Bulletin No. 2006-47 November 20, 2006

Notice 2006–101, page 930. This notice updates Notice 2003–69, 2003–2 C.B. 851, which contains a list of the United States tax treaties that meet the requirements of section 1(h)(11)(C)(i)(II) of the Code. Notice 2003–69 amplified and superseded.

Rev. Proc. 2006–42, page 931. This document provides rules for taxpayers to obtain automatic approval to change certain elections to apportion interest expense and research and experimentation expense under section 861 of the Code as a result of new rules under the section 199 domestic production activities deduction.

Rev. Proc. 2006–51, page 945. This procedure amplifies Rev. Proc. 2005–70, 2005–47 I.R.B. 979, to provide the maximum amount of foreign earned income, as adjusted for inflation, that may be excluded from gross income under section 911 of the Code for taxable years beginning in 2006. Rev. Proc. 2005–70 amplified.