Bulletin No. 2003–17 April 28, 2003

Rev. Proc. 2003–30, page 822. Specifications are set forth for the private printing of paper and laser-printed substitutes for tax year 2003 Form W–2, Wage and Tax Statement, and Form W–3, Transmittal of Wage and Tax Statements. Rev. Proc. 2002–53 superseded.

Rev. Proc. 2003–31, page 838. Specifications are set forth for the private printing of paper substitutes for the December 2002 revisions of Form W–2c, Cor- rected Wage and Tax Statement, and Form W–3c, Transmittal of Corrected Wage and Tax Statements. Rev. Proc. 2002–51 superseded.

EMPLOYEE PLANS

Notice 2003–23, page 821. Weighted average interest rate update. The weighted average interest rate for April 2003 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth.

Announcement 2003–22, page 846. Proposed new comparability regulations; withdrawal; com- ment period. This announcement states that the Service will withdraw certain proposed, new comparability regulations and requests additional comments on the issue by July 27, 2003.

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Actions Relating to Court Decisions is on the page following the Introduction. Finding Lists begins on page ii.

ESTATE TAX

Rev. Rul. 2003–40, page 813. Estate tax; taxation of life insurance. If a Louisiana decedent purchases a life insurance policy on the decedent’s life during marriage, names the decedent as owner of the policy, and does not transfer ownership of the policy, the policy is presumed to be community property under Louisiana law. As a result, one-half of the proceeds is includible in the decedent’s gross estate.

EMPLOYMENT TAX

Rev. Proc. 2003–30, page 822. Specifications are set forth for the private printing of paper and laser-printed substitutes for tax year 2003 Form W–2, Wage and Tax Statement, and Form W–3, Transmittal of Wage and Tax Statements. Rev. Proc. 2002–53 superseded.

Rev. Proc. 2003–31, page 838. Specifications are set forth for the private printing of paper substitutes for the December 2002 revisions of Form W–2c, Cor- rected Wage and Tax Statement, and Form W-3c, Transmittal of Corrected Wage and Tax Statements. Rev. Proc. 2002–51 superseded.

TAX CONVENTIONS

Announcement 2003–21, page 846. Dutch agreement on pension funds. A copy of the News Release issued by the Director, International (U.S. Competent Authority) on March 21, 2003 (IR–2003–27), is set forth.

ADMINISTRATIVE

Rev. Rul. 2003–41, page 814. Filing a timely claim for refund. This ruling holds that section 7503 of the Code does not affect the time for filing a timely claim for refund under section 6511 of the Code when the last day for filing a return falls on a Saturday, Sunday, or legal holiday, and the taxpayer does not file a return on the next succeeding day that is not a Saturday, Sunday, or legal holiday. Rev. Rul. 66–118 distinguished.

Announcement 2003–25, page 846. This document provides notice of a change in location of a public hearing on proposed regulations (REG–126485–01, 2003–9 I.R.B. 542) relating to statutory mergers and consolidations.

April 28, 2003 2003–17 I.R.B.