Bulletin No. 2009-16 April 20, 2009

of the Code. The notice also provides limited regulatory guidance for QECBs.

Notice 2009–30, page 852. This notice sets forth the maximum face amount of Qualified Zone Academy Bonds (“QZABs”) that may be issued for each state for each of the calendar years 2008 and 2009 under section 54E(c)(2) of the Code. This notice also provides certain interim guidance for QZABs issued after October 3, 2008.

Rev. Proc. 2009–21, page 860. Changes to cost-of-living adjustments for 2008 and 2009. This procedure reflects statutory amendments made by the Tax Extenders and Alternative Minimum Tax Relief Act of 2008 and the American Recovery and Reinvestment Tax Act of 2009. The Acts establish amounts that are to be used in certain sections of the Code in lieu of amounts that are adjusted annually for inflation. Parts of Rev. Procs. 2007–66 and 2008–66 modified and superseded.

Rev. Proc. 2009–22, page 862. This procedure provides guidance to individuals who fail to meet the eligibility requirements of section 911(d)(1) of the Code because adverse conditions in a foreign country preclude the individual from meeting those requirements. A current list of countries for tax year 2008 and the dates those countries are subject to the section 911(d)(4) waiver is provided.

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