INCOME TAX

Rev. Rul. 2016–23, page 382 Interest rates: underpayments and overpayments. The rates for interest determined under section 6621 of the code for the calendar quarter beginning October 1, 2016, will be 4 percent for overpayments (3 percent in the case of a corporation), 4 percent for underpayments, and 6 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 1.5 percent.

Rev. Rul. 2016–24, page 395. Fringe benefits aircraft valuation formula. For purposes of section 1.61–21(g) of the Income Tax Regulations, relating to the rule for valuing non-commercial flights on employerprovided aircraft, the Standard Industry Fare Level (SIFL) centsper-mile rates and terminal charge in effect for the second half of 2016 are set forth.

Announcement 2016–33, page 422. Announcement of Certification Resulting from the 2012–2013 Phase III Allocation Round of the Qualifying Advanced Coal Project Program. The announcement discloses the certification resulting from the 2012–13 Phase III allocation round of the qualifying advanced coal project program of § 48A of the Internal Revenue Code.

Announcement 2016–34, page 422. Announcement of the Results of the Phase III Allocation Round of the Qualifying Gasification Project Program. The proposed announcement discloses the results of the Phase III allocation round under the qualifying gasification project program of § 48B of the Internal Revenue Code. This announcement also serves as notice to applicants that no additional allocation rounds will be conducted under the qualifying gasification project program.

Finding Lists begin on page ii.