Bulletin No. 2009-43 October 26, 2009

gross income for purposes of the six-year minimum period for assessment of tax attributable to partnership items and the six-year period for assessing tax.

REG–140492–02, page 559. This document contains a withdrawal of proposed regulations (REG–140492–02, 2004–1 C.B. 1031) under section 142(a)(6) of the Code, which defined solid waste disposal facilities. This document also reissues the withdrawn proposed regulations and updates the definition of solid waste disposal facilities for purposes of section 142(a)(6). Generally, interest on a state or local bond is excluded from gross income. However, the exclusion does not apply to a private activity bond unless the bond is a qualified bond. A qualified bond includes an exempt facility bond that meets certain requirements. Exempt facility bonds include bonds for solid waste disposal facilities. The proposed regulations define solid waste disposal facilities for purposes of exempt facility bonds. A public hearing is scheduled for January 5, 2010.

EMPLOYEE PLANS

Notice 2009–76, page 554. Weighted average interest rate update; corporate bond indices; 30–year Treasury securities; segment rates. This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in October 2009; the 24–month average segment rates; the funding transitional segment rates applicable for October 2009; and the minimum present value transitional rates for September 2009.