INCOME TAX

Rev. Rul. 2000–48, page 349. Low-income housing credit; satisfactory bond; “bond factor” amounts for the period July through September 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 July through September 2000.

T.D. 8903, page 352. Final regulations under section 1397E of the Code provide guidance to state and local governments that issue qualified zone academy bonds and to banks, insurance companies, and other taxpayers that hold those bonds.

T.D. 8904, page 350. Final regulations under sections 351, 354, 355, 356, and 1036 of the Code relate to the effective date of the definition of nonqualified preferred stock and the treatment of nonqualified preferred stock and similar preferred stock received by shareholders in certain reorganizations and distributions.

REG–103805–99, page 376. Proposed regulations under section 1502 of the Code relate to the common parent of a consolidated group as agent for the members of the group. A public hearing is scheduled for January 22, 2001.

Announcement 2000–82, page 385. The IRS released new Form 8870, Information Return for Transfers Associated With Certain Personal Benefit Contracts. For taxable years beginning prior to January 1,

Finding Lists begin on page ii.

Department of the Treasury Internal Revenue Service