SECTION 3. SCOPE

.01 Advance Elections . This revenue procedure applies to States that choose to make an Advance Election for calendar year 2027. Section 4 of this revenue procedure provides the exclusive procedure for a State to make an Advance Election for calendar year 2027.

.02 Perfection of Advance Election . As the Treasury Department and the IRS intend to specify in future guidance, each State making an Advance Election for calendar year 2027 will need to perfect its election by submitting its State SGO list, along with all required information and certifications, before the final date on which the State is permitted to submit the State SGO list (as will be specified in future guidance). Because a State that makes an Advance Election is required by § 25F(g) to provide its State SGO list as part of its election, a failure to submit the list by the deadline would not meet the statutory requirements, and, as a result, no organization in that State would qualify as an SGO under § 25F for calendar year 2027.