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HIGHLIGHTS OF THIS ISSUE—Continued

Internal Revenue Bulletin 1997-11 · 2026-10-03 edition · updated 2026-10-04 · United States

ADMINISTRATIVE—Continued

allowable value of employer-provided automobiles first made available to employees for personal use in calendar year 1997 for which the vehicle cents-per-mile valuation rule provided under section 1.61–21(e) of the Income Tax Regulations may be applicable.

Notice 97–21, page 9. Self-amortizing investments in conduit financing enti- ties. The Service and Treasury expect to issue regulations under section 7701(l) of the Code in order to

prevent tax avoidance. In cases where certain conduit financing entities issue ‘‘equity’’ interests that are economically self-amortizing, it is expected that the regulations will treat the owners of the conduits as having invested directly in the conduit’s incomeproducing assets.

Announcement 97–21, page 23. A list is provided of organizations that no longer qualify as organizations to which contributions are deductible under section 170 of the Code.

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▸Contents — Internal Revenue Bulletin 1997-11
Internal Revenue Bulletin 1997-11

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