SECTION 6. EFFECTIVE DATE

.01 In general . This revenue procedure is effective June 9, 2003. Any entity that meets the requirements of this revenue procedure as of June 9, 2003, may seek relief under this revenue procedure. This revenue procedure applies to requests pending with the service center pursuant to Rev. Proc. 98–55 on June 9, 2003, and to requests received thereafter. It also applies to all letter ruling requests pending in the national office on June 9, 2003, and all future requests for relief.

.02 Transition rule for pending letter rul- ing requests . If an entity has filed a request for a letter ruling seeking relief for a late Election Under Subchapter S and that

letter ruling request is pending in the national office on June 9, 2003, the entity may withdraw that letter ruling request and receive a refund of its user fee. However, the national office will process letter ruling requests pending on June 9, 2003, unless, prior to the earlier of July 24, 2003, or the issuance of the letter ruling, the entity notifies the national office that it will withdraw its letter ruling request.