INCOME TAX

Rev. Rul. 97–33, page 4. Fringe benefits aircraft valuation formula. For purposes of section 1.61–21(g) of the regulations, relating to the rule for valuing non-commercial flights on employer-provided aircraft, the Standard Industry Fare Level, cents-permile rates and terminal charges in effect for the second half of 1997 are set forth.

Rev. Rul. 97–34, page 4. Low-income housing credit; satisfactory bond; “bond factor” amounts for the period July through Septem- ber 1997. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period July through September 1997.