Bulletin No. 2003-47 November 24, 2003

EMPLOYEE PLANS

Notice 2003–74, page 1097. Weighted average interest rate update. The weighted average interest rate for November 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.

EXEMPT ORGANIZATIONS

Announcement 2003–72, page 1146. A list is provided of organizations now classified as private foundations.

ADMINISTRATIVE

Rev. Proc. 2003–82, page 1097. Low–income housing credit tenant income certifications. This procedure provides safe harbors under which the Internal Revenue Service will treat a residential rental unit in a building as a low-income unit under section 42(i)(3)(A) of the Code if the incomes of the individuals occupying the unit are at or below the applicable income limitation before the beginning of the buildingÊs credit period, but their incomes exceed that limitation at the beginning of the buildingÊs credit period.

Rev. Proc. 2003–83, page 1099. This procedure provides specifications for filing Form 1042–S, Foreign Person’s U.S. Source Income Subject to With- holding, Electronically or Magnetically. The procedure will be reprinted as the current revision of Publication 1187. Rev. Proc. 2001–40 superseded.