Bulletin No. 2000–2 January 10, 2000

regulations define what constitutes a CIAC and provides rules for adjusting the basis of water or sewerage disposal facilities acquired as, or acquired or constructed with any money received as, a CIAC. The regulations also provide the time and manner for taxpayers to notify the Secretary of amounts treated as a contribution to capital under this provision. A public hearing is scheduled for April 27, 2000.

Rev. Proc. 2000–10, page 287. Qualified Zone Academy Bond limitations for 2000. This procedure sets forth the maximum face amount of Qualified Zone Academy Bonds that may be issued for each state in 2000. For this purpose, “state” includes the District of Columbia and U.S. possessions.

Notice 2000–1, page 288. Effective date of proposed regulations under section 1.368–2(d)(4). Proposed regulations relating to the solely for voting stock requirement in reorganizations under section 368(a)(1)(C) of the Code, when finalized, will be modified to generally apply to transactions occurring after December 31, 1999. But in certain cases, taxpayers will be able to request a private letter ruling permitting them to apply the proposed regulations to transactions occuring before the proposed effective date.