Bulletin No. 1997–4 — Internal Revenue Bulletin 1997-4

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

Rev. Proc. 97–12, page 7. Unrelated business taxable income. This procedure provides guidance to tax-exempt organizations regarding when associate member dues payments will be treated as gross income of an unrelated trade or business under section 512 of the Code. Rev. Proc. 95–21 modified and amplified.

ADMINISTRATIVE

Announcement 97–6, page 11. A list is given of organizations now classified as private foundations.

Announcement 97–7, page 12. A list is provided of organizations that no longer qualify as organizations to which contributions are deductible under section 170 of the Code.

Announcement 97–8, page 12. T.D. 8687, 1996–52, I.R.B. 4, relating to the source of income from sales of natural resources or other inventory produced in one jurisdiction and sold in another jurisdiction, is corrected.