INCOME TAX

Rev. Rul. 2003–16, page 401. Federal rates; adjusted federal rates; adjusted federal long- term rate and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for January 2003.

Rev. Rul. 2003–17, page 400. Foreign life insurance companies. This ruling discusses whether a foreign life insurance company carrying on an insurance business in the United States determines the amount of income effectively connected with its U.S. business under section 842(a) of the Code based exclusively on the amount of income reported by the business on its NAIC statement.

Finding Lists begin on page ii.