ADMINISTRATIVE

Notice 2002–30, page 797 . Credit for sales of fuel produced from a nonconventional source, inflation adjustment factor, and reference price . This notice publishes the nonconventional source fuel credit, inflation adjustment factor, and reference price under section 29 of the Code for calendar year 2001. This data is used to determine the credit allowable on sales of fuel produced from a nonconventional source.

Rev. Proc. 2002–24, page 798 . Qualified mortgage bonds; mortgage credit certificates; national median gross income. Guidance is provided concerning the use of the national and area median gross income figures by issuers of qualified mortgage bonds and mortgage credit certificates in determining the housing cost/income ratio described in section 143(f) of the Code. Rev. Proc. 2001–35 obsoleted, except as provided in section 5.02 of this procedure.

Rev. Proc. 2002–25, page 800. This procedure sets forth the maximum face amount of qualified zone academy bonds that may be issued by each state, the District of Columbia, and the possessions of the United States during 2002.

Rev. Proc. 2002–27, page 802. Depreciation of tires. This document provides a safe harbor method of accounting (the original tire capitalization method) for the cost of original and replacement tires for certain vehicles owned by taxpayers, procedures for a qualifying taxpayer to obtain automatic consent from the Commissioner to change to the original tire capitalization method, and an optional procedure for certain qualifying taxpayers to settle open taxable years using the original tire capitalization method. Rev. Proc. 2002–9 modified and amplified.

April 29, 2002 2002–17 I.R.B.