SEC. 3. SCOPE

This revenue procedure applies to possessions corporations electing the percentage limitation, affiliated possessions corporations electing to compute the economic activity limitation on a consolidated basis, and possessions corporations revoking their § 936(a) election or changing § 936(h) income allocation methods in post-1993 tax years. The rules for electing the percentage limitation are set forth in § 4 of this revenue procedure. Sections 5 and 6 provide rules and conditions for computing and electing to compute the economic activity limitation on a consolidated basis. Section 7 provides rules for revoking § 936(a) elections and changing methods under § 936(h) in post-1993 tax years.