SECTION 6. EFFECTIVE DATE

For income tax purposes, this revenue procedure applies to tax years beginning in 1996. For excise tax purposes, this revenue procedure applies to transactions occurring in calendar year 1996. Congress is currently considering legislation that may affect this revenue procedure. If that legislation is enacted, this revenue procedure will be updated accordingly.

26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also Part I, Sections 62, 162, 274, 1016; 1.62–2, 1.162–17, 1.274–5T, 1.274(d)–1, 1.1016–3.)

Rev. Proc. 95–54