SECTION 3. SCOPE

This revenue procedure applies to a taxpayer that:

.01 Is an eligible small business taxpayer, as defined in section 4.01 of this revenue procedure, that wants to revoke its election made under § 263A(d)(3), and in the same taxable year, apply the exemption under § 263A(i); or

.02 Is a former eligible small business taxpayer, as defined in section 4.02 of this revenue procedure, that wants to make an election under § 263A(d)(3) in the first taxable year that the taxpayer no longer qualifies to use the exemption under § 263A(i); or

.03 Is a related person, as defined in section 4.03 of this revenue procedure, of either:

(1) An eligible small business taxpayer, as defined in section 4.01 of this revenue procedure, or

(2) A former eligible small business taxpayer, as defined in section 4.02 of this revenue procedure.