INCOME TAX

Rev. Rul. 2009–35, page 568. Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for November 2009.

Notice 2009–83, page 588. Credit for carbon dioxide sequestration under section 45Q. This notice sets forth interim guidance, pending the issuance of regulations, relating to the credit for carbon dioxide sequestration under section 45Q of the Code. Specifically, the notice provides guidance on determining eligibility for the credit and the amount of the credit, as well as rules regarding adequate security measures for secure geological storage of carbon dioxide. The notice also sets forth a separate reporting requirement.