Bulletin No. 2018–37 September 10, 2018

tively connected net investment income under section 842(b) of the Internal Revenue Code for taxable years beginning after December 31, 2016.

REG–112176–18, page 430. This document contains proposed amendments to regulations regarding under section 170 of the Internal Revenue Code (Code). The proposed amendments provide rules governing the availability of charitable contribution deductions under section 170 when a taxpayer receives or expects to receive a corresponding state or local tax credit. This document also proposes amendments to the regulations under section 642(c) to apply similar rules to payments made by a trust or decedent’s estate. This document provides notification of a public hearing on these proposed regulations.