INCOME TAX

Rev. Rul. 99–37, page 336. 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 September 1999.

Rev. Rul. 99–38, page 335. Low-income housing credit; satisfactory bond; “bond factor” amounts for the period July through Septem- ber 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 July through September 1999.

T.D. 8833, page 338. Final regulations under section 1502 of the Code relate to the treatment of overall foreign losses and separate limitation losses in the computation of the foreign tax credit limitation.

REG–116733–98, page 392. Proposed regulations under section 355(e) of the Code relate to recognition of gain on certain distributions of stock or securities of a controlled corporation in connection with an acquisition. A public hearing is scheduled for January 26, 2000.

Notice 99–43, page 344. This notice announces a modification of the current rules under section 897 of the Code regarding transfers, exchanges, and other dispositions of U.S. real property interests in nonrecognition transactions under section 368(a)(1)(E) or 368(a)(1)(F) of the Code occurring after June 18, 1980.