INCOME TAX—Cont.

Private foundations, organizations now

classified as (Ann 10) 7, 490 ; (Ann 14) 11, 603 ; (Ann 20) 15, 750 ; (Ann 28) 19, 899 ; (Ann 31) 20, 930 ; (Ann 34) 21, 953 Proposed Regulations:

26 CFR 1.46–6, amended; 1.168(i)–3 added; application of normalization accounting rules to balances of excess deferred income taxes and accumulated deferred investment tax credits of public utilities whose generation assets cease to be public utility property (REG–104385–01) 12, 634 26 CFR 1.61–8, revised; rents and royalties (REG–151043–02) 3, 300 26 CFR 1.121–3, amended; reduced maximum exclusion of gain from sale or exchange of principal residence (REG–138882–02) 8, 522 26 CFR 1.167(a)–3, amended; 1.263(a)–4, added; 1.446–5, added; guidance regarding deduction and capitalization of expenditures (REG–125638–01) 5, 373 26 CFR 1.302–5, 1.304–3; redemptions taxable as dividends (REG– 150313–01); correction (Ann 9) 7, 490 26 CFR 1.368–2, revised; statutory mergers and consolidations (REG– 126485–01) 9, 542 ; correction (Ann 25) 17, 846 26 CFR 1.704–1, –3, amended; 1.721–2, added; 1.761–3, added; 1.1272–1, amended; 1.1273–2, amended; 1.1275–4, amended; noncompensatory partnership options (REG–103580–02) 9, 543 26 CFR 1.1502–21, –32, amended; 1.1502–35, added; guidance under section 1502, suspension of losses on certain stock dispositions (REG– 131478–02) 13, 669 ; correction (Ann 24) 16, 810 26 CFR 1.6038–3, amended; returns required with respect to controlled foreign partnerships (REG–124069– 02) 7, 488 26 CFR 1.6043–4; 1.6045–3; information reporting relating to taxable stock transactions (REG–143321– 02); correction (Ann 12) 10, 585

2003–22 I.R.B. x June 2, 2003