INCOME TAX

Rev. Rul. 2006–50, page 672. Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for October 2006.

Rev. Rul. 2006–51, page 632. Low-income housing credit; satisfactory bond; “bond factor” amounts for the period January through De- cember 2006. This ruling provides the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period January through December 2006.

T.D. 9283, page 633. Final regulations under sections 168(k) and 1400L(b) of the Code provide guidance regarding the additional first year depreciation deduction for qualified property and 50-percent bonus depreciation property under section 168(k) and for qualified New York Liberty Zone property under section 1400L(b).

T.D. 9285, page 656. Final regulations under section 448 of the Code provide rules relating to the use of a nonaccrual-experience method of accounting by taxpayers using an accrual method of accounting and performing services. The regulations affect qualifying taxpayers that want to adopt, change to, or change a nonaccrualexperience method of accounting under section 448(d)(5).

REG–109367–06, page 683. Proposed regulations clarify the circumstances in which accounts or notes receivable are “acquired ... for services rendered” within the meaning of section 1221(a)(4) of the Code.

Finding Lists begin on page ii.