INCOME TAX

Rev. Rul. 99–17, page 4. Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for April 1999.

Rev. Rul. 99–18, page 3. Low-income housing credits; satisfactory bond; “bond factor” amounts for the period January through March 1999. 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 January through March 1999.

Notice 99–17, page 6. This notice modifies Notice 98–20, 1998–13 I.R.B. 25, to reflect changes made to section 1(h) of the Internal Revenue Code by sections 4002(i)(3) and 4003(b) of the Tax and Trade Relief Extension Act of 1998. The changes affect the treatment of post-1997 distributions of capital gains from a charitable remainder trust.

Rev. Proc. 99–20, page 7. Section 911(d)(4) waiver. Guidance is provided to individuals who fail to meet the eligibility requirements of section 911(d)(1) of the Internal Revenue Code because adverse conditions in a foreign country preclude the individual from meeting those requirements. A current list of countries and the dates those countries are subject to the section 911(d)(4) waiver is provided.