Bulletin No. 1997–28 July 14, 1997
Internal Revenue Bulletin 1997-28 · 2026-10-03 edition · updated 2026-10-04 · United States
Announcement 97–69, page 13. A list is provided of organizations that no longer qualify as organizations to which contributions are deductible under section 170 of the Code.
EMPLOYMENT TAX
Page 5. Railroad retirement; rate determination; quarterly. The Railroad Retirement Board has determined that the rate of tax imposed by Code section 3221 shall be 35 cents for the quarter beginning July 1, 1997.
EXCISE TAX
Notice 97–41, page 6. T.D. 8716, 1997–19 I.R.B. 5, relating to group health plan portability, access, and renewability requirements added to section 9801 of the Code by the Health Insurance Portability and Accountability Act of 1996, is corrected.
ADMINISTRATIVE
Notice 97–40, page 6. This notice announces that for periods on or after July 1, 1997, when China resumes the exercise of sovereignty over Hong Kong, the Service will continue to treat Hong Kong and China as two separate countries for purposes of certain bilateral agreements, the Internal Revenue Code (including subpart F), and the Income Tax Regulations.
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