INCOME TAX — Internal Revenue Bulletin 2000-16

Rev. Rul. 2000–21, page 881. LIFO; price indexes; department stores. The February 2000 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, February 29, 2000.

Rev. Rul. 2000–22, page 880. Low-income housing credit; satisfactory bond; “bond factor” amounts for the period January through March 2000. 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 2000.

REG–100291–00, page 917. Proposed regulations under section 170 of the Code relate to the definitions of a guaranteed annuity interest and a unitrust interest for purposes of the income, gift, and estate tax charitable deductions. A public hearing is scheduled for June 29, 2000.

Finding Lists begin on page ii.

Department of the Treasury Internal Revenue Service