § 1(a) $70,350 $100,350 Others $46,900 $ 61,900

.04 Rev. Proc. 92–102. Rev. Proc. 92–102, 1992–2 C.B. 579, is modified as follows: For tax years beginning in 1993, the amounts of modified adjusted gross income above which the § 135 exclusion begins to phase out and the amounts at which the phaseout is complete, are as follows:

Completed

Amount

Filing Status

Threshold

Phaseout

Amount

Phaseout

on luxury automobiles), and section 3.16 (the hourly limit on attorney fee awards).