Part III. Administrative, Procedural, and Miscellaneous

Notice of Proposed Revenue Procedure for Cardholder/Payors to Rely on Merchant Category Codes to Determine Reportable Payments

Notice 2003–37

This notice provides a proposed revenue procedure that, when finalized, would provide an optional procedure that payors and their authorized agents may use in determining whether payment card transactions are reportable under section 6041 or section 6041A of the Internal Revenue Code.

The Internal Revenue Service requests comments on this proposed revenue procedure. Written comments must be received by September 29, 2003. Comments should be submitted to: CC:PA:RU (NOT–129380– 02), Room 5526, Internal Revenue Service, Ben Franklin Station, Washington, DC 20224. Alternatively, comments may be hand delivered between the hours of 8:00 a.m. and 5:00 p.m. to CC:PA:RU (NOT– 129380–02), Courier’s Desk, Internal Revenue Service, 1111 Constitution Ave., NW, Washington, DC. Comments may also be transmitted electronically via the following e-mail address: Notice.Comments@ irscounsel.treas.gov . Please include “Notice 2003–37” in the subject line of any electronic communications.

For further information regarding this notice, contact Joseph P. Dewald of the Office of Associate Chief Counsel (Procedure and Administration), Administrative Provisions and Judicial Practice Division. Mr. Dewald may be contacted at 202–622– 4910 (not a toll-free call).

APPENDIX (PROPOSED REVENUE

PROCEDURE)