INCOME TAX

Notice 2008–25, page 484. This notice explains how the GO Zone bonus depreciation recapture provision of section 1400N(d)(5) of the Code applies to GO Zone property transferred in a like-kind exchange or as a result of an involuntary conversion. Notice 2006–77 clarified and amplified.

Notice 2008–26, page 487. This notice updates and amplifies the qualifying advanced coal project program of section 48A of the Code by announcing an immediate beginning of a special allocation round to the pool of investment credits available for integrated gasification combined cycle (IGCC) projects using bituminous coal as primary feedstock.

Rev. Proc. 2008–15, page 489. This document provides procedures under section 9037 of the Code for making payments from the Presidential Primary Matching Payment Account.

Announcement 2008–15, page 511. This announcement contains corrections to Rev. Proc. 2008–13, 2008–6 I.R.B. 407, relating to maximum vehicle values for use with the special valuation rules under regulations section 1.61–21(d) and (e).

Announcement 2008–17, page 512. This announcement invites comments from the public regarding transfer tax issues expected to be addressed in forthcoming proposed regulations (REG–127127–05). The document also requests comments on several income tax issues and on rules relating to the election to treat contributions to a Quali