These synopses are intended only as aids to the reader in
Agency decision
Ask Donna
What actually matters in this document.
Text
Bulletin No. 2003–4
January 27, 2003
HIGHLIGHTS
OF THIS ISSUE
These synopses are intended only as aids to the reader in
identifying the subject matter covered. They may not be
relied upon as authoritative interpretations.
SPECIAL ANNOUNCEMENT
Announcement 2003–3, page 361.
This announcement lists the names of the neutrals that have been
qualified by the Service and Chief Counsel to serve as arbitrators for contingent liability transaction cases proceeding under
Rev. Proc. 2002–67, 2003–43 I.R.B. 733.
Rev. Proc. 2003–11, page 311.
This procedure describes the Service’s Offshore Voluntary Compliance Initiative for taxpayers that have underreported their United
States income tax liability through financial arrangements that in
any manner rely on the use of offshore payment cards or offshore financial arrangements.
EMPLOYEE PLANS
INCOME TAX
Rev. Rul. 2003–9, page 303.
LIFO; price indexes; department stores. The November 2002
Bureau of Labor Statistics price indexes are accepted for use by
department stores employing the retail inventory and last-in, firstout inventory methods for valuing inventories for tax years ended
on, or with reference to, November 30, 2002.
Rev. Rul. 2003–14, page 302.
Cost-share payments; SWCA. The Soil and Water Conservation Assistance Program (SWCA) is substantially similar to the type
of programs described in sections 126(a)(1) through (8) within
the meaning of section 126(a)(9) of the Code. All or a portion of
cost-share payments received under the SWCA program is eligible for exclusion from gross income to the extent permitted by
section 126.
Rev. Rul. 2003–15, page 302.
Cost-share payments; AMA. The Agricultural Management Assistance Program (AMA) is substantially similar to the type of programs described in sections 126(a)(1) through (8) within the
meaning of section 126(a)(9) of the Code. All or a portion of costshare payments received under the AMA program is eligible for
exclusion from gross income to the extent permitted by section 126.
Notice 2003–7, page 310.
Weighted average interest rate update. The weighted average interest rate for January 2003 and the resulting permissible range of interest rates used to calculate current liability for
purposes of the full funding limitation of section 412(c)(7) of the
Code are set forth.
Rev. Proc. 2003–13, page 317.
Deemed IRAs; section 602 of EGTRRA. This procedure describes the application of section 408(q) of the Code for deemed
IRAs as added by section 602 of the Economic Growth and Tax
Relief Reconciliation Act for plan years after December 31, 2002.
Rev. Proc. 2003–16, page 359.
Section 644 of EGTRRA; 60-day rollover requirement;
waiver. This document describes a procedure for obtaining a
waiver of the 60-day rollover requirement under sections 402(c)(3)
and 408(d)(3) of the Code for distributions after December 31,
2001.
EXEMPT ORGANIZATIONS
Rev. Rul. 2003–13, page 305.
Transfers of assets. This ruling describes the responsibilities
of a private foundation relating to section 507 and chapter 42
(sections 4940–4945) of the Code when it transfers all of its assets to one or more public charities described in sections
509(a)(1), 509(a)(2), or 509(a)(3).
(Continued on the next page)
Finding Lists begin on page ii.
EXEMPT ORGANIZATIONS—CONT.
Rev. Proc. 2003–12, page 316.
This procedure clarifies that an entity described in section
501(c)(3) of the Code can also meet the requirements of section 115(1). It also provides information on drafting dissolution
clauses in the articles of organization of a section 501(c)(3) entity that requests a letter ruling that its income is excluded from
gross income under section 115(1).
ADMINISTRATIVE
Notice 2003–8, page 310.
This notice advises that until further notice from the Service, no
information reporting will be required under section 6045 of the
Code with regard to securities futures contracts.
Rev. Proc. 2003–11, page 311.
This procedure describes the Service’s Offshore Voluntary Compliance Initiative for taxpayers that have underreported their United
States income tax liability through financial arrangements that in
any manner rely on the use of offshore payment cards or offshore financial arrangements.
Rev. Proc. 2003–14, page 319.
Indian tribal government trusts for minors. This procedure provides a safe harbor under which the Service will treat an
Indian tribe as the grantor and owner of a trust for the receipt
of gaming revenues under the Indian Gaming Regulatory Act (25
U.S.C. sections 2701–2721) (IGRA) for the benefit of minors or
legal incompetents. Beneficiaries of an IGRA trust will not be required to include amounts in gross income when transferred to,
or earned by, the IGRA trust under the economic benefit doctrine. Comments are requested on the application of the economic benefit doctrine to IGRA trusts that are not within the scope
of this revenue procedure and the type of trust provisions that
preclude the application of the economic benefit doctrine. Rev.
Proc. 2003–3 amplified.
Rev. Proc. 2003–15, page 321.
This procedure provides issuers of qualified mortgage bonds, as
defined in section 143(a) of the Code, and issuers of mortgage credit certificates, as defined in section 25(c), with a list
of qualified census tracts for each state and the District of Columbia. The qualified census tracts are based on data from the
2000 census. Rev. Proc. 93–38 obsoleted.
January 27, 2003
2003–4 I.R.B.
The IRS Mission
Provide America’s taxpayers top quality service by helping them
understand and meet their tax responsibilities and by applying
the tax law with integrity and fairness to all.
Introduction
The Internal Revenue Bulletin is the authoritative instrument of the
Commissioner of Internal Revenue for announcing official rulings and procedures of the Internal Revenue Service and for publishing Treasury Decisions, Executive Orders, Tax Conventions,
legislation, court decisions, and other items of general interest. It is published weekly and may be obtained from the Superintendent of Documents on a subscription basis. Bulletin contents
are consolidated semiannually into Cumulative Bulletins, which
are sold on a single-copy basis.
It is the policy of the Service to publish in the Bulletin all substantive rulings necessary to promote a uniform application of
the tax laws, including all rulings that supersede, revoke, modify,
or amend any of those previously published in the Bulletin. All published rulings apply retroactively unless otherwise indicated. Procedures relating solely to matters of internal management are
not published; however, statements of internal practices and procedures that affect the rights and duties of taxpayers are published.
Revenue rulings represent the conclusions of the Service on the
application of the law to the pivotal facts stated in the revenue
ruling. In those based on positions taken in rulings to taxpayers or technical advice to Service field offices, identifying details and information of a confidential nature are deleted to prevent
unwarranted invasions of privacy and to comply with statutory
requirements.
Rulings and procedures reported in the Bulletin do not have the
force and effect of Treasury Department Regulations, but they
may be used as precedents. Unpublished rulings will not be relied on, used, or cited as precedents by Service personnel in the
disposition of other cases. In applying published rulings and procedures, the effect of subsequent legislation, regulations, court
decisions, rulings, and procedures must be considered, and Service personnel and others concerned are cautioned against reaching the same conclusions in other cases unless the facts and
circumstances are substantially the same.
The Bulletin is divided into four parts as follows:
Part I.—1986 Code.
This part includes rulings and decisions based on provisions of
the Internal Revenue Code of 1986.
Part II.—Treaties and Tax Legislation.
This part is divided into two subparts as follows: Subpart A, Tax
Conventions and Other Related Items, and Subpart B, Legislation and Related Committee Reports.
Part III.—Administrative, Procedural, and Miscellaneous.
To the extent practicable, pertinent cross references to these subjects are contained in the other Parts and Subparts. Also included in this part are Bank Secrecy Act Administrative Rulings.
Bank Secrecy Act Administrative Rulings are issued by the Department of the Treasury’s Office of the Assistant Secretary (Enforcement).
Part IV.—Items of General Interest.
This part includes notices of proposed rulemakings, disbarment and suspension lists, and announcements.
The first Bulletin for each month includes a cumulative index for
the matters published during the preceding months. These
monthly indexes are cumulated on a semiannual basis, and are
published in the first Bulletin of the succeeding semiannual period, respectively.
The contents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.
For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
2003–4 I.R.B.
January 27, 2003
Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
Section 25.—Interest on Certain Home Mortgages
Rev. Rul. 2003–14
26 CFR 1.25–3T: Qualified mortgage credit certifi-
ISSUE
cate.
The qualified census tracts for the states and the
District of Columbia are set forth for use in determining the portion of loans required to be placed in
targeted areas under section 143(h). See Rev. Proc.
2003–15, page 321.
Section 61.—Gross Income
Defined
26 CFR 1.61–1: Gross income.
Beneficiaries of trusts for the receipt of gaming
revenues under the Indian Gaming Regulatory Act for
the benefit of minors or legal incompetents that conform to the procedures of this revenue procedure will
not be required to include amounts in gross income
when transferred to, or earned by, the trust under the
economic benefit doctrine. Rather, beneficiaries will
include amounts in income when actually or constructively received. See Rev. Proc. 2003–14, page 319.
Section 103.—Interest on
State and Local Bonds
26 CFR 1.103–1: Interest upon obligations of a State,
Territory, etc.
The qualified census tracts for the states and the
District of Columbia are set forth for use in determining the portion of loans required to be placed in
targeted areas under section 143(h). See Rev. Proc.
2003–15, page 321.
Section 126.—Certain CostSharing Payments
26 CFR 16A.126–1: Certain cost-sharing payments
— In general (Temporary).
Cost-share payments; SWCA. The Soil
and Water Conservation Assistance Program (SWCA) is substantially similar to the
type of programs described in sections
126(a)(1) through (8) within the meaning
of section 126(a)(9) of the Code. All or a
portion of cost-share payments received under the SWCA program is eligible for exclusion from gross income to the extent
permitted by section 126.
2003–4 I.R.B.
Is the Soil and Water Conservation Assistance (SWCA) program substantially
similar to the type of programs described
in § 126(a)(1) through (8) of the Internal
Revenue Code, so that the SWCA program is within the scope of § 126(a)(9) and,
thereby, cost-share payments received under the SWCA program are eligible for exclusion from gross income to the extent
permitted by § 126?
FACTS
The SWCA program, authorized under
the provisions of Title II of the Agricultural Risk Protection Act of 2000, Pub. L.
No. 106–224, 114 Stat. 358, is a voluntary program that provides payments to
farmers and ranchers to implement measures needed to conserve and improve soil,
water, and related natural resources and to
comply with federal and state environmental laws. A farmer or rancher who participates in the SWCA program enters into a
5 to 10 year cost-share agreement with the
Department of Agriculture pursuant to
which the farmer or rancher agrees to
implement specific eligible conservation
practices in return for cost-share payments
in the amount of 75 percent of the cost of
an eligible practice. The total maximum
payment per participant cannot exceed
$50,000.
The Secretary of Agriculture has determined that cost-share payments under the
SWCA program are primarily for the purpose of conservation.
grams described in §§ 126(a)(1) through (8).
See § 16A.126–1(d)(3) of the temporary Income Tax Regulations for the definition of
“small watershed.”
Once the Commissioner has determined
that a program is substantially similar to the
types of programs described in § 126(a)(1)
through (8), taxpayers receiving cost-share
payments under that program must determine what portion of the cost-share payments is excludable from gross income
under § 126. See § 126(b)(1), and
§ 16A.126–1 relating to the partial exclusion for certain cost-share payments to determine what portion of the cost-share
payments is excludable from gross income
under § 126.
HOLDING
The SWCA program is substantially
similar to the type of programs described
in §§ 126(a)(1) through (8) within the meaning of § 126(a)(9). All or a portion of costshare payments received under the SWCA
program is eligible for exclusion from gross
income to the extent permitted by § 126.
See § 126(b)(1) and § 16A.126–1 to determine what portion, if any, of the cost-share
payments is excludable from gross income
under § 126.
DRAFTING INFORMATION
The principal author of this revenue ruling is Nicole R. Cimino of the Office of Associate Chief Counsel (Passthroughs and
Special Industries). For further information regarding this revenue ruling, contact Ms. Cimino at (202) 622–3120 (not a
toll-free call).
LAW AND ANALYSIS
Under § 126(a), gross income does not
include the excludable portion of payments
received under certain conservation programs set forth in § 126(a)(1) through (8).
Under § 126(a)(9), a program affecting
“small watersheds” that is administered by
the Secretary of Agriculture also is eligible for § 126 treatment if the Commissioner determines that the program is
substantially similar to the type of pro-
302
26 CFR 16A.126–1: Certain cost-sharing payments
— In general (Temporary).
Cost-share payments; AMA. The Agricultural Management Assistance Program (AMA) is substantially similar to the
type of programs described in sections
126(a)(1) through (8) within the meaning
of section 126(a)(9) of the Code. All or a
portion of cost-share payments received under the AMA program is eligible for exclu-
January 27, 2003
sion from gross income to the extent permitted by section 126.
Rev. Rul. 2003–15
ISSUE
Is the Agricultural Management Assistance (AMA) program substantially similar to the type of programs described in
§ 126 (a)(1) through (8) of the Internal Revenue Code, so that the AMA program is
within the scope of § 126(a)(9) and, thereby,
cost-share payments received under the
AMA program are eligible for exclusion
from gross income to the extent permitted by § 126?
grams described in §§ 126(a)(1) through (8).
See § 16A.126–1(d)(3) of the temporary Income Tax Regulations for the definition of
“small watershed.”
Once the Commissioner has determined
that a program is substantially similar to the
types of programs described in § 126(a)(1)
through (8), taxpayers receiving cost-share
payments under that program must determine what portion of the cost-share payments is excludable from gross income
under § 126. See § 126(b)(1), and
§ 16A.126–1 relating to the partial exclusion for certain cost-share payments to determine what portion of the cost-share
payments is excludable from gross income
under § 126.
FACTS
HOLDING
The AMA program, authorized under the
provisions of Title I of the Agricultural Risk
Protection Act of 2000, Pub. L. No. 106–
224, 114 Stat. 358, is a voluntary program that provides cost-share assistance to
agricultural producers to address threats to
soil, water, and related natural resources by
incorporating certain conservation practices into their farming operations. An agricultural producer who participates in the
AMA program enters into a 5 to 10 year
cost-share agreement with the Department
of Agriculture pursuant to which the agricultural producer agrees to implement eligible conservation practices in return for
cost-share payments in the amount of 75
percent of the cost of the eligible practice, with a limit of $50,000 per person for
any fiscal year. The total cost-share payments paid per person over the course of
the contract cannot exceed $150,000.
The Secretary of Agriculture has determined that cost-share payments under the
AMA program are primarily for the purpose of conservation.
The AMA program is substantially similar to the type of programs described in
§§ 126(a)(1) through (8) within the meaning of § 126(a)(9). All or a portion of costshare payments received under the AMA
program is eligible for exclusion from gross
income to the extent permitted by § 126.
See § 126(b)(1) and § 16A.126–1 to determine what portion, if any, of the cost-share
payments is excludable from gross income
under § 126.
LAW AND ANALYSIS
Under § 126(a), gross income does not
include the excludable portion of payments
received under certain conservation programs set forth in § 126(a)(1) through (8).
Under § 126(a)(9), a program affecting
“small watersheds” that is administered by
the Secretary of Agriculture also is eligible for § 126 treatment if the Commissioner determines that the program is
substantially similar to the type of pro-
January 27, 2003
DRAFTING INFORMATION
The principal author of this revenue ruling is Nicole R. Cimino of the Office of Associate Chief Counsel (Passthroughs and
Special Industries). For further information regarding this revenue ruling, contact Ms. Cimino at (202) 622–3120 (not a
toll-free call).
Section 402.—Taxability of
Beneficiary of Employees’
Trust
Pursuant to section 644 of the Economic Growth
and Tax Relief Reconciliation Act of 2001, a revenue procedure provides a method for obtaining a
waiver from the 60-day rollover requirement of section 402(c)(3)(A) of the Internal Revenue Code. See
Rev. Proc. 2003–16, page 359.
Section 408.—Individual Retirement Accounts
Pursuant to section 644 of the Economic Growth
and Tax Relief Reconciliation Act of 2001, a revenue procedure provides a method for obtaining a
waiver from the 60-day rollover requirement of section 408(d)(3)(A) and (D) of the Internal Revenue
Code. See Rev. Proc. 2003–16, page 359.
Section 451.—General Rule
for Taxable Year of Inclusion
26 CFR 1.451–1: General rule for taxable year of inclusion.
Beneficiaries of trusts for the receipt of gaming
revenues under the Indian Gaming Regulatory Act for
the benefit of minors or legal incompetents that conform to the procedures of this revenue procedure will
not be required to include amounts in gross income
when transferred to, or earned by, the trust under the
economic benefit doctrine. Rather, beneficiaries will
include amounts in income when actually or constructively received. See Rev. Proc. 2003–14, page 319.
Section 472.—Last-in, First-out
Inventories
26 CFR 1.472–1: Last-in, first-out inventories.
Section 143.—Mortgage Revenue Bonds: Qualified Mortgage Bond and Qualified
Veterans’ Mortgage Bond
LIFO; price indexes; department
stores. The November 2002 Bureau of Labor Statistics price indexes are accepted for
use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax
years ended on, or with reference to, November 30, 2002.
26 CFR 6a.103A–2: Qualified mortgage bond.
Rev. Rul. 2003–9
The qualified census tracts for the states and the
District of Columbia are set forth for use in determining the portion of loans required to be placed in
targeted areas under section 143(h). See Rev. Proc.
2003–15, page 321.
The following Department Store Inventory Price Indexes for November 2002 were
issued by the Bureau of Labor Statistics.
The indexes are accepted by the Internal
Revenue Service, under § 1.472–1(k) of the
Income Tax Regulations and Rev. Proc. 86–
46, 1986–2 C.B. 739, for appropriate ap-
303
2003–4 I.R.B.
plication to inventories of department stores
employing the retail inventory and lastin, first-out inventory methods for tax years
ended on, or with reference to, November 30, 2002.
The Department Store Inventory Price
Indexes are prepared on a national basis and
include (a) 23 major groups of departments, (b) three special combinations of the
major groups — soft goods, durable goods,
and miscellaneous goods, and (c) a store total, which covers all departments, including some not listed separately, except for
the following: candy, food, liquor, tobacco,
and contract departments.
BUREAU OF LABOR STATISTICS, DEPARTMENT STORE
INVENTORY PRICE INDEXES BY DEPARTMENT GROUPS
(January 1941 = 100, unless otherwise noted)
Nov. 2001
Nov. 2002
Percent Change
from Nov. 2001 to
Nov. 20021
Piece Goods ..............................................................................
Domestics and Draperies ..........................................................
Women’s and Children’s Shoes ...............................................
Men’s Shoes..............................................................................
Infants’ Wear.............................................................................
Women’s Underwear.................................................................
Women’s Hosiery......................................................................
Women’s and Girls’ Accessories..............................................
Women’s Outerwear and Girls’ Wear ......................................
Men’s Clothing .........................................................................
Men’s Furnishings ....................................................................
Boys’ Clothing and Furnishings...............................................
Jewelry ......................................................................................
Notions ......................................................................................
Toilet Articles and Drugs..........................................................
Furniture and Bedding ..............................................................
Floor Coverings ........................................................................
Housewares ...............................................................................
Major Appliances ......................................................................
Radio and Television ................................................................
Recreation and Education2 .......................................................
Home Improvements2 ...............................................................
Auto Accessories2 .....................................................................
492.1
597.2
659.0
877.2
641.4
574.5
355.0
562.2
385.3
582.7
625.4
490.1
907.3
806.5
979.8
629.5
627.3
762.5
226.5
52.3
88.4
124.2
110.4
473.3
571.3
652.4
899.2
622.7
551.8
345.3
559.1
373.5
572.1
603.6
461.3
871.7
793.1
972.5
622.2
600.6
738.6
221.6
47.5
84.6
125.2
111.7
-3.8
-4.3
-1.0
2.5
-2.9
-4.0
-2.7
-0.6
-3.1
-1.8
-3.5
-5.9
-3.9
-1.7
-0.7
-1.2
-4.3
-3.1
-2.2
-9.2
-4.3
0.8
1.2
Groups 1 – 15: Soft Goods...................................................................
Groups 16 – 20: Durable Goods ..........................................................
Groups 21 – 23: Misc. Goods2 .............................................................
592.1
418.8
97.6
575.9
404.5
95.4
-2.7
-3.4
-2.3
Store Total3................................................................................
528.0
513.0
-2.8
Groups
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
1
Absence of a minus sign before the percentage change in this column signifies a price increase.
Indexes on a January 1986=100 base.
3
The store total index covers all departments, including some not listed separately, except for the following: candy, food, liquor, tobacco, and contract departments.
2
DRAFTING INFORMATION
The principal author of this revenue ruling is Michael Burkom of the Office of Associate Chief Counsel (Income Tax and
2003–4 I.R.B.
Accounting). For further information regarding this revenue ruling, contact
Mr. Burkom at (202) 622–7718 (not a tollfree call).
304
January 27, 2003
Section 507.—Termination of
Private Foundation Status
26 CFR 1.507–1, 1.507–2, 1.507–3, 1.507–4, 1.507–7:
Special rules; Transfers to publicly supported organizations; Liability in case of transfers.
(Also §§ 4940, 4941, 4942, 4943, 4944, 4945;
53.4940–1, 53.4941(a)–1, 53.4942(a)–3.)
Transfers of assets. This ruling describes the responsibilities of a private foundation relating to section 507 and chapter
42 (sections 4940–4945) of the Code when
it transfers all of its assets to one or more
public charities described in sections
509(a)(1), 509(a)(2), or 509(a)(3).
Rev. Rul. 2003–13
ISSUES
If a private foundation distributes all of
its net assets to one or more public charities described in § 509(a)(1), § 509(a)(2) or
§ 509(a)(3) of the Internal Revenue Code
under the facts described below:
1. Has the private foundation terminated its foundation status and is the private foundation liable for tax under
§ 507(c)?
2. What are the consequences of the distribution under:
(a) § 4940;
(b) § 4941;
(c) § 4942;
(d) § 4943;
(e) § 4944; and
(f) § 4945?
FACTS
Each of the following situations assumes that: (i) the private foundation has
not committed either willful repeated acts
(or failures to act), or a willful and flagrant act (or failure to act), giving rise to
liability for tax under chapter 42; (ii) the
private foundation is not an operating foundation within the meaning of § 4942(j)(3);
(iii) the transferee organizations are not controlled (directly or indirectly) by the private foundation or by one or more
disqualified persons with respect to the private foundation; (iv) the private foundation has not previously terminated (or had
terminated) its private foundation status; (v)
the transferee organization is a public charity described in § 509(a)(1), § 509(a)(2), or
§ 509(a)(3) that retains its public charity
January 27, 2003
classification for at least three years following the date of the distribution; (vi) the
private foundation does not impose any material restrictions as described in § 1.507–
2(a)(8)(i) on the transferred assets, and (vii)
the private foundation retains sufficient income or assets to pay any chapter 42 taxes,
such as the tax imposed under § 4940 for
the portion of the taxable year prior to the
distribution, and pays such taxes when due.
Situation 1. P is recognized as exempt
from federal income tax under § 501(c)(3)
and is classified as a private foundation under § 509(a). Pursuant to a plan of dissolution, P distributes all its net assets to X.
X is recognized as exempt from federal income tax under § 501(c)(3) and is not
a private foundation because X is described
in § 509(a)(1) (i.e. an organization described in § 170(b)(1)(A) (other than clauses
(vii) and (viii))). X has been in existence
and so described for a continuous period of
at least 60 calendar months immediately
preceding the distribution. After P distributes all its net assets, P files articles of dissolution with the appropriate state authority.
Situation 2. The facts are the same as
Situation 1, except that X has been in existence for fewer than 60 calendar months
immediately preceding the distribution, and
was not formed as a result of a consolidation of other organizations described in
§ 509(a)(1) that would have been in existence for a continuous period of 60 calendar months prior to the distribution had they
continued in existence.
Situation 3. The facts are the same as
Situation 1, except that X is an organization described in § 509(a)(2).
Situation 4. The facts are the same as
Situation 1, except that X is an organization described in § 509(a)(3).
LAW
Section 507(a) provides that, except as
provided in § 507(b), the status of any organization as a private foundation shall be
terminated only if (1) such organization notifies the Secretary of its intent to accomplish such termination, or (2) with respect
to such organization, there have been either willful repeated acts (or failures to act),
or a willful and flagrant act (or failure to
act), giving rise to a liability for tax under chapter 42, and the Secretary notifies
such organization that it is liable for the tax
imposed by § 507(c). Under § 507(a)(1) and
(2), the organization’s private foundation
305
status is terminated when the organization pays the tax imposed by § 507(c) or
the entire amount of such tax is abated under § 507(g).
Section 507(b)(1)(A) provides that the
private foundation status of any organization, with respect to which there have not
been either willful repeated acts (or failures to act) or a willful and flagrant act (or
failure to act) giving rise to a liability for
tax under chapter 42, shall be terminated,
if the private foundation distributes all its
net assets to one or more organizations described in § 170(b)(1)(A) (other than clauses
(vii) and (viii)) each of which has been in
existence and so described for a continuous period of at least 60 calendar months
immediately preceding such distribution.
Section 507(c) imposes a tax on each organization whose private foundation status is voluntarily or involuntarily terminated
under § 507(a). The tax imposed is the
lower of (1) the amount that the private
foundation substantiates by adequate records
or other corroborating evidence as the aggregate tax benefit resulting from the
§ 501(c)(3) status of such foundation, or (2)
the value of the net assets of the foundation.
Section 1.507–1(b)(1) provides that in
order to terminate its private foundation status under § 507(a)(1), an organization must
submit a statement to the Manager, Exempt Organizations Determinations, Tax Exempt and Government Entities Division
(TE/GE), of its intent to terminate its private foundation status under § 507(a)(1).
Such statement must set forth in detail the
computation and amount of tax imposed under § 507(c). Unless the organization requests abatement of such tax pursuant to
§ 507(g), full payment of such tax must be
made at the time the statement is filed under § 507(a)(1). An organization may request the abatement of all of the tax
imposed under § 507(c), or may pay any
part thereof and request abatement of the
unpaid portion of the amount of tax assessed. If the organization requests abatement of the tax imposed under § 507(c) and
such request is denied, the organization must
pay such tax in full upon notification by the
Service that such tax will not be abated.
Section 1.507–1(b)(7) provides that a
transfer of all the assets of a private foundation does not result in a termination of
the transferor private foundation under
§ 507(a), unless the transferor private foun-
2003–4 I.R.B.
dation elects to terminate pursuant to
§ 507(a)(1), or § 507(a)(2) is applicable.
Section 1.507–2(a)(1) provides that under § 507(b)(1)(A), a private foundation,
may terminate its private foundation status by distributing all its net assets to one
or more organizations described in
§ 170(b)(1)(A) (other than clauses (vii) and
(viii)) each of which has been in existence and so described for a continuous period of at least 60 calendar months
immediately preceding such distribution. As
§ 507(a) does not apply to such a termination, a private foundation that makes such
a termination is not required to give the notification described in § 507(a)(1). A private foundation that terminates its private
foundation status under § 507(b)(1)(A) does
not incur tax under § 507(c) and, therefore, no abatement of such tax under
§ 507(g) is required.
Section 1.507–2(a)(4) provides that an
organization that terminates its private foundation status pursuant to § 507(b)(1)(A) will
remain subject to the provisions of chapter 42 until it distributes all its net assets
to distributee organizations described in
§ 507(b)(1)(A).
Section 1.507–2(a)(7) provides that a private foundation will meet the requirement
that it “distribute all of its net assets” within
the meaning of § 507(b)(1)(A) only if it
transfers all its right, title, and interest in
and to all its net assets to one or more organizations referred to in § 507(b)(1)(A).
Section 1.507–2(a)(8)(i) provides, in part,
that to effectuate a transfer of “all of its
right, title, and interest in and to all of net
assets,” a transferor private foundation may
not impose any material restriction or condition that prevents the transferee organization from freely and effectively employing
the transferred assets, or the income derived therefrom, in furtherance of its exempt purposes.
Section 1.507–3(e) provides that if a private foundation transfers all or part of its
assets to one or more organizations described in § 509(a)(1), (2), or (3) and, within
a period of 3 years from the date of such
transfers, one or more of the transferee organizations lose their § 509(a)(1), (2), or (3)
status and become private foundations, then
the transfer will be treated as a transfer described in § 507(b)(2) and the provisions of
§ 1.507–3(a) shall be treated as applying to
such transferee from the date any such
transfer was made to it.
2003–4 I.R.B.
Section 1.507–4(b) provides that private foundations that make transfers described in § 507(b)(1)(A) or (2) are not
subject to the tax imposed under § 507(c)
with respect to such transfers unless the provisions of § 507(a) become applicable.
Section 1.507–7(a) provides that the
value of net assets for purposes of § 507(c)
shall be determined at whichever time such
value is higher: (1) the first day action is
taken by the organization that culminates
in its ceasing to be a private foundation, or
(2) the date it ceases to be a private foundation.
Section 1.507–7(b)(1) provides that in
the case of a termination under § 507(a)(1),
the date of action referred to in § 1.507–
7(a)(1) shall be the date the terminating
foundation gives the notification described
in § 507(a)(1).
Section 4940(a) generally imposes an excise tax on a private foundation’s net investment income for the taxable year.
Section 4940(c)(1) defines net investment income as the amount by which the
sum of the gross investment income and the
capital gain net income exceeds the deductions allowed under 4940(c)(3).
Section 53.4940–1(f)(1) provides that a
distribution of property for purposes described in § 170(c)(1) or (2)(B) that is a
qualifying distribution under § 4942 shall
not be treated as a sale or disposition of
property.
Section 4941(a)(1) imposes a tax on each
act of self-dealing between a disqualified
person and a private foundation. Section
53.4946–1(a)(8) provides that, for purposes of § 4941, the term “disqualified person” shall not include any organization
described in § 501(c)(3) (other than an organization described in § 509(a)(4)).
Section 4942(a) generally imposes a tax
on the undistributed income of a private
foundation (other than an operating foundation under § 4942(j)(3)) for any taxable
year, that has not been distributed before the
first day of the second (or any succeeding) taxable year following such taxable
year.
Section 4942(c) defines “undistributed
income” for any taxable year as the amount
by which the distributable amount for such
taxable year exceeds the qualifying distributions made out of such distributable
amount for such taxable year.
Section 4942(d) defines “distributable
amount” as the amount equal to the sum of
306
the minimum investment return, plus certain other amounts, reduced by the sum of
the taxes imposed on such private foundation for the taxable year under subtitle A
and § 4940.
Section 4942(g)(1)(A) defines “qualifying distribution” as any amount (including that portion of reasonable and necessary
administrative expenses) paid to accomplish one or more purposes described in
§ 170(c)(2)(B) other than a contribution to
(i) an organization controlled directly or indirectly by the foundation or by one or
more disqualified persons with respect to
the foundation, unless certain requirements
are satisfied, or (ii) any private foundation that is not an operating foundation under § 4942(j)(3), unless certain requirements
are satisfied.
Section 53.4942(a)–3(a)(3) provides, in
part, that control of a donee organization
is determined without regard to any conditions imposed upon the donee as part of
the distribution or any other restrictions accompanying the distribution as to the manner the distribution is to be used, unless
such conditions or restrictions are described
in § 1.507–2(a)(8).
Section 4943(a)(1) imposes a tax on the
“excess business holdings” (as defined in
§ 4943(c)) of any private foundation in a
business enterprise.
Section 4944(a)(1) imposes a tax on any
amount invested by a private foundation in
a manner that jeopardizes the carrying out
of any of the foundation’s exempt purposes.
Section 4945 imposes a tax on any “taxable expenditure” (as defined in § 4945(d))
made by a private foundation.
Section 4945(d)(4)(A) states that the term
“taxable expenditure” includes any amount
paid or incurred by a private foundation as
a grant to an organization unless the organization is described in paragraph (1), (2),
or (3) of § 509(a) or is an exempt operating foundation (as defined in § 4940(d)(2)).
Section 4945(h) provides that the expenditure responsibility referred to in
§ 4945(d)(4) means a private foundation is
responsible to exert all reasonable efforts
and to establish adequate procedures to (1)
see that the grant is spent solely for the purpose for which made, (2) obtain full and
complete reports from the grantee on how
the funds are spent, and (3) make full and
detailed reports with respect to such expenditures to the Secretary.
January 27, 2003
Section 4946 provides that the term ‘disqualified person’ includes a substantial contributor to a private foundation.
In Rev. Rul. 75–289, 1975–2 C.B. 215,
a private foundation defined in § 509 distributed all its net assets to an organization, described in § 170(b)(1)(A)(vi), that
had been in existence for only 20 months.
The organization was formed as a result of
a consolidation of two organizations each
of which would have been an organization described in § 170(b)(1)(A)(vi) and in
existence for a continuous period of 60 calendar months before the distribution had
they continued in existence. The ruling held
that the private foundation had terminated
its private foundation status under
§ 507(b)(1)(A).
ANALYSIS
SECTION 507
Under § 507(b)(1)(A), an organization’s
status as a private foundation is terminated if the organization distributes all its
net assets to one or more organizations described in § 509(a)(1) (i.e., organizations described in § 170(b)(1)(A) (other than in
clauses (vii) and (viii))) each of which has
been in existence and so described for a
continuous period of at least 60 calendar
months immediately preceding the distribution. An organization that terminates its
private
foundation
status
under
§ 507(b)(1)(A) is not required to give notice under § 507(a)(1) and is not subject to
the tax described in § 507(c). See § 1.507–
2(a)(1).
If a private foundation distributes all its
net assets to one or more public charities,
at least one of which is described in
§ 509(a)(1) and has been so described for
fewer than 60 calendar months immediately preceding the distribution or is described in §§ 509(a)(2) or (3), then the rules
of § 507(b)(1)(A) do not apply. In this case,
the distributions do not cause the private
foundation to terminate its private foundation status. See § 1.507–1(b)(7). The private foundation may choose to terminate its
private foundation status by submitting a
statement of its intent to terminate its private foundation status under § 507(a)(1) to
the Manager, Exempt Organizations Determinations, Tax Exempt and Government Entities Division (TE/GE). See
§ 1.507–1(b)(1). Such statement must set
January 27, 2003
forth in detail the computation and amount
of tax imposed under § 507(c). See § 1.507–
1(b)(1). If the private foundation has no net
assets on the day it provides notice (e.g.,
it provides notice at least one day after it
distributes all its net assets), the tax imposed by § 507(c) will be zero. See
§ 507(a)(1) and § 507(c); and §§ 1.507–
7(a) and (b). A submission of a Form
990–PF marked “Final” does not constitute notice of termination of private foundation status under § 507(a)(1). See § 1.507–
1(b)(1).
In Situation 1, P transfers all its net assets to X, which is described in § 509(a)(1)
and has been so described for a continuous period of at least 60 calendar months
immediately preceding the distribution. Accordingly, the distribution is subject to the
rules of § 507(b)(1)(A), rather than the rules
of § 507(a)(1). See § 507(b)(1)(A) and
§ 1.507–2(a)(1).
Because the distribution is described in
§ 507(b)(1)(A), P’s status as a private foundation is terminated upon the distribution
and P is not subject to the tax described in
§ 507(c). See § 1.507–2(a)(1) and § 1.507–
4(b). P is not required to give notice under § 507(a)(1) to terminate its private
foundation status.
In Situation 2, X is an organization described in § 509(a)(1) that has been in existence and so described for fewer than 60
calendar months immediately preceding the
distribution. In Situation 3, X is an organization described in § 509(a)(2). In Situation 4, X is an organization described in
§ 509(a)(3). Accordingly, the distributions
in Situations 2, 3, and 4 are not subject to
the rules of § 507(b)(1)(A). See § 507(b)
(1)(A) and § 1.507–2(a)(1).
Because the distributions in Situations
2, 3, and 4 are not described in
§ 507(b)(1)(A), P’s status as a private foundation is not terminated unless it gives notice under § 507(a)(1). See § 1.507–1(b)(1)
and § 1.507–1(b)(7). If P does not provide notice and does not terminate, P is not
subject to the tax under § 507(c).
If P chooses to provide notice, and therefore terminates, it is subject to the tax under § 507(c) on the date it provides notice;
however, if P has no net assets on the day
it provides notice (e.g., it provides notice
at least one day after it distributes all its net
assets), the tax imposed by § 507(c) will be
307
zero. See § 507(a)(1) and § 507(c); and
§§ 1.507–7(a) and (b).
SECTION 4940
In Situations 1, 2, 3, and 4, the distributions do not constitute an investment of
P for purposes of § 4940; therefore the distributions do not give rise to net investment income under § 4940(a). See
§ 53.4940–1(f)(1).
SECTION 4941
In Situations 1, 2, 3, and 4, the distributions are to § 501(c)(3) organizations,
which are not treated as disqualified persons for purposes of § 4941. See § 53.4946–
1(a)(8). Thus, the distributions do not
constitute self-dealing transactions and are
not subject to tax under § 4941(a)(1).
SECTION 4942
In Situations 1, 2, 3, and 4, the distributions are paid to accomplish one or more
purposes described in § 170(c)(2)(B) and are
not made to organizations controlled directly or indirectly by P or by one or more
disqualified persons with respect to P. Thus,
the distributions are qualifying distributions for purposes of § 4942(g)(1)(A).
SECTION 4943
In Situations 1, 2, 3, and 4, the distributions do not cause P to have excess business holdings subject to tax under § 4943(a).
SECTION 4944
In Situations 1, 2, 3, and 4, the distributions do not constitute investments for
purposes of § 4944 and therefore are not
jeopardizing investments subject to tax under § 4944(a)(1).
SECTION 4945
In Situations 1, 2, 3, and 4, the distributions are to organizations described in
§§ 509(a)(1), (2), or (3). Therefore, the distributions are not taxable expenditures under § 4945. See § 4945(d)(4)(A). P will not
be required to exercise expenditure responsibility with respect to the distributions under § 4945(d)(4) or (h).
HOLDINGS
Under the facts of the ruling:
2003–4 I.R.B.
1. A private foundation that distributes all its net assets to one or more organizations described in § 509(a)(1) (i.e.,
organizations described in § 170(b)(1)(A)
(other than in clauses (vii) and (viii))) each
of which has been in existence and so described for a continuous period of at least
60 calendar months immediately preceding the distribution terminates its private
foundation status under § 507(b)(1)(A). The
private foundation is not required to file a
notice of termination under § 507(a)(1) and
is not liable for tax under § 507(c).
A private foundation that distributes all
its net assets to one or more public charities, at least one of which is described in
§ 509(a)(1) and has been so described for
fewer than 60 calendar months immediately preceding the distribution or is described in §§ 509(a)(2) or (3), does not
terminate its private foundation status unless it gives notice under § 507(a)(1). If the
private foundation does not provide notice and does not terminate, the private
foundation is not subject to tax under
§ 507(c). If the private foundation chooses
to provide notice, and therefore terminates,
it is subject to the tax under § 507(c) on the
date notice is given; however, if the private foundation has no net assets on the day
it provides notice (e.g., it provides notice
at least one day after it distributes all its net
assets), the tax imposed by § 507(c) will be
zero.
If the private foundation elects to terminate its private foundation status under
§ 507(a)(1), it must submit a statement to
the Manager, Exempt Organizations Determinations, Tax Exempt and Government Entities Division (TE/GE), of its intent
to terminate its private foundation status under § 507(a)(1). Such statement must set
forth in detail the computation and amount
of tax imposed under § 507(c). The submission of a Form 990–PF marked “Final” does not constitute notice of
termination of private foundation status under § 507(a)(1).
2. (a) The distribution does not give rise
to net investment income and is not subject to tax under § 4940(a).
(b) The distribution does not constitute a self-dealing transaction and is not subject to tax under § 4941(a)(1).
(c) The distribution constitutes a qualifying distribution for the transferor private foundation under § 4942.
2003–4 I.R.B.
(d) The distribution does not result in excess business holdings and is not subject to
tax under § 4943(a).
(e) The distribution does not constitute
an investment jeopardizing the transferor
private foundation’s exempt purposes and
is not subject to tax under § 4944(a)(1).
(f) The distribution is not a taxable expenditure described in § 4945.
DRAFTING INFORMATION
The principal author of this revenue ruling is Theodore R. Lieber of the Exempt
Organizations, Tax Exempt and Government Entities Division. For further information regarding this revenue ruling, contact
Theodore R. Lieber at (202) 283–8999 (not
a toll-free call).
Section 671.—Trust Income,
Deductions, and Credits Attributable to Grantors and
Others as Substantial Owners
Section 4940.—Excise Tax
Based on Investment Income
Responsibilities of a private foundation relating to
section 507 and chapter 42 (sections 4940–4945) when
it transfers all of its assets to one or more organizations described in section 509(a). See Rev. Rul. 2003–
13, page 305.
Section 4941.—Taxes on
Self-Dealing
Responsibilities of a private foundation relating to
section 507 and chapter 42 (sections 4940–4945) when
it transfers all of its assets to one or more organizations described in section 509(a). See Rev. Rul. 2003–
13, page 305.
Section 4942.—Taxes on
Failure to Distribute Income
Responsibilities of a private foundation relating to
section 507 and chapter 42 (sections 4940–4945) when
it transfers all of its assets to one or more organizations described in section 509(a). See Rev. Rul. 2003–
13, page 305.
26 CFR 1.671–1: Grantors and others treated as substantial owners; scope
The Internal Revenue Service will treat an Indian tribe as the grantor and owner of a trust for the
receipt of gaming revenues under the Indian Gaming Regulatory Act (25 U.S.C. sections 2701–2721)
(IGRA) for the benefit of minors or legal incompetents if the trust conforms to the procedures of this
revenue procedure. See Rev. Proc. 2003–14, page 319.
Section 1234B.—Gains or
Losses From Securities Futures Contracts
Section 4943.—Taxes on Excess Business Holdings
Responsibilities of a private foundation relating to
section 507 and chapter 42 (sections 4940–4945) when
it transfers all of its assets to one or more organizations described in section 509(a). See Rev. Rul. 2003–
13, page 305.
Section 4944.—Taxes on Investments Which Jeopardize
Charitable Purpose
Until further notice, the Internal Revenue Service will not require information reporting under section 6045 with respect to securities futures contracts.
See Notice 2003–8, page 310.
Responsibilities of a private foundation relating to
section 507 and chapter 42 (sections 4940–4945) when
it transfers all of its assets to one or more organizations described in section 509(a). See Rev. Rul. 2003–
13, page 305.
Section 1256.—Section 1256
Contracts Marked to Market
Section 4945.—Taxes on Taxable Expenditures
Until further notice, the Internal Revenue Service will not require information reporting under section 6045 with respect to securities futures contracts.
See Notice 2003–8, page 310.
Responsibilities of a private foundation relating to
section 507 and chapter 42 (sections 4940–4945) when
it transfers all of its assets to one or more organizations described in section 509(a). See Rev. Rul. 2003–
13, page 305.
308
January 27, 2003
Section 6045.—Returns of
Brokers
26 CFR 1.6045–1: Returns of information of brokers and barter exchanges.
Until further notice, the Internal Revenue Service will not require information reporting under section 6045 with respect to securities futures contracts.
See Notice 2003–8, page 310.
January 27, 2003
309
2003–4 I.R.B.
Part III. Administrative, Procedural, and Miscellaneous
Weighted Average Interest
Rate Update
Notice 2003–7
Sections 412(b)(5)(B) and 412(l)(7)(C)(i)
of the Internal Revenue Code provide that
the interest rates used to calculate current
liability for purposes of determining the full
funding limitation under § 412(c)(7) and the
required contribution under § 412(l) must
be within a permissible range around the
weighted average of the rates of interest on
30-year Treasury securities during the fouryear period ending on the last day before
the beginning of the plan year.
Notice 88–73, 1988–2 C.B. 383, provides guidelines for determining the
weighted average interest rate and the resulting permissible range of interest rates
used to calculate current liability for the purpose of the full funding limitation of
§ 412(c)(7) of the Code.
Section 417(e)(3)(A)(ii)(II) of the Code
defines the applicable interest rate, which
must be used for purposes of determining
the minimum present value of a participant’s benefit under § 417(e)(1) and (2), as
the annual rate of interest on 30-year Treasury securities for the month before the date
of distribution or such other time as the Secretary may by regulations prescribe. Section 1.417(e)–1(d)(3) of the Income Tax
Regulations provides that the applicable interest rate for a month is the annual interest rate on 30-year Treasury securities as
specified by the Commissioner for that
month in revenue rulings, notices or other
guidance published in the Internal Revenue Bulletin.
The rate of interest on 30-year Treasury Securities for December 2002 is 4.92
percent. Pursuant to Notice 2002–26,
2002–15 I.R.B. 743, the Service has determined this rate as the monthly average
of the daily determination of yield on the
30-year Treasury bond maturing in February 2031.
Section 405 of the Job Creation and
Worker Assistance Act of 2002 amended
§ 412(l)(7)(C) of the Code to provide that
for plan years beginning in 2002 and 2003
the permissible range is extended to 120
percent.
The following rates were determined for
the plan years beginning in the month
shown below.
Month
Year
Weighted
Average
90% to 110%
Permissible
Range
90% to 120%
Permissible
Range
January
2003
5.54
4.98 to 6.09
4.98 to 6.65
Drafting information
Background
The principal author of this notice is
Todd Newman of the Employee Plans, Tax
Exempt and Government Entities Division. For further information regarding this
notice, please contact the Employee Plans’
taxpayer assistance telephone service at
1–877–829–5500 (a toll-free number), between the hours of 8:00 a.m. and 6:30 p.m.
Eastern time, Monday through Friday.
Mr. Newman may be reached at 1–202–
283–9888 (not a toll-free number).
The Commodity Futures Modernization Act of 2000 (the “Act”) authorized
trading in securities futures contracts
(“SFCs”). The Securities Exchange Act of
1934, as amended by the Act, defines a SFC
generally as a contract of sale for future delivery of a single security or a narrowbased security index. See 15 U.S.C.
§ 78c(a)(55)(A) (2000).
Section 6045(a) of the Internal Revenue Code provides that brokers, when required by the Secretary, must make a return,
in accordance with such regulations as the
Secretary may prescribe, regarding each of
the broker’s customers, with such details regarding gross proceeds and other information as the Secretary may by forms or
regulations require.
Information Reporting for
Securities Futures Contracts
Notice 2003–8
Until further notice, the Internal Revenue Service will not require information
reporting under Code section 6045 with respect to securities futures contracts.
2003–4 I.R.B.
Deferral of Potential Information
Reporting Obligations
The Service will issue published guidance identifying the circumstances, if any,
in which brokers must file information returns under section 6045 regarding SFC in-
310
vestments or transactions of the brokers’
customers. Depending on the conclusions
reached, this guidance may take the form
of regulations, of a notice published in the
Federal Register, or of a publication in the
Internal Revenue Bulletin. Pending this
guidance, the Service will not require information reporting under section 6045 with
respect to SFCs. Thus, to the extent current law can be interpreted as requiring brokers to prepare information returns under
section 6045 with respect to SFCs, no such
returns will be required pending issuance
of the guidance described above. This Notice 2003–8 does not affect informationreporting obligations, if any, with respect
to SFCs under any other Code section.
For further information regarding this notice, contact Nathan Rosen of the Office of
the Associate Chief Counsel (Procedure &
Administration), Administrative Provisions and Judicial Practice Division, at (202)
622–4910 (not a toll-free call).
January 27, 2003
Offshore Voluntary
Compliance Initiative
Rev. Proc. 2003–11
SECTION 1. PURPOSE
.01 This revenue procedure describes the
Internal Revenue Service’s Offshore Voluntary Compliance Initiative for taxpayers that have underreported their United
States income tax liability through financial arrangements that in any manner rely
on the use of offshore payment cards (including credit, debit, or charge cards) issued by banks in foreign jurisdictions or
offshore financial arrangements (including arrangements with foreign banks,
financial institutions, corporations, partnerships, trusts, or other entities). This revenue procedure applies to tax years ending
after December 31, 1998, and to tax years
ending before that date to the extent provided in section 8 of this revenue procedure.
.02 The Service has determined that
some taxpayers have used offshore payment cards or offshore financial arrangements to avoid United States income taxes.
The Offshore Voluntary Compliance Initiative described in this revenue procedure affords taxpayers that have used these
devices an opportunity to avoid certain penalties that would otherwise apply.
SECTION 2. SCOPE OF THE
OFFSHORE VOLUNTARY
COMPLIANCE INITIATIVE
.01 With respect to unreported income
or false deductions associated with the use
of offshore payment cards or offshore financial arrangements, the Service:
(1) will not impose the civil fraud penalty under section 6663, the fraudulent failure to file penalty under section 6651(f), and
information return civil penalties for failure to comply with sections 6035, 6038,
6038A, 6038B, 6038C, 6039F, 6046,
6046A, and 6048; and
(2) will, in appropriate circumstances,
impose the delinquency penalty under section 6651, the accuracy–related penalty under section 6662, or both penalties against
taxpayers that participate in the Offshore
Voluntary Compliance Initiative.
.02 The Financial Crimes Enforcement
Network (FinCEN) will not impose civil
January 27, 2003
penalties for failure to timely file a Report of Foreign Bank and Financial Accounts (FBAR) against eligible taxpayers
that participate in the Offshore Voluntary
Compliance Initiative. For more information, see FinCEN’s website at www.
fincen.gov and look under Regulatory/BSA
Guidance.
.03 The Service will treat the request to
participate in the Offshore Voluntary Compliance Initiative as a request to make a voluntary disclosure pursuant to its Voluntary
Disclosure Practice as described in
IR–2002–135, Dec. 11, 2002. See also Treasury Directive 15–41, dated December 1,
1992 (delegating to the Service the authority to investigate the criminal FBAR penalty).
.04 Any contact or communication by
the Service with a taxpayer regarding the
taxpayer’s request to participate in the Offshore Voluntary Compliance Initiative is not
an examination of books and records for
purposes of section 7605(b) or Rev. Proc.
94–68, 1994–2 C.B. 803. The Service may
audit the returns of any taxpayer that participates in the Offshore Voluntary Compliance Initiative, and may propose
adjustments for items that are not resolved
under the Offshore Voluntary Compliance
Initiative.
SECTION 3. APPLICATION PROCESS
.01 Taxpayers that want to participate in
the Offshore Voluntary Compliance Initiative must, on or before April 15, 2003, send
a written request to participate in the Offshore Voluntary Compliance Initiative to the
National Offshore Voluntary Compliance
Initiative Coordinator. Taxpayers may send
the written request via the United States
Postal Service to P.O. Box 480, Bensalem, PA 19020; by private delivery service to 11601 Roosevelt Blvd., Philadelphia,
PA 19154, Attn.: DP S6005; or by email to
VCI@irs.gov. The written request must:
(1) state that the taxpayer requests to
participate in the Offshore Voluntary Compliance Initiative and is a taxpayer eligible to participate in the program, as
described in section 4 of this revenue procedure;
(2) state the taxpayer’s name, taxpayer
identification number, current address, and
daytime telephone number;
(3) state the name and employer identification number of any entity (including
but not limited to corporations, partner-
311
ships, trusts, and estates) that the taxpayer
caused to use offshore payment cards or offshore financial arrangements, or that was
the source of funds that the taxpayer caused
to be transferred to a foreign jurisdiction;
(4) state the name and office location of
any Service official whom the taxpayer has
previously contacted about making a voluntary disclosure; and
(5) include complete information regarding the taxpayer’s introduction to offshore payment cards and offshore financial
arrangements, including the following:
(a) the names, addresses, and telephone numbers of any parties who promoted or solicited the taxpayer’s use of
offshore payment cards or offshore financial arrangements;
(b) if known to the taxpayer, the
names, addresses, and telephone numbers
of any parties who advised or assisted the
promoters or solicitors in marketing offshore payment cards or offshore financial
arrangements; and
(c) all promotional materials, transactional materials, and other related correspondence and documentation that the
taxpayer at any time received regarding offshore payment cards or offshore financial
arrangements. Taxpayers that send a written request to participate in the Offshore
Voluntary Compliance Initiative by email
to VCI@irs.gov must send these materials by mail or private delivery service (to
the addresses provided in subsection .01
above) within five days of the email. These
taxpayers should include with the materials a copy of the email sent to VCI@irs.gov.
SECTION 4. TAXPAYERS THAT ARE
ELIGIBLE TO PARTICIPATE IN THE
OFFSHORE VOLUNTARY
COMPLIANCE INITIATIVE
.01 A taxpayer that has used offshore
payment cards or offshore financial arrangements is eligible to participate in the
Offshore Voluntary Compliance Initiative
if the taxpayer meets the following
conditions:
(1) the taxpayer’s written request to participate in the Offshore Voluntary Compliance Initiative is received before:
(a) the Service has initiated a civil examination or criminal investigation of the
taxpayer, or has notified the taxpayer that
it intends to commence such an examination or investigation;
2003–4 I.R.B.
(b) the Service has received information from a third party (e.g., informant, other
governmental agency, or the media) alerting the Service to the specific taxpayer’s
noncompliance;
(c) the Service has initiated a civil examination or criminal investigation that is
directly related to the specific liability of
the taxpayer; or
(d) the Service has acquired information directly related to the specific liability of the taxpayer from a criminal
enforcement action (e.g., search warrant,
grand jury subpoena);
(2) the taxpayer has not promoted, solicited, or, in any way, facilitated the participation of others (other than members of
the taxpayer’s immediate family, or of individuals from whom the taxpayer did not
receive compensation of more than a nominal amount) in arrangements to avoid taxation by using offshore payment cards,
offshore financial arrangements, or any other
abusive transaction, domestic or offshore,
such as arrangements based on arguments
refuted by the Service in The Truth About
Frivolous Tax Arguments found at
www.irs.gov/pub/irs-utl/friv_tax.pdf;
(3) during the years in which the taxpayer seeks to participate in the Offshore
Voluntary Compliance Initiative, the taxpayer has not derived income from illegal sources, such as income from drug
trafficking; and
(4) during the years in which the taxpayer seeks to participate in the Offshore
Voluntary Compliance Initiative, the taxpayer has not used the offshore payment
cards or offshore financial arrangements to
support or, in any way, facilitate illegal activities not related to taxes.
SECTION 5. ACKNOWLEDGMENT
OF THE TAXPAYER’S REQUEST TO
PARTICIPATE IN THE OFFSHORE
VOLUNTARY COMPLIANCE
INITIATIVE
.01 The Service will acknowledge receipt of the taxpayer’s written request to
participate in the Offshore Voluntary Compliance Initiative within 30 calendar days
of receipt of the request. In its acknowledgment, the Service will advise whether
the taxpayer has been preliminarily determined to be eligible to participate in the
Offshore Voluntary Compliance Initiative
or has been determined to be ineligible to
participate in the Offshore Voluntary Com-
2003–4 I.R.B.
pliance Initiative. A preliminary determination of eligibility will not prevent the
Service from later determining that the taxpayer is not eligible to participate in the Offshore Voluntary Compliance Initiative due
to a failure to comply with the conditions
of section 4.01(2), (3), or (4), section 6, or
section 7 of this revenue procedure.
SECTION 6. ADDITIONAL
REQUIREMENTS THAT A TAXPAYER
MUST SATISFY AFTER THE
SERVICE PRELIMINARILY
DETERMINES THAT THE TAXPAYER
IS ELIGIBLE TO PARTICIPATE IN
THE OFFSHORE VOLUNTARY
COMPLIANCE INITIATIVE
.01 Within 150 calendar days of the date
of the letter informing the taxpayer that the
Service has preliminarily determined that
the taxpayer is eligible to participate in the
Offshore Voluntary Compliance Initiative,
the taxpayer must send the following material to the National Offshore Voluntary
Compliance Initiative Coordinator, via the
United States Postal Service to P.O. Box
480, Bensalem, PA 19020, or by private delivery service to 11601 Roosevelt Blvd.,
Philadelphia, PA 19154, Attn.: DP S6005:
(1) copies of original and amended federal income tax returns for tax periods ending after December 31, 1998, that the
taxpayer previously filed;
(2) copies of any powers of attorney
(Forms 2848) granted by the taxpayer with
respect to tax years in which the taxpayer
requests to participate in the Offshore Voluntary Compliance Initiative;
(3) descriptions of offshore payment
cards and foreign and domestic accounts of
any kind (including the name and address
of the bank or financial institution, the account number, and the date the account was
opened), and descriptions of foreign assets in which the taxpayer has or had any
ownership or beneficial interest or that are
or were controlled by the taxpayer (i.e., the
taxpayer has or had the practical ability to
direct or influence the financial transactions or affairs of an account or entity, or
the use or disposition of an asset, whether
this ability was exercised directly or indirectly through a nominee, agent, power of
attorney, letter of directions, letter of wishes,
or any other device whatsoever) at any time
after December 31, 1998;
(4) descriptions of entities of any kind
(including but not limited to corporations,
312
partnerships, trusts, and estates) and any
nominees through which the taxpayer exercised control over foreign funds, assets,
or investments at any time after December 31, 1998;
(5) descriptions of the source of any foreign funds, assets, or investments owned or
controlled by the taxpayer at any time after December 31, 1998;
(6) all promotional materials, transactional materials, and other related correspondence and documentation regarding
offshore payment cards or offshore financial arrangements received subsequent to the
date the taxpayer submits the request to participate in the Offshore Voluntary Compliance Initiative;
(7) complete and accurate amended or
delinquent original federal income tax returns of the taxpayer for all tax years ending after December 31, 1998, which are
supported by an explanation of previously
unreported income or incorrectly claimed
deductions or credits (whether or not related to offshore payment cards or offshore financial arrangements);
(8) complete and accurate amended or
delinquent original information returns required by sections 6035, 6038, 6038A,
6038B, 6038C, 6039F, 6046, 6046A, and
6048 for which the taxpayer requests relief from penalties; and
(9) complete and accurate FBARs for
tax years ending after December 31, 1998.
(FBAR forms are available by contacting
FinCEN at 800–949–2732 and on FinCEN’s
website, www.fincen.gov.)
.02 Upon the Service’s request, and
within the period of time allowed by the
Service in its request, the taxpayer must provide documentation of the matters described
in section 6.01 paragraphs (3) through (5)
of this revenue procedure, and information regarding all transactions conducted
through the foreign accounts and entities.
.03 Upon the Service’s request, and
within the period of time allowed by the
Service in its request, the taxpayer must provide executed consents or special consents to extend the time to assess tax for
years that the taxpayer requests to participate in the Offshore Voluntary Compliance Initiative.
.04 At the time the taxpayer files the required amended or delinquent original returns, the taxpayer must fully pay the tax
liabilities, including applicable penalties under sections 6651 and 6662, and interest,
January 27, 2003
or make other financial arrangements acceptable to the Service for all years covered by the Offshore Voluntary Compliance
Initiative. In addition, the taxpayer must
fully pay all other unpaid, previously assessed liabilities, or make other financial arrangements acceptable to the Service. For
purposes of this revenue procedure, other
financial arrangements acceptable to the Service shall include the completion and submission of complete financial statements to
the National Offshore Voluntary Compliance Initiative Coordinator at the time
amended or delinquent returns are filed in
compliance with section 6.01 of this revenue procedure. A complete financial statement shall include all assets, domestic and
foreign, in which the taxpayer has an ownership or beneficial interest or over which
the taxpayer has control, whether directly
or indirectly, through a nominee, agent,
power of attorney, letter of directions, letter of wishes, or any other device.
SECTION 7. FINAL
DETERMINATION THAT A
TAXPAYER IS ELIGIBLE TO
PARTICIPATE IN THE OFFSHORE
VOLUNTARY COMPLIANCE
INITIATIVE
.01 After an eligible taxpayer meets the
requirements of sections 3 and 6 of this revenue procedure, the taxpayer must execute
a specific matters closing agreement in the
form appended to this revenue procedure
as Exhibit 1. In the closing agreement, the
taxpayer must waive all defenses to the assessment and collection of tax, penalties,
and interest under the Offshore Voluntary
Compliance Initiative, including any defenses based on the expiration of the period of limitations on assessment or
collection. The taxpayer must also agree that
the failure to disclose information that
would make the taxpayer ineligible to participate in the Offshore Voluntary Compliance Initiative, or the failure to fully and
accurately provide the information required
by sections 3 and 6 of this revenue procedure, constitutes a misrepresentation of a
material fact under section 7121.
.02 Execution of the closing agreement
by the Commissioner constitutes a final determination under section 7121 that the tax-
January 27, 2003
payer is eligible to participate in the
Offshore Voluntary Compliance Initiative.
SECTION 8. TREATMENT OF TAX
YEARS ENDING PRIOR TO
JANUARY 1, 1999
.01 For cases resolved under the Offshore Voluntary Compliance Initiative, the
Service does not intend to solicit or secure information concerning an eligible participating taxpayer’s federal income tax
liabilities for tax years ending prior to January 1, 1999. Eligible participating taxpayers, however, must provide information
about all aspects of the taxpayer’s involvement with offshore payment cards or offshore financial arrangements, regardless of
the year in which such activities began.
.02 If it comes to the Service’s attention that substantial tax avoidance occurred
in tax years ending prior to January 1, 1999,
the Service reserves the right to examine
such prior tax years and to assess tax, penalties, and interest, if the period of limitations on assessment and collection for those
years is open. If any eligible participating
taxpayer files complete and accurate
amended or delinquent original returns for
tax years ending prior to January 1, 1999,
which are supported by an explanation of
previously unreported income or incorrectly claimed deductions or credits
(whether or not related to offshore payment cards or offshore financial arrangements), the Service will resolve the
taxpayer’s liability for those years for tax,
penalties, and interest on the same basis that
the Service will resolve liabilities for tax
years ending after December 31, 1998, under the Offshore Voluntary Compliance Initiative.
SECTION 9. EFFECTIVE DATE
.01 This revenue procedure is effective on January 14, 2003.
SECTION 10. PAPERWORK
REDUCTION ACT
.01 The collection of information contained in this revenue procedure has been
reviewed and approved by the Office of
Management and Budget in accordance with
the Paperwork Reduction Act (44 U.S.C.
§ 3507) under control number 1545–1822.
An agency may not conduct or sponsor, and
313
a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB
control number.
.02 The collection of information in this
revenue procedure is in Section 3 (APPLICATION PROCESS), Section 6 (ADDITIONAL REQUIREMENTS THAT A
TAXPAYER MUST SATISFY AFTER
THE SERVICE PRELIMINARILY DETERMINES THAT THE TAXPAYER IS
ELIGIBLE TO PARTICIPATE IN THE
OFFSHORE VOLUNTARY COMPLIANCE INITIATIVE), Section 7 (FINAL
DETERMINATION THAT A TAXPAYER
IS ELIGIBLE TO PARTICIPATE IN THE
OFFSHORE VOLUNTARY COMPLIANCE INITIATIVE), and Section 8
(TREATMENT OF TAX YEARS ENDING PRIOR TO JANUARY 1, 1999). This
information will be used to determine
whether a taxpayer is eligible for the Offshore Voluntary Compliance Initiative and
to apply the terms of the initiative. This information will also further the Service’s understanding of how offshore payment cards
and offshore financial arrangements have
been promoted and solicited. Collection of
the information described in this revenue
procedure is required to obtain the benefits of the Offshore Voluntary Compliance Initiative. The likely respondents are
individuals, corporations, partnerships, trusts,
and other entities.
.03 The estimated total annual reporting burden is uncertain but estimated to be
at least 100,000 hours. The estimated annual burden per respondent varies from 25
hours to 75 hours, depending on individual
circumstances, with an estimated average
of 50 hours. The number of respondents is
uncertain but estimated to be in the thousands. The estimated frequency of responses
is at least one per respondent.
.04 Books or records relating to a collection of information must be retained as
long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax
return information are confidential, as required by 26 U.S.C. § 6103.
SECTION 11. CONTACT
INFORMATION
.01 The principal author of this revenue procedure is Stuart Spielman of the
2003–4 I.R.B.
Office of the Associate Chief Counsel (Procedure and Administration). For further information regarding this revenue procedure,
please contact the Office of the National
Offshore Voluntary Compliance Initiative
Coordinator at 215–516–3537 (not a tollfree number) or visit www.irs.gov.
EXHIBIT 1
Department of the Treasury—Internal Revenue Service
Closing Agreement On Final Determination
Covering Specific Matters
Under section 7121 of the Internal Revenue Code:
______________________________________________________________________________________________________
(Taxpayer’s name)
_______________________________________________________________________________________________________
(Taxpayer’s address and identifying number)
WHEREAS, Taxpayer has underreported federal income taxes for [specify tax years] through financial arrangements that in some
manner rely on the use of offshore payment cards (including credit, debit, or charge cards) issued by banks in foreign jurisdictions or offshore financial arrangements (including arrangements with foreign banks, financial institutions, corporations, partnerships, trusts, or other entities);
WHEREAS, Taxpayer has requested to participate in the Offshore Voluntary Compliance Initiative, which is described in Revenue Procedure 2003–11; and
WHEREAS, Taxpayer has agreed to all the terms and conditions of the Offshore Voluntary Compliance Initiative.
NOW IT IS HEREBY DETERMINED AND AGREED FOR FEDERAL TAX PURPOSES THAT:
1. For [Year 1], Taxpayer used offshore payment cards or offshore financial arrangements to avoid reporting income in the amount
of [specify amount] and to claim false deductions in the amount of [specify amount]. [Insert only if applicable: For Year 1, Taxpayer had additional unreported income in the amount of [specify amount] and false deductions in the amount of [specify amount.]]
For [Year 2], Taxpayer used offshore payment cards or offshore financial arrangements to avoid reporting income in the amount
of [specify amount] and to claim false deductions in the amount of [specify amount]. [Insert only if applicable: For Year 2, Taxpayer had additional unreported income in the amount of [specify amount] and false deductions in the amount of [specify amount]]
[Continue in this manner for all tax years.]
2. For [Year 1], penalties under sections [indicate sections] of the Internal Revenue Code apply to underpayments attributable
to the unreported income and false deductions. For [Year 2], penalties under sections [indicate sections] apply to underpayments attributable to the unreported income and false deductions. [Continue in this manner for all tax years.]
3. Interest is due as provided by law on Taxpayer’s underpayments of tax and penalties.
4. Taxpayer waives all defenses to the assessment and collection of tax, penalties, and interest described in the preceding paragraphs, including any defense based on the expiration of the period of limitations on assessment or collection.
5. This closing agreement does not prevent the Internal Revenue Service from auditing Taxpayer for [specify tax years] and proposing adjustments unrelated to offshore payment cards or to offshore financial arrangements. This closing agreement also does
not prevent the Service from proposing adjustments related to offshore payment cards or to offshore financial arrangements if,
subsequent to the date that this closing agreement is executed, the Service determines that Taxpayer, contrary to the provisions
of Revenue Procedure 2003–11, failed to fully and accurately provide the information and materials required by sections 3 and
6 of the revenue procedure. Any examination or determination under this paragraph 5 does not constitute a second examination
for purposes of section 7605(b) of the Code or Rev. Proc. 94–68, 1994–2 C.B. 803.
2003–4 I.R.B.
314
January 27, 2003
6. Failure to disclose information that would make Taxpayer ineligible to participate in the Offshore Voluntary Compliance Initiative or failure to fully and accurately provide the information or material required by sections 3 and 6 of Revenue Procedure
2003–11 constitutes a misrepresentation of a material fact under section 7121 of the Code.
Instructions
This agreement must be signed and filed in triplicate. (All copies must have original signatures.) The original and copies of the
agreement must be identical. The name of the taxpayer must be stated accurately. The agreement may relate to one or more years.
If an attorney or agent signs the agreement for the taxpayer, the power of attorney (or a copy) authorizing that person to sign
must be attached to the agreement. If the agreement is made for a year when a joint income tax return was filed by a husband
and wife, it should be signed by or for both spouses. One spouse may sign as agent for the other if the document (or a copy)
specifically authorizing that spouse to sign is attached to the agreement.
If the fiduciary signs the agreement for a decedent or an estate, an attested copy of the letters testamentary or the court order
authorizing the fiduciary to sign, and a certificate of recent date that the authority remains in full force and effect must be attached to the agreement. If a trustee signs, a certified copy of the trust instrument or a certified copy of extracts from that instrument must be attached showing:
(1) the date of the instrument;
(2) that it is or is not of record in any court;
(3) the names of the beneficiaries;
(4) the appointment of the trustee, the authority granted, and other information necessary to show that the authority extends to
Federal tax matters; and
(5) that the trust has not been terminated, and that the trustee appointed is still acting. If a fiduciary is a party, Form 56, Notice
Concerning Fiduciary Relationship, is ordinarily required.
If the taxpayer is a corporation, the agreement must be dated and signed with the name of the corporation, the signature and title
of an authorized officer or officers, or the signature of an authorized attorney or agent. It is not necessary that a copy of an enabling corporate resolution be attached.
Use additional pages if necessary, and identify them as part of this agreement.
Please see Revenue Procedure 68–16, C.B. 1968–1, page 770, for a detailed description of practices and procedures applicable
to most closing agreements.
January 27, 2003
315
2003–4 I.R.B.
This agreement is final and conclusive except:
(1) the matter it relates to may be reopened in the event of fraud, malfeasance, or misrepresentation of material fact;
(2) it is subject to the Internal Revenue Code sections that expressly provide that effect be given to their provisions (including
any stated exception for Code section 7122) notwithstanding any other law or rule of law; and
(3) if it relates to a tax period ending after the date of this agreement, it is subject to any law, enacted after the agreement date,
that applies to that tax period.
By signing, the above parties certify that they have read and agreed to the terms of this document.
Your signature ___________________________________________________
Date Signed __________________
Spouse’s signature (if a joint return was filed) __________________________
Date Signed __________________
Taxpayer’s representative __________________________________________
Date Signed __________________
Taxpayer (other than individual)
_________________________________________________________________
By ___________________________________
Date Signed ____________________
Title __________________________________
Commissioner of Internal Revenue
By ___________________________________
Date Signed __________________
Title __________________________________
SECTION 2. BACKGROUND
26 CFR 601.201: Rulings and determination letters.
(Also section 115.)
Rev. Proc. 2003–12
SECTION 1. PURPOSE
This Revenue Procedure provides guidance on dissolution provisions for any organization described in § 501(c)(3) and
exempt from federal income tax under
§ 501(a) of the Code that requests a letter
ruling that its income is excluded from gross
income under § 115(1).
2003–4 I.R.B.
.01 Section 115(1) of the Code provides that gross income does not include income that is (i) derived from a public utility
or from the exercise of any essential governmental function (the “essential government function test”), and (ii) accruing to a
State, any political subdivision thereof, or
the District of Columbia (the “accrual test”).
An entity is not required to obtain a ruling from the Service to claim an exclusion from gross income under § 115(1).
.02 One aspect of the accrual test of
§ 115(1) is that assets of the organization
must be distributed upon the organiza-
316
tion’s dissolution to one or more States, political subdivisions thereof, the District of
Columbia, or to other organizations the income of which is excluded from gross income under § 115(1) (the “distribution of
assets upon dissolution requirement”). The
assets of an entity described in § 115(1) may
not be distributed upon dissolution (or at
any other time) to the United States government. See Rev. Rul. 90–74, 1990–2 C.B.
34; Rev. Rul. 77–261, 1977–2 C.B. 45; Rev.
Rul. 71–589, 1971–2 C.B. 94. An organization seeking a ruling under § 115(1) will
not be found to satisfy the distribution of
assets upon dissolution requirement of the
January 27, 2003
§ 115(1) accrual test if its articles of organization fail to limit distribution of all the
organization’s assets upon dissolution to one
or more States, political subdivision(s)
thereof, the District of Columbia, or to other
organizations whose income is excluded
from gross income under § 115(1).
.03 An organization may be described in
§ 501(c)(3) of the Internal Revenue Code
and its income may also be excluded from
gross income under § 115(1). See Treas.
Reg. § 1.6033–2(g)(1)(v) (a state institution exempt from taxation under § 501(a)
the income of which is excluded from gross
income under § 115(a) (now § 115(1)) is not
required to file an annual information return on Form 990, Return of Organization Exempt From Income Tax); see also
Rev. Proc. 95–48, §§ 3.01, 4.02, 1995–2
C.B. 418.
.04 To qualify as an organization described in § 501(c)(3) and exempt from federal income tax under § 501(a), an
organization must meet the requirements of
the organizational test of § 501(c)(3). One
requirement of the organizational test is that
the assets of the organization be dedicated
to an exempt purpose. Treas. Reg.
§ 1.501(c)(3)–1(b)(4).
.05 A § 501(c)(3) organization’s articles
of organization must contain a dissolution clause that satisfies the organizational
test of § 1.501(c)(3)–1(b)(4) of the Treasury Regulations, unless the organization is
organized under State laws that satisfy the
distribution of assets upon dissolution provisions of § 1.501(c)(3)–1(b)(4). See Treas.
Reg. § 1.501(c)(3)–1(b)(4); Rev. Proc. 82–2,
1982–1 C.B. 367.
SECTION 3. APPLICATION
A § 501(c)(3) organization can satisfy the
organizational test of § 1.501(c)(3)–1(b)(4)
of the Treasury Regulations by reason of
its articles of organization or by operation of law. However, for purposes of obtaining a § 115(1) ruling, a § 501(c)(3)
organization will not satisfy the “distribution of assets upon dissolution requirement” of §115(1) unless its articles of
organization also limit distribution of assets on dissolution (to the extent consistent with § 1.501(c)(3)–1(b)(4)) to one or
more States, political subdivisions of States,
the District of Columbia, or other organizations the income of which is excluded under § 115(1). For purposes of obtaining a
§ 115(1) ruling, the organization may not
January 27, 2003
rely on a provision of state law to satisfy
the distribution of assets upon dissolution
requirement of § 115(1).
SECTION 4. EXAMPLES
.01 Organization A is exempt from federal income tax under § 501(a) as an organization described in § 501(c)(3).
Organization A has a dissolution clause in
its articles of organization that satisfies
Treas. Reg. § 1.501(c)(3)–1(b)(4). Organization A’s articles state that, upon dissolution, any assets remaining after the
payment of debts and the satisfaction of liabilities are to be distributed (1) to an organization described in § 501(c)(3) for one
or more exempt purposes, or (2) to the
United States government, or to a State or
local government, for a public purpose. Organization A requests a letter ruling that its
income is excluded from gross income under § 115(1). Although the dissolution clause
in the articles of Organization A meets the
organizational requirements of § 501(c)(3),
the dissolution clause allows for distribution to entities to which distributions may
not be made under § 115(1). The dissolution clause, therefore, fails to satisfy the distribution of assets upon dissolution
requirement of the accrual test of § 115(1).
In these circumstances, a favorable ruling
on § 115(1) would not be issued.
.02 Organization B is exempt from federal income tax under § 501(a) as an organization described in § 501(c)(3).
Organization B has a dissolution clause in
its articles of organization that satisfies
Treas. Reg. § 1.501(c)(3)–1(b)(4). Organization B’s articles state that, upon dissolution, any assets remaining after the
payment of debts and the satisfaction of liabilities are to be distributed either (1) to
a State or political subdivision thereof for
a public purpose or (2) for one or more exempt purposes to an organization described
in § 501(c)(3) and whose income is also excludable from gross income under § 115(1).
Organization B requests a letter ruling that
its income is excluded from gross income
under § 115(1). The dissolution clause in the
articles of Organization B meets the
requirements of the organizational test of
§ 501(c)(3) and also satisfies the distribution of assets upon dissolution requirement of the accrual test of § 115(1).
.03 Organization C is exempt from federal income tax under § 501(a) as an organization described in § 501(c)(3). Upon
317
dissolution, Organization C’s remaining assets will be distributed by operation of the
law of Organization C’s state of incorporation to a political subdivision of the state
for a public purpose. Organization C requests a letter ruling that its income is excluded from gross income under § 115(1).
Although state law provides a dissolution
distribution scheme that meets the organizational test of Treas. Reg. § 1.501(c)(3)–
1(b)(4), the state’s dissolution provision fails
to satisfy the accrual test of § 115(1) for
purposes of obtaining a § 115(1) letter ruling. In these circumstances, a favorable ruling on § 115(1) would not be issued. To
receive a favorable § 115(1) letter ruling,
Organization C must have articles of organization that contain a provision satisfying the distribution of assets upon
dissolution requirement for the § 115(1) accrual test.
SECTION 5. DRAFTING
INFORMATION
The principal author of this revenue procedure is Sara T. S. Wolff of the Office of
Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities). For further information regarding this
revenue procedure, contact Ms. Wolff at
(202) 622–6080 (not a toll-free call).
26 CFR 601.201: Rulings and determination letters.
Rev. Proc. 2003–13
SECTION 1. PURPOSE
This revenue procedure provides guidance for employers that want to amend their
plans qualified under § 401(a) of the Internal Revenue Code to include “deemed
IRAs” described in § 408(q). The revenue
procedure also provides a sample plan
amendment that may be used, in conjunction with IRA language, to amend a qualified plan to provide for deemed IRAs.
SECTION 2. BACKGROUND
.01 Section 408(q) was added to the
Code by section 602 of the Economic
Growth and Tax Relief Reconciliation Act
of 2001 (“EGTRRA”), Pub. L. 107–16, effective for plan years beginning after December 31, 2002. Section 408(q) provides
2003–4 I.R.B.
that if a qualified employer plan elects to
allow employees to make voluntary employee contributions to a separate account
or annuity established under the plan, and
under the terms of the qualified employer
plan such account or annuity meets the applicable requirements of § 408 or 408A for
an individual retirement account or annuity, then such account or annuity shall be
treated under the Code in the same manner as an IRA and not as a qualified employer plan. The Internal Revenue Service
and Treasury expect to issue regulations under Code § 408(q) in the near future.
.02 Notice 2001–42, 2001–2 C.B. 70,
provides a remedial amendment period under § 401(b), ending no earlier than the end
of the first plan year beginning on or after January 1, 2005, in which any needed
retroactive EGTRRA plan amendment may
be adopted (the “EGTRRA remedial amendment period”). The availability of the
EGTRRA remedial amendment period is
conditioned on the timely adoption of a
good faith EGTRRA plan amendment.
.03 Notice 2001–57, 2001–2 C.B. 279,
provides sample plan amendments that satisfy, in form, the “good faith EGTRRA plan
amendment” requirement described in the
preceding paragraph. Although not containing a sample plan amendment for
deemed IRAs under Code § 408(q), the notice provides that the good faith plan
amendment requirement applies to § 408(q).
The notice also provides that, until further notice, the Service will not consider
EGTRRA in issuing determination, opinion or advisory letters.
.04 Rev. Proc. 2002–10, 2002–4 I.R.B.
401, requires all prototype sponsors with
currently approved IRAs, SEPs, and
SIMPLE IRA plans to amend these documents and submit applications for opinion letters on the amended documents by
December 31, 2002.
SECTION 3. REQUIRED LANGUAGE
FOR DEEMED IRAS
.01 Plan sponsors that want to provide
for deemed IRAs must have such provisions in their plan documents and must have
deemed IRAs in effect for employees no
later than the date deemed IRA contributions are accepted from such employees.
Notwithstanding the preceding sentence,
plan sponsors that want to provide for
deemed IRAs for plan years beginning before January 1, 2004, (but after December 31, 2002) are not required to have such
provisions in their plan documents before
the end of such plan years. Plan sponsors
must otherwise comply with the rules in
Notice 2001–57. To satisfy the requirements for the EGTRRA remedial amendment period, the provisions must reflect a
reasonable, good-faith interpretation of the
statute. The sample plan amendment contained in the appendix to this revenue pro-
cedure, when used in conjunction with IRA
language described in section 3.02 below,
is a reasonable, good-faith interpretation of
the statute.
.02 In addition to the sample plan
amendment in the Appendix, a plan that intends to comply with Code § 408(q) must
also contain language that satisfies § 408 or
408A, relating to traditional and Roth IRAs,
respectively. The Service provides sample
language (a “Listing of Required Modifications,” or “LRMs”) that satisfies §§ 408
and 408A on the Service’s Web Site at
www.irs.gov/ep. A plan will satisfy the “reasonable, good-faith interpretation of the statute” requirement with respect to IRA
language if the language addresses every applicable point in the IRA LRMs.
DRAFTING INFORMATION
The principal author of this revenue procedure is Roger Kuehnle of the Employee
Plans, Tax Exempt and Government Entities Division. For further information regarding this revenue procedure, please
contact Employee Plans’ taxpayer assistance telephone service at 1–877–829–
5500 (a toll-free number), between the hours
of 8:00 a.m. and 6:30 p.m. Eastern Time,
Monday through Friday. Mr. Kuehnle can
be reached at 202–283–9888 (not a tollfree number).
APPENDIX
Sample Plan Amendment
(The following sample plan amendment may be adopted only by plans trusteed by a person eligible to act as a trustee of an IRA
under § 408(a)(2) and plans that designate an insurance company to issue annuity contracts under § 408(b). Additional language
that satisfies § 408 or 408A must also be added to the plan.)
SECTION______ . DEEMED IRAs
1. Applicability and effective date. This section shall apply if elected by the employer in the adoption agreement and shall be
effective for plan years beginning after the date specified in the adoption agreement.
2. Deemed IRAs. Each participant may make voluntary employee contributions to the participant’s ___________ [insert “traditional” or “Roth”] IRA under the plan. The plan shall establish a separate ______________ [insert “account” or “annuity”] for
the designated IRA contributions of each participant and any earnings properly allocable to the contributions, and maintain separate recordkeeping with respect to each such IRA.
2003–4 I.R.B.
318
January 27, 2003
3. Reporting duties. The ___________ [insert “trustee” or “issuer”] shall be subject to the reporting requirements of section 408(i)
of the Internal Revenue Code with respect to all IRAs that are established and maintained under the plan.
4. Voluntary employee contributions. For purposes of this section, a voluntary employee contribution means any contribution (other
than a mandatory contribution within the meaning of section 411(c)(2) of the Code) that is made by the participant and which
the participant has designated, at or prior to the time of making the contribution, as a contribution to which this section applies.
5. IRAs established pursuant to this section shall be held in __________ [insert “a trust” or “an annuity”] separate from the trust
established under the plan to hold contributions other than deemed IRA contributions and shall satisfy the applicable requirements of sections 408 and 408A of the Code, which requirements are set forth in section __________ [insert the section of the
plan that contains the IRA requirements].
(Adoption agreement provisions)
Section _____ of the plan, Deemed IRAs: (check one)
___ shall be effective for plan years beginning after December 31, ____ (enter a year later than 2001).
___ shall not apply.
26 CFR 601.601: Rules and regulations.
(Also Part I, sections 61, 451, 671; 1.61–1; 1.451–1;
1.671–1.)
Rev. Proc. 2003–14
SECTION 1. PURPOSE
This revenue procedure provides a safe
harbor under which the Internal Revenue
Service will treat an Indian tribe as the
grantor and owner of a trust for the receipt of gaming revenues under the Indian Gaming Regulatory Act (25 U.S.C.
§§ 2701–2721) (IGRA) for the benefit of
minors or legal incompetents. In addition,
under this revenue procedure, beneficiaries of an IGRA trust will not be required
to include amounts in gross income when
transferred to, or earned by, the IGRA trust
under the economic benefit doctrine. Rather,
beneficiaries will include amounts in income when actually or constructively received.
SECTION 2. BACKGROUND
.01 Indian tribes and their members have
requested guidance on determining the taxable years in which beneficiaries must include in gross income amounts transferred
to, or earned by, an IGRA trust. In addition, Indian tribes have requested guid-
January 27, 2003
ance about the situations in which a tribe
will be considered the grantor and owner
of an IGRA trust.
.02 Under § 451 of the Internal Revenue Code (Code) and §§ 1.451–1(a) and
1.451–2 of the Income Tax Regulations, a
taxpayer using the cash receipts and disbursements method of accounting must include gains, profits, and income in gross
income for the taxable year in which those
items are actually or constructively received. In addition, under the economic benefit doctrine, a taxpayer using the cash
receipts and disbursements method of accounting must include in gross income currently any financial or economic benefit
derived from the absolute right to receive
property in the future that has been irrevocably and unconditionally set aside for
the taxpayer in a trust or fund. Sproull v.
Commissioner, 16 T.C. 244 (1951), aff’d per
curiam, 194 F.2d 541 (6th Cir. 1952);
Pulsifer v. Commissioner, 64 T.C. 245
(1975).
.03 Section 671 provides that, where it
is specified under subpart E, part I, subchapter J, chapter 1, subtitle A of the Code
(“subpart E”) that the grantor or another
person shall be treated as the owner of any
portion of a trust, there shall be included
in computing the taxable income and credits of the grantor or the other person those
items of income, deductions, and credits
against tax of the trust that are attribut-
319
able to that portion of the trust to the extent that such items would be taken into
account under chapter 1 in computing taxable income or credits against the tax of an
individual. Section 672 provides definitions and rules for purposes of subpart E.
Subpart E and the accompanying regulations define the circumstances under which
a grantor is treated as the owner of all or
a portion of a subpart E trust.
.04 IGRA provides rules regarding the
conduct of class II and class III gaming on
Indian lands within an Indian tribe’s jurisdiction and an Indian tribe’s use of revenues from that gaming. Under IGRA, net
revenues from any class II and class III
gaming activities conducted or licensed by
any Indian tribe may be used to make per
capita payments to members of the Indian tribe only if: (A) the Indian tribe has
prepared a plan to allocate revenues to authorized uses; (B) the Secretary of the Interior approves the plan as adequate; (C) the
interests of minors and other legally incompetent persons who are entitled to receive any of the per capita payments are
protected and preserved and the per capita
payments are disbursed to the parents or legal guardians of the minors or legal incompetents in such amounts as may be
necessary for the health, education, or welfare of the minors or other legally incompetent persons under a plan approved by the
Secretary of the Interior and the govern-
2003–4 I.R.B.
ing body of the Indian tribe; and (D) the
per capita payments are subject to federal taxation and the Indian tribe notifies
members of that tax liability when payments are made. Section 11(b)(3) and
(d)(1)(A) of IGRA, 25 U.S.C. § 2710(b)(3)
and (d)(1)(A).
SECTION 3. SCOPE
This revenue procedure applies to each
Indian tribe, each IGRA trust, and each beneficiary of an IGRA trust.
SECTION 4. DEFINITIONS
For purposes of this revenue procedure:
.01 Indian tribe. The term “Indian tribe”
has the same meaning as in 25 U.S.C.
§ 2703(5).
.02 IGRA trust. An “IGRA trust” is a
trust that an Indian tribe establishes under IGRA to receive and invest per capita
payments for its members who are minors or legal incompetents pending distribution of the trust assets to those members
after they attain the age of majority or cease
to be legal incompetents.
.03 Minor and legal incompetent. The
terms “minor” and “legal incompetent” have
the same meaning as in 25 CFR § 290.2 (relating to review of Indian tribal revenue allocation plans adopted under IGRA).
.04 Per capita payment. The term “per
capita payment” has the same meaning as
in 25 CFR § 290.2, but in no event shall
the term include compensation for services.
SECTION 5. APPLICATION
.01 In general. For any period in which
all of the requirements of section 5.02 of
this revenue procedure are met:
(1) The Indian tribe that establishes (or
has established) an IGRA trust will be
treated as the grantor and owner of the trust
under subpart E, and
(2) The beneficiaries of an IGRA trust
will not be required to include per capita
payments received by the trust, and any
earnings on the per capita payments, in
gross income until the taxable year that the
beneficiaries actually or constructively receive the amounts under § 451 and the
regulations thereunder.
.02 Requirements for IGRA trusts.
(1) The Indian tribe has complied with
the requirements of § 11(b)(3) of IGRA, 25
U.S.C. § 2710(b)(3), regarding the dis-
2003–4 I.R.B.
bursement of per capita payments to members of the Indian tribe.
(2) All contributions to the trust are per
capita payments disbursed under a revenue allocation plan that complies with the
requirements of § 11(b)(3) of IGRA, 25
U.S.C. § 2710(b)(3).
(3) All beneficiaries of the trust are
members of the Indian tribe that establishes the trust.
(4) Each trust beneficiary is a minor or
legal incompetent at the time of the establishment of a trust interest for the beneficiary, and all contributions to the trust with
respect to that beneficiary are made for the
period that the beneficiary is a minor or legal incompetent.
(5) The trust is a valid trust under applicable federal, state, local, and tribal law
and all of the material terms and provisions of the trust are enforceable under those
laws.
(6) The governing trust instrument states
that the trust is intended to be a grantor
trust, that the Indian tribe is the grantor of
the trust (within the meaning of subpart E),
and that the trust shall be construed accordingly.
(7) The governing trust instrument grants
to the Indian tribe a power, an interest, or
a combination thereof, described in §§ 673
through 677, that would cause the Indian
tribe to be treated as owner of the trust under subpart E.
(8) The governing trust instrument provides that—
(a) trust assets are not available to a
beneficiary until the beneficiary attains a
specified age or ceases to be a legal incompetent, except for distributions for the
health, education, or welfare of the beneficiary made at the sole discretion of the
trustee pursuant to the governing trust instrument;
(b) beneficiaries shall have no preferred claim on, or any beneficial ownership interest in, any assets of the trust; any
rights created under the trust instrument
shall be mere unsecured contractual rights
of beneficiaries against the Indian tribe; and
at all times during the continuance of the
trust, the principal and income of the trust
shall be subject to claims of general creditors of the Indian tribe under applicable federal, state, local, and tribal law;
(c) the trustee shall cease payments to
beneficiaries and shall hold the assets of the
trust for the benefit of the Indian tribe’s
320
general creditors throughout any period during which the trustee believes or has reason to believe that the Indian tribe is unable
to pay its debts as they become due, or is
subject to a pending insolvency or bankruptcy proceeding;
(d) amounts payable to beneficiaries
under the governing trust instrument may
not be anticipated, assigned (either at law
or in equity), alienated, pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal or
equitable process; and
(e) the beneficiary’s share will be paid
to the Indian tribe if the beneficiary dies
prior to attaining the specified age or legal competency, or alternatively the beneficiary dies prior to attaining the specified
age or legal competency without one or
more of the following relatives surviving:
a spouse, parent, child, or sibling.
SECTION 6. AMPLIFICATION OF
REV. PROC. 2003–3
.01 This revenue procedure amplifies
section 4.01 of Rev. Proc. 2003–3, 2003–1
I.R.B. 113, relating to areas in which ruling letters or determination letters will not
ordinarily be issued, by adding the following new paragraphs:
Section 451.—General Rule for Taxable Year of Inclusion—The income tax
consequences as a result of being a beneficiary of a trust that an Indian tribe (as
defined in 25 U.S.C. § 2703(5)) establishes to receive and invest per capita
payments for its members who are minors or legal incompetents under the Indian Gaming Regulatory Act (25 U.S.C.
§§ 2701–2721), if the trust meets the requirements of section 5.02 of Rev. Proc.
2003–14.
Sections 671 through 679.—Grantors and
Others Treated as Substantial Owners–
Whether an Indian tribe (as defined in
25 U.S.C. § 2703(5)) that establishes a
trust to receive and invest per capita
payments for its members who are minors or legal incompetents under the Indian Gaming Regulatory Act (25 U.S.C.
§§ 2701–2721) is the grantor and owner
of the trust, if the trust meets the requirements of section 5.02 of Rev. Proc.
2003–14.
.02 This revenue procedure also amplifies section 5 of Rev. Proc. 2003–3, relating to areas in which rulings or
January 27, 2003
determination letters will not be issued until the Service resolves the issue through
publication of a revenue ruling, revenue procedure or otherwise, by adding the following new paragraphs:
Section 451.—General Rule for Taxable Year of Inclusion—The income tax
consequences as a result of being a beneficiary of a trust that an Indian tribe (as
defined in 25 U.S.C. § 2703(5)) establishes to receive and invest per capita
payments for its members (regardless of
whether they are minors or legal incompetents) under the Indian Gaming Regulatory Act (25 U.S.C. §§ 2701–2721) if
the trust does not meet the requirements
of section 5.02 of Rev. Proc. 2003–14.
Sections 671 through 679.—Grantors and
Others Treated as Substantial Owners—
Whether an Indian tribe (as defined in
25 U.S.C. § 2703(5)) that establishes a
trust to receive and invest per capita
payments for its members (regardless of
whether they are minors or legal incompetents) under the Indian Gaming Regulatory Act (25 U.S.C. §§ 2701–2721) is
the grantor and owner of the trust if the
trust does not meet the requirements of
section 5.02 of Rev. Proc. 2003–14.
SECTION 7. EFFECTIVE DATES
This revenue procedure (except section 6) is effective for taxable years beginning after December 31, 2001. Section 6 of
this revenue procedure applies to requests
for rulings received or pending in the national office on or after January 6, 2003.
SECTION 8. EFFECT ON OTHER
DOCUMENTS
Rev. Proc. 2003–3 is amplified.
REQUEST FOR COMMENTS
The Service requests comments on this
revenue procedure and on the application
of the economic benefit doctrine to IGRA
trusts that are not within the scope of this
revenue procedure. Specifically, the Service requests comments concerning the type
of trust provisions that preclude the application of the economic benefit doctrine.
Comments should be submitted by April
28, 2003, either to:
Internal Revenue Service
P.O. Box 7604
Ben Franklin Station
January 27, 2003
Washington, DC 20044
Attn: CC:PA:T:CRU (CC:ITA:4)
Room 5529
or electronically at: Notice.Comments@
irscounsel.treas.gov (the Service’s comments e-mail address). All comments are
available for public inspection and copying.
DRAFTING INFORMATION
The principal author of this revenue procedure is Elizabeth Kaye of the Office of
the Associate Chief Counsel (Income Tax
and Accounting). For further information regarding this revenue procedure, contact
Ms. Kaye at (202) 622–4920 (not a tollfree call).
26 CFR 601.201: Rulings and determination letters.
(Also Part I, sections 25, 103, 143, 1.25.4T, 1.103–1,
6A.103A–2.)
Rev. Proc. 2003–15
SECTION 1. PURPOSE
This revenue procedure provides issuers of qualified mortgage bonds, as defined in section 143(a) of the Internal
Revenue Code, and issuers of mortgage
credit certificates, as defined in section
25(c), with a list of qualified census tracts
for each state and the District of Columbia.
SECTION 2. BACKGROUND
.01 Section 103(a) of the Code provides that, except as provided in section
103(b), gross income does not include interest on any state or local bond. Section
103(b)(1) provides that section 103(a) shall
not apply to any private activity bond that
is not a “qualified bond” within the meaning of section 141. Section 141(e) provides that the term “qualified bond” includes
any private activity bond if that bond: (1)
is a qualified mortgage bond; (2) meets the
volume cap requirements under section 146;
and (3) meets the applicable requirements
under section 147.
.02 Section 143(a)(1) of the Code provides that the term “qualified mortgage
bond” means a bond which is issued as part
of a “qualified mortgage issue”. Section
143(a)(2)(A) provides that the term “qualified mortgage issue” means an issue by a
321
state or political subdivision thereof of one
or more bonds but only if: (i) all proceeds
of the issue (exclusive of issuance costs and
a reasonably required reserve) are to be used
to finance owner occupied residences; (ii)
the issue meets the requirements of subsections (c), (d), (e), (f), (g), (h), (i), and
(m)(7); (iii) the issue does not meet the private business tests of paragraphs (1) and (2)
of section 141(b); and (iv) with respect to
amounts received more than 10 years after the date of issuance, repayments of
$250,000 or more of principal on financing provided by the issue are used not later
than the close of the first semi-annual period beginning after the date the prepayment (or complete repayment) is received
to redeem bonds that are part of the issue.
.03 An issue of bonds meets the requirements of subsection (h) of section 143 of
the Code only if at least 20 percent of the
proceeds of the issue is made available for
owner financing of “targeted area residences” for at least 1 year after the date on
which owner financing is first made available with respect to targeted area residences. Subsection (h)(2) provides, however,
that the amount made available need not exceed 40 percent of the average annual aggregate principal amount of mortgages
executed during the immediately preceding 3 calendar years for single-family, owner
occupied residences located in targeted areas within the jurisdiction of the issuing authority.
.04 Targeted area residences are defined in section 143(j)(1)(A) to include residences in a qualified census tract. A
“qualified census tract,” according to section 143(j)(2)(A), is a census tract in which
70 percent or more of the families have income that is 80 percent or less of the statewide median family income. Section
143(j)(2)(B) of the Code provides that the
determination that a census tract is a “qualified census tract” must be based on the
most recent decennial census for which data
are available. The last list of qualified census tracts, published in Rev. Proc. 93–38,
1993–2 C.B. 483, was based on the 1990
Census.
.05 Section 6a.103A–2(b)(4)(ii) of the
Temporary Income Tax Regulations provides that, with respect to any particular
bond issue, the determination that a census tract is a “qualified census tract” may
be based upon the decennial census data
2003–4 I.R.B.
available 3 months prior to the date of issuance and shall not be affected by official changes to the data during or after that
3-month period.
.06 Section 143(k)(2)(A) of the Code
provides that the term “statistical area”
means (i) a metropolitan statistical area
(“MSA”), and (ii) any county (or the portion thereof) that is not within an MSA.
.07 An MSA is currently defined as an
area containing at least one urbanized area
with a population of at least 50,000, plus
adjacent outlying counties having a high degree of social and economic integration with
the central county as measured through
commuting. See Office of Management and
Budget (“OMB”), Standards for Defining
Metropolitan and Micropolitan Statistical
Areas; Notice, 65 FR 249, December 27,
2003–4 I.R.B.
2000. (New area definitions based on Census 2000 will be released by OMB in 2003).
.08 A state or local government may
elect to exchange all or part of its qualified mortgage bond authority for authority to issue mortgage credit certificates. In
general, the recipient of a mortgage credit
certificate may claim a federal income tax
credit equal to the product of the certificate credit rate and the interest paid or accrued during the tax year on the remaining
principal of the certified indebtedness
amount. Section 25(c)(2)(A)(iii)(V) of the
Code provides that the indebtedness certified by mortgage credit certificates must
meet the requirements of section 143(h)
concerning the portion of loans to be placed
in targeted areas.
322
.09 The list of qualified census tracts is
developed by HUD for publication by the
service. HUD’s determination is based upon
decennial census data received by HUD
from the Bureau of the Census.
SECTION 3. APPLICATION
The qualified census tracts for each state
and the District of Columbia as listed below are based on the 2000 census. In 2000,
the Bureau of the Census has provided data
for all areas, not only the metropolitan statistical areas. Thus, the list of qualified census tracts includes tracts in Block numbering
areas (BNA) in nonmetropolitan counties
as well as tracts in Metropolitan Statistical Areas (MSA).
January 27, 2003
State and County or
County Equivalent
Qualified Census Tracts
ALABAMA
Butler County................................................................................................
Calhoun County ............................................................................................
Dallas County ...............................................................................................
Etowah County .............................................................................................
Houston County ............................................................................................
Jefferson County ...........................................................................................
Perry County .................................................................................................
Russell County..............................................................................................
Tuscaloosa County........................................................................................
Wilcox County ..............................................................................................
953100
000500
996400
000700
040600
000300
002700
003900
010302
010300
040700
000201
002100
000401
001400
004000
004600
000100
001000
987200
030200
011200
994700
ALASKA
Anchorage Municipality ...............................................................................
Bethel Census Area.......................................................................................
Fairbanks North Star Borough .....................................................................
Kenai Peninsula Borough .............................................................................
Skagway-Hoonah-Angoon Census Area ......................................................
Wade Hampton Census Area........................................................................
Yukon-Koyukuk Census Area ......................................................................
000600
000100
001100
000100
000200
000100
000100
001000
000300
001800
940100
944200
000600
000800
940200
940500
020100
061400
108601
110701
112507
113202
113601
114200
114500
942600
944300
000900
001000
940400
Lauderdale County........................................................................................
Lee County....................................................................................................
Madison County............................................................................................
Mobile County ..............................................................................................
Montgomery County.....................................................................................
ARIZONA
Apache County .............................................................................................
Cochise County.............................................................................................
Coconino County ..........................................................................................
Gila County...................................................................................................
Graham County.............................................................................................
La Paz County ..............................................................................................
Maricopa County ..........................................................................................
January 27, 2003
323
000600
996500
001400
000500
002900
004500
000700
003200
005101
001500
003400
010100
041600
001200
001600
010700
040800
001100
002501
000402
001501
004100
004800
000200
001100
000600
001502
004200
001200
002700
004300
000300
001200
000600
003000
030800
011701
011800
000400
020500
092900
108602
111202
112602
113203
113700
114302
114701
942700
944100
941100
944500
103306
109000
111203
112800
113300
113800
114401
114702
107201
110200
111602
113201
113500
113900
114402
114703
2003–4 I.R.B.
State and County or
County Equivalent
Qualified Census Tracts
ARIZONA (cont.)
Maricopa County (cont.) ..............................................................................
Mohave County.............................................................................................
Navajo County ..............................................................................................
Pima County .................................................................................................
Santa Cruz County........................................................................................
Yuma County ................................................................................................
ARKANSAS
Craighead County .........................................................................................
Crittenden County.........................................................................................
Jefferson County ...........................................................................................
Miller County................................................................................................
Phillips County .............................................................................................
Pulaski County..............................................................................................
Washington County.......................................................................................
CALIFORNIA
Alameda County ...........................................................................................
Butte County .................................................................................................
Contra Costa County ....................................................................................
Fresno County...............................................................................................
Humboldt County .........................................................................................
2003–4 I.R.B.
324
114800
115801
941000
940400
940300
944500
000100
002100
002801
004104
940600
941200
996402
000301
000700
000602
030501
001300
020400
980500
000900
010900
401300
401800
402600
403000
420400
000604
003000
328000
000100
000500
000900
001202
001500
002400
002701
003001
004404
005403
006500
007800
008402
000100
114900
115900
941100
951700
941000
944700
001000
002300
002802
004111
940700
115200
116100
115300
116602
951800
942400
944800
001301
002400
003702
004900
940800
001302
002601
003801
005100
941100
000302
001300
000401
011401
000402
011600
944400
030502
020600
001700
002800
401400
402100
402700
403300
422800
001000
003200
365002
000200
000600
001000
001301
002000
002501
002702
003102
004704
005602
006801
008200
401600
402200
402800
405400
401700
402500
402900
407500
002800
002900
379000
000300
000700
001100
001302
002100
002502
002800
003300
004800
005604
006802
008301
000400
000800
001201
001405
002300
002601
002902
003400
005202
006200
007100
008302
000200
January 27, 2003
State and County or
County Equivalent
Qualified Census Tracts
CALIFORNIA (cont.)
Imperial County ............................................................................................
Kern County..................................................................................................
Kings County ................................................................................................
Lake County..................................................................................................
Los Angeles County .....................................................................................
January 27, 2003
325
010400
012302
000200
001101
001202
001600
002301
002812
004102
004800
005900
006401
000300
001300
000500
104701
117510
120101
123204
124202
128302
183810
190400
190800
191110
191204
191500
191720
192610
195710
197420
199120
199800
203300
203720
204410
204810
206010
206300
208000
208620
208902
209102
209402
209810
211200
211801
212100
212303
011400
012400
000300
001102
001300
002000
002302
003000
004402
004901
006202
006402
000900
001400
000700
106404
117530
120102
123205
127220
128303
183820
190510
190901
191120
191300
191610
191810
192620
195720
197600
199201
199900
203500
204120
204420
204910
206020
207100
208300
208710
208903
209200
209403
209820
211310
211802
212202
212304
011500
012500
000400
001103
001400
002100
002500
003400
004500
005202
006301
001002
001701
000800
117405
119340
122410
123206
127520
134305
186401
190520
190902
191201
191410
191620
191820
192700
195802
197700
199400
203100
203600
204200
204600
205110
206030
207300
208400
208720
208904
209300
209510
210010
211320
211910
212203
212305
012100
000600
001201
001500
002200
002600
004000
004700
005300
006302
001100
117406
120030
123203
123410
128210
183520
190200
190700
191000
191203
191420
191710
192520
195600
197300
199000
199700
203200
203710
204300
204700
205120
206200
207710
208500
208800
209101
209401
209520
211110
211410
211920
212204
212306
2003–4 I.R.B.
State and County or
County Equivalent
Qualified Census Tracts
CALIFORNIA (cont.)
Los Angeles County (cont.)..........................................................................
2003–4 I.R.B.
326
212410
212620
213310
218120
221110
221302
221710
222500
224020
224410
226000
227010
228220
228420
228720
229300
231210
231710
232110
232600
235202
237100
237710
239200
239600
240020
240500
240900
242100
242700
269600
294700
294900
302201
402702
432801
433403
481714
530901
531301
532605
532900
533105
533401
533601
533902
534301
535000
535501
212420
212900
213320
218210
221120
221400
221810
222600
224200
224420
226410
227020
228310
228500
228800
229410
231220
231720
232120
232700
236100
237200
237720
239310
239700
240200
240600
241000
242200
243000
275520
294810
296210
302501
402801
432802
433502
482303
531101
531602
532606
533000
533107
533403
533702
534001
534404
535101
535503
212500
213201
213401
218800
221220
221500
221820
222700
224310
224600
226420
228100
228320
228600
228900
229420
231300
231800
232400
232800
236201
237500
238310
239330
239800
240300
240700
241120
242300
243100
291120
294820
296220
402302
402802
433301
433901
482304
531201
531702
532700
533103
533201
533501
533801
534102
534405
535200
535605
212610
213202
213402
218900
221301
221600
222200
224010
224320
224700
226700
228210
228410
228710
229200
231100
231600
231900
232500
234900
236202
237600
238320
239500
240010
240400
240800
241400
242600
265301
293202
294830
297110
402501
408800
433402
462000
504102
531202
531800
532800
533104
533300
533503
533901
534201
534406
535300
535606
January 27, 2003
State and County or
County Equivalent
Qualified Census Tracts
CALIFORNIA (cont.)
Los Angeles County (cont.)..........................................................................
Madera County .............................................................................................
Mendocino County .......................................................................................
Merced County .............................................................................................
Monterey County ..........................................................................................
Orange County..............................................................................................
Riverside County ..........................................................................................
Sacramento County.......................................................................................
San Bernardino County ................................................................................
January 27, 2003
327
540000
540600
541603
542601
570603
572900
573202
575103
575401
575802
576000
576402
576503
600201
601100
601700
602501
900704
910501
000601
011600
000504
001302
001602
001000
074403
075002
030300
040203
041703
042211
042710
043308
043503
044101
044509
045301
045605
000500
001100
002700
004402
005002
006202
006800
008800
001400
003700
004800
540202
540700
541604
542602
571600
573001
573300
575201
575402
575803
576200
576403
576901
600202
601211
601802
602502
900806
910502
000602
540400
541400
541605
570203
572500
573002
575101
575202
575500
575901
576300
576501
576902
600301
601501
601900
602503
910402
540502
541500
541606
570304
572800
573201
575102
575300
575801
575902
576401
576502
600100
600602
601600
602105
900602
910403
000800
000900
001003
001502
001901
001300
074405
075003
030400
040204
041704
042504
042723
043401
043507
044503
044510
045400
045705
000700
001300
002800
004500
005201
006400
007300
009110
001500
004201
004900
001005
001503
002201
001301
001601
074406
075004
030502
041500
042202
042505
042800
043403
043600
044506
044915
045502
045706
000900
001800
003700
004602
005300
006600
007413
074902
089104
030503
041600
042209
042515
043006
043405
044000
044507
045207
045604
940100
001000
002100
004203
004903
005506
006702
007503
001600
004202
005000
003402
004700
005400
2003–4 I.R.B.
State and County or
County Equivalent
Qualified Census Tracts
CALIFORNIA (cont.)
San Bernardino County (cont.) ....................................................................
San Diego County.........................................................................................
San Francisco County...................................................................................
San Joaquin County......................................................................................
San Luis Obispo County ..............................................................................
Santa Barbara County...................................................................................
Santa Clara County.......................................................................................
Shasta County ...............................................................................................
Siskiyou County............................................................................................
Stanislaus County .........................................................................................
Sutter County ................................................................................................
Trinity County...............................................................................................
Tulare County ...............................................................................................
Ventura County .............................................................................................
2003–4 I.R.B.
328
005500
006202
006500
007107
009400
010414
000900
001800
002302
002601
002709
003404
003603
004100
004700
005100
006200
010015
011400
011802
014400
015802
019501
010700
011700
016100
060700
000100
000600
001900
003309
010901
002304
002911
500902
011200
000200
000803
002100
003908
050102
000300
000302
001004
002008
002901
003802
004102
002300
005600
006302
006800
007407
009800
940100
001200
002201
002401
002602
002710
003501
003901
004501
004800
005600
006600
010112
011500
012500
015701
015901
020009
011300
011800
023103
005800
006401
006900
007408
010014
940500
001600
002202
002402
002707
003302
003601
003902
004502
004900
005700
010012
010401
011601
013103
015703
018200
020207
011400
012400
060300
005900
006402
007000
007601
010402
001700
002301
002501
002708
003303
003602
004000
004600
005000
005800
010013
010502
011602
013206
015801
018400
020212
011500
012500
060502
000300
000700
002200
003406
000402
000800
002300
003407
000500
001700
003308
004401
002403
002912
002404
002702
001700
003802
001800
003906
000600
001200
002601
003100
003902
004300
004706
000702
001601
002800
003200
004101
004400
005002
012000
001604
002200
050202
000501
001100
002202
003001
003901
004200
004301
January 27, 2003
State and County or
County Equivalent
Qualified Census Tracts
CALIFORNIA (cont.)
Yolo County ..................................................................................................
Yuba County .................................................................................................
010101
040100
010203
040300
010501
040400
007800
009606
004950
007300
984600
012300
000100
974800
982600
989600
000600
001600
003602
005103
002200
004009
980600
961600
000600
000100
000300
941000
987700
000200
000200
001000
001400
002100
002600
976800
977700
000100
000701
007900
008952
009320
006501
007040
007202
000702
001900
004101
008313
002300
004400
000800
002403
004404
001101
002701
004502
002800
005201
002900
006100
000602
000700
COLORADO
Adams County ..............................................................................................
Arapahoe County ..........................................................................................
Baca County..................................................................................................
Boulder County.............................................................................................
Chaffee County .............................................................................................
Conejos County.............................................................................................
Costilla County .............................................................................................
Crowley County............................................................................................
Denver County..............................................................................................
El Paso County .............................................................................................
Huerfano County...........................................................................................
Lake County..................................................................................................
Larimer County.............................................................................................
Las Animas County ......................................................................................
Mesa County .................................................................................................
Montezuma County.......................................................................................
Otero County.................................................................................................
Prowers County.............................................................................................
Pueblo County...............................................................................................
Rio Grande County.......................................................................................
Saguache County ..........................................................................................
Weld County .................................................................................................
CONNECTICUT
Fairfield County............................................................................................
Hartford County............................................................................................
January 27, 2003
329
022200
070600
071200
071700
073600
074000
415900
417100
500100
982700
988000
000500
000600
001100
001800
002200
002901
000700
001200
001900
002300
000800
001300
002000
002400
000200
000800
000500
001002
000600
044100
070900
071300
071900
073700
074300
416100
417300
500200
070300
071000
071400
073200
073800
074400
416200
480600
500300
070500
071100
071600
073500
073900
416600
490200
500400
2003–4 I.R.B.
State and County or
County Equivalent
Qualified Census Tracts
CONNECTICUT (cont.)
Hartford County (cont.) ................................................................................
Litchfield County..........................................................................................
Middlesex County.........................................................................................
New Haven County ......................................................................................
New London County ....................................................................................
Windham County ..........................................................................................
DELAWARE
New Castle County.......................................................................................
DISTRICT OF COLUMBIA
District of Columbia .....................................................................................
FLORIDA
Alachua County ............................................................................................
Bay County ...................................................................................................
Brevard County.............................................................................................
Broward County............................................................................................
Collier County...............................................................................................
Duval County................................................................................................
Escambia County ..........................................................................................
Hillsborough County.....................................................................................
2003–4 I.R.B.
330
500500
501200
501700
502600
503000
503400
504100
310300
541100
140200
140600
141500
142400
170300
350200
350800
352200
690100
696800
800600
500900
501300
501800
502700
503100
503500
504300
501000
501400
502400
502800
503200
503700
504700
501100
501500
502500
502900
503300
503800
504900
541600
140300
140700
141600
142500
171000
350300
351200
541800
140400
140800
142100
170100
171500
350400
351400
140500
141300
142300
170200
350100
350500
351700
690300
702202
690400
702500
690500
000100
001700
002300
000700
001900
014501
000800
002000
000900
002200
004700
007200
007408
008904
009806
004901
007401
007504
009602
009808
006002
007404
008803
009801
009904
006400
007406
008804
009802
000200
001502
001800
060700
030301
041600
100500
011204
000400
001600
002901
000400
002000
000700
003400
000600
001902
000901
000902
041400
060303
041500
080500
001300
001800
001500
002600
001700
001800
003000
003900
003200
004000
062600
030402
041700
011205
001000
001700
011500
001500
001800
003600
January 27, 2003
State and County or
County Equivalent
Qualified Census Tracts
FLORIDA (cont.)
Hillsborough County (cont.).........................................................................
Lee County....................................................................................................
Leon County .................................................................................................
Marion County..............................................................................................
Miami-Dade County .....................................................................................
Orange County..............................................................................................
Palm Beach County ......................................................................................
Pinellas County .............................................................................................
Polk County ..................................................................................................
St. Lucie County...........................................................................................
Seminole County...........................................................................................
Volusia County..............................................................................................
GEORGIA
Ben Hill County............................................................................................
Bibb County..................................................................................................
Burke County................................................................................................
Carroll County ..............................................................................................
Chatham County ...........................................................................................
Clarke County ...............................................................................................
Clay County ..................................................................................................
Cobb County .................................................................................................
Colquitt County.............................................................................................
Decatur County .............................................................................................
January 27, 2003
331
004300
000302
000500
001200
001700
000408
000903
001501
001803
002001
002402
003001
003400
003702
005201
005402
010206
011001
010400
011702
001404
002600
008301
020500
021200
010100
012004
000100
020500
081500
960400
010100
010700
011400
013000
950400
990502
000100
001800
002400
010101
000100
030200
960100
030800
970300
970400
010807
000502
000600
001400
001800
000503
001004
001502
001901
002003
002500
003003
003601
003907
005202
005703
010602
011300
010500
011901
001909
006801
010808
000600
001001
002001
012900
001101
002002
000703
001401
001702
001903
002004
002600
003004
003602
004402
005301
006602
010800
000803
001402
001801
001904
002401
002800
003100
003701
004901
005302
009310
010900
010600
014502
002200
008201
011400
020700
021300
010200
013300
000200
020900
021600
011000
013701
000300
021000
081900
082000
082100
010400
011100
011500
010500
011200
012700
010600
011300
012900
000601
001900
002800
001100
002000
003200
001200
002300
004400
000400
000900
001900
002400
008202
011201
950800
2003–4 I.R.B.
State and County or
County Equivalent
Qualified Census Tracts
GEORGIA (cont.)
DeKalb County .............................................................................................
Dougherty County.........................................................................................
Evans County................................................................................................
Floyd County ................................................................................................
Fulton County ...............................................................................................
Glynn County................................................................................................
Hall County...................................................................................................
Hancock County ...........................................................................................
Houston County ............................................................................................
Laurens County.............................................................................................
Liberty County..............................................................................................
Lowndes County ...........................................................................................
Mitchell County ............................................................................................
Muscogee County .........................................................................................
Richmond County .........................................................................................
Screven County.............................................................................................
Spalding County ...........................................................................................
Stewart County .............................................................................................
Terrell County ...............................................................................................
Thomas County.............................................................................................
Tift County....................................................................................................
Ware County .................................................................................................
HAWAII
Honolulu County...........................................................................................
2003–4 I.R.B.
332
020600
000100
001200
001500
970300
001500
000800
002100
002500
003500
004100
004800
005700
006602
007002
007400
008301
008601
010900
000700
000800
980100
020400
950300
010100
010500
011302
980300
000300
001500
002400
003000
011000
000200
000900
010300
970200
160400
950200
980300
960100
990600
950400
022100
000200
001300
010302
023802
000300
001401
010601
001000
002200
002600
003700
004300
005501
006200
006700
007100
007601
008302
008602
011000
000800
001700
002300
002800
003800
004400
005502
006300
006802
007200
007808
008400
008701
011201
001900
002400
003300
003900
004600
005600
006400
006900
007300
008202
008500
008702
010800
010900
011000
000500
001600
002500
003200
001300
001800
002700
003400
001400
002200
002800
010800
000300
001300
010400
000600
001400
010504
000700
001500
010600
950700
950800
003900
005800
009501
010801
005200
006202
009502
005400
006302
009503
000800
001402
010700
980200
950900
005700
008610
009505
January 27, 2003
State and County or
County Equivalent
Qualified Census Tracts
HAWAII (cont.)
Kalawao County ...........................................................................................
Kauai County ................................................................................................
Maui County .................................................................................................
031900
041000
031300
IDAHO
Canyon County .............................................................................................
Owyhee County ............................................................................................
020200
940300
ILLINOIS
Adams County ..............................................................................................
Alexander County .........................................................................................
Champaign County .......................................................................................
Cook County .................................................................................................
January 27, 2003
333
000400
957900
000100
005300
031200
080500
222600
230200
231500
240600
242700
260300
260700
270500
271200
280500
281000
282700
283900
290200
290600
291100
291500
291900
300200
300900
301400
310600
311200
340600
351100
360200
370200
380500
381300
381700
390400
400500
410400
420700
000700
000800
000300
006000
031500
080800
222800
230300
231600
240700
251700
260400
260800
270600
271300
280600
281300
283500
284000
290300
290700
291200
291600
292000
300400
301000
301500
310800
320400
350200
351400
360300
370400
380600
381400
381800
400100
400600
420400
420800
000700
005200
031600
081900
222900
230900
231700
241000
251900
260500
270200
270700
271400
280800
281400
283600
284100
290400
290900
291300
291700
292200
300700
301200
310100
310900
330300
350400
351500
360400
380100
380700
381500
382000
400200
400700
420500
420900
050400
222300
230100
231100
240100
241100
260100
260600
270300
271100
280400
280900
281500
283800
284200
290500
291000
291400
291800
300100
300800
301300
310500
311000
340400
350600
360100
370100
380200
380800
381600
390300
400300
400800
420600
421100
2003–4 I.R.B.
State and County or
County Equivalent
Qualified Census Tracts
ILLINOIS (cont.)
Cook County (cont.) .....................................................................................
Crawford County ..........................................................................................
DeKalb County .............................................................................................
Franklin County ............................................................................................
Greene County ..............................................................................................
Jackson County .............................................................................................
Jefferson County ...........................................................................................
Kane County .................................................................................................
Kankakee County..........................................................................................
Lake County..................................................................................................
McDonough County .....................................................................................
McLean County ............................................................................................
Macon County...............................................................................................
Madison County............................................................................................
Marion County..............................................................................................
Peoria County ...............................................................................................
Rock Island County ......................................................................................
St. Clair County ............................................................................................
Saline County................................................................................................
Sangamon County.........................................................................................
Stephenson County .......................................................................................
Vermilion County..........................................................................................
White County................................................................................................
Will County...................................................................................................
Winnebago County .......................................................................................
2003–4 I.R.B.
334
430300
440100
460600
461000
540100
610400
611200
611800
630100
670800
671200
680200
680600
681100
690200
710200
826901
980400
001000
041000
973900
011100
050900
853700
011000
862300
010500
000200
000100
000800
400300
952500
000100
000600
001200
020600
500400
502200
502800
955500
000800
001600
000700
000100
958000
881900
001000
002400
430500
440800
460700
490200
560200
610500
611300
611900
670200
670900
671500
680300
680700
681200
690300
710900
826902
430700
460100
460800
491400
610200
610600
611400
612000
670300
671000
671700
680400
680900
681300
690700
821500
829000
431300
460200
460900
500200
610300
611100
611700
612100
670600
671100
680100
680500
681000
690100
710100
826800
829100
001100
001200
011200
051000
011300
011400
011600
862605
012300
862700
862902
000300
000900
400700
000600
001000
400901
000700
000200
000700
001300
022300
500500
502401
504201
000300
000800
001500
022600
500600
502500
504500
000500
000900
000900
001700
001400
002400
000200
000300
882000
001100
002500
001300
002600
023600
500900
502700
001500
002802
002100
002800
January 27, 2003
State and County or
County Equivalent
Qualified Census Tracts
INDIANA
Allen County.................................................................................................
Delaware County ..........................................................................................
Wayne County...............................................................................................
001600
000100
000600
002600
070200
976300
010202
012200
031000
040200
000500
330801
350900
352800
354400
355700
000201
002800
005500
001900
000100
010500
000200
IOWA
Black Hawk County .....................................................................................
Dubuque County ...........................................................................................
Johnson County.............................................................................................
Polk County ..................................................................................................
Scott County .................................................................................................
Story County .................................................................................................
Webster County.............................................................................................
Woodbury County.........................................................................................
000100
000100
002100
004900
010800
000500
000700
001500
Elkhart County..............................................................................................
Floyd County ................................................................................................
Henry County................................................................................................
Lake County..................................................................................................
LaPorte County .............................................................................................
Madison County............................................................................................
Marion County..............................................................................................
Monroe County .............................................................................................
St. Joseph County .........................................................................................
Tippecanoe County .......................................................................................
Vanderburgh County .....................................................................................
Vigo County..................................................................................................
KANSAS
Douglas County ............................................................................................
Geary County................................................................................................
Montgomery County.....................................................................................
Reno County .................................................................................................
Riley County .................................................................................................
Saline County................................................................................................
Sedgwick County..........................................................................................
Shawnee County ...........................................................................................
Wyandotte County ........................................................................................
January 27, 2003
335
000400
000100
950500
000600
000802
000200
000600
002600
000400
004000
040300
041200
001700
000200
000902
002800
002100
000300
001901
002700
000400
011400
020600
011900
030100
012100
030300
350300
351100
353100
354700
356900
000600
350700
351600
353500
355000
357200
350800
351700
353600
355600
010300
002500
000300
010500
002600
000500
000800
000900
005000
010900
005200
001600
000200
950900
000800
001000
951200
000800
003700
000500
000900
006800
001100
001800
001200
040800
043000
041000
041100
2003–4 I.R.B.
State and County or
County Equivalent
Qualified Census Tracts
KENTUCKY
Bell County ...................................................................................................
Breathitt County............................................................................................
Campbell County ..........................................................................................
Clay County ..................................................................................................
Fayette County..............................................................................................
Floyd County ................................................................................................
Harlan County...............................................................................................
Jefferson County ...........................................................................................
Knox County.................................................................................................
Lawrence County..........................................................................................
Letcher County .............................................................................................
Lewis County................................................................................................
McCracken County .......................................................................................
McCreary County .........................................................................................
Madison County............................................................................................
Martin County...............................................................................................
Owsley County .............................................................................................
Perry County .................................................................................................
Warren County ..............................................................................................
Whitley County.............................................................................................
LOUISIANA
Bossier Parish ...............................................................................................
Caddo Parish .................................................................................................
Calcasieu Parish............................................................................................
East Baton Rouge Parish..............................................................................
East Carroll Parish........................................................................................
Evangeline Parish .........................................................................................
Iberia Parish ..................................................................................................
Jefferson Parish.............................................................................................
Lafayette Parish ............................................................................................
Lincoln Parish ...............................................................................................
Madison Parish .............................................................................................
Natchitoches Parish.......................................................................................
Orleans Parish ...............................................................................................
2003–4 I.R.B.
336
960100
980400
050100
950100
000400
980800
970300
971200
000600
002700
004301
990100
990300
950300
990400
030100
960100
010500
950100
990200
970700
010200
980800
010400
020400
021300
024601
000400
000200
001500
003102
990300
950500
030800
020600
000800
960900
960300
990700
000200
000901
001304
001733
002800
003306
004500
006700
960900
980700
961000
950400
000801
950500
000900
950600
001800
970600
971000
971100
001800
003000
004302
002300
003500
005900
002400
003700
006200
030200
960200
030300
960400
030400
011300
020600
021700
020800
023300
020900
023700
001000
002100
001104
002200
001300
002800
950300
950600
026200
000900
027602
960400
000300
000902
001500
001900
002900
003500
004800
006800
000601
000903
001600
002000
003000
004401
004900
006900
000603
001301
001714
002700
003305
004402
006000
007100
January 27, 2003
State and County or
County Equivalent
Qualified Census Tracts
LOUISIANA (cont.)
Orleans Parish (cont.) ...................................................................................
008101
009200
013100
000700
010700
011100
012700
961600
008500
009301
008600
009302
000900
001100
011400
011900
St. Landry Parish ..........................................................................................
St. Mary Parish .............................................................................................
Vermilion Parish ...........................................................................................
Webster Parish ..............................................................................................
00
This text is long and has been trimmed here. Open the source document for the complete record.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.