SECTION 6. DRAFTING

INFORMATION

The principal author of this notice is Quyen P. Huynh of the Office of Associate

2006–42 I.R.B. 688 October 16, 2006

during the 12-month period ending August 31, 2006. Under Notice 2006–82, the 12-month period ending on August 31, 2006, is not a drought-free year for an applicable region that includes any county on this list. Accordingly, for a taxpayer who qualified for a four-year replacement period for livestock sold or exchanged on account of drought and whose replacement period is scheduled to expire at the end of 2006 (or, in the case of a fiscal year taxpayer, at the end of the taxable year that includes August 31, 2006), the replacement period will be extended under § 1033(e)(2) and Notice 2006–82 if the applicable region includes any county on this list. This extension will continue until the end of the taxpayer’s first taxable year ending after a drought-free year for the applicable region.