Bulletin No. 2023–37

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HIGHLIGHTS

OF THIS ISSUE

Bulletin No. 2023–37

September 11, 2023

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.

ADMINISTRATIVE

Rev. Rul. 2023-17, page 798.

Interest rates: underpayments and overpayments. The rates for

interest determined under Section 6621 of the code for the

calendar quarter beginning October 1, 2023, will be 8 percent

for overpayments (7 percent in the case of a corporation), 8

percent for underpayments, and 10 percent for large corporate

underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 5.5 percent.

EMPLOYEE PLANS

Notice 2023-62, page 817.

This notice provides guidance with respect to section 603

of the SECURE 2.0 Act of 2022 and announces a 2-year

administrative transition period with respect to the requirement under section 603 that catch-up contributions made on

behalf of certain eligible participants be designated as Roth

contributions. The notice also describes certain further guidance that the Treasury Department and the IRS anticipate

issuing with respect to section 603 and requests comments.

EXEMPT ORGANIZATIONS

Announcement 2023-25, page 821.

Revocation of IRC 501(c) (3) Organizations for failure to meet

the code section requirements Contributions made to the

Organizations by individual donors are no longer deductible

under IRC 170 (b)(1)(A)

Finding Lists begin on page ii.

Announcement 2023-26, page 822.

Revocation of IRC 501(c) (3) Organizations for failure to meet

the code section requirements Contributions made to the

Organizations by individual donors are no longer deductible

under IRC 170 (b)(1)(A).

INCOME TAX

Announcement 2023-28, page 823.

This document contains corrections to Rev. Proc. 2023-27,

as published on Monday, August 28, 2023 (I.R.B. 2023-35,

655) In particular, this announcement corrects four administrative items.

Rev. Proc. 2023-29, page 819.

This revenue procedure provides the applicable percentage

table in § 36B(b)(3)(A) of the Internal Revenue Code for taxable years beginning in calendar year 2024. This table is

used to calculate an individual’s premium tax credit under

§ 36B. This revenue procedure also provides the indexing

adjustment for the required contribution percentage in §

36B(c)(2)(C)(i)(II) for plan years beginning in calendar year

2024. This percentage is used to determine whether an individual is eligible for affordable employer-sponsored minimum

essential coverage under § 36B.

Rev. Rul. 2023-16, page 796.

Federal rates; adjusted federal rates; adjusted federal longterm rate, and the long-term tax exempt rate. For purposes

of sections 382, 1274, 1288, 7872 and other sections of

the Code, tables set forth the rates for September 2023.

The IRS Mission

Provide America’s taxpayers top-quality service by helping

them understand and meet their tax responsibilities and

enforce the 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.

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 last 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 last Bulletin of each semiannual period.

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.

September 11, 2023

Bulletin No. 2023–37

Part I

Section 1274.—

Determination of Issue

Price in the Case of Certain

Debt Instruments Issued for

Property

Rev. Rul. 2023-16

This revenue ruling provides various

prescribed rates for federal income tax

AFR

110% AFR

120% AFR

130% AFR

AFR

110% AFR

120% AFR

130% AFR

150% AFR

175% AFR

AFR

110% AFR

120% AFR

130% AFR

Short-term adjusted AFR

Mid-term adjusted AFR

Long-term adjusted AFR

September 11, 2023

purposes for September 2023 (the current

month). Table 1 contains the short-term,

mid-term, and long-term applicable federal rates (AFR) for the current month for

purposes of section 1274(d) of the Internal

Revenue Code. Table 2 contains the shortterm, mid-term, and long-term adjusted

applicable federal rates (adjusted AFR) for

the current month for purposes of section

1288(b). Table 3 sets forth the adjusted

federal long-term rate and the long-term

tax-exempt rate described in section

382(f). Table 4 contains the appropriate

percentages for determining the low-income housing credit described in section

42(b)(1) for buildings placed in service

during the current month. However, under

section 42(b)(2), the applicable percentage for non-federally subsidized new

buildings placed in service after July 30,

2008, shall not be less than 9%. Finally,

Table 5 contains the federal rate for determining the present value of an annuity, an

interest for life or for a term of years, or

a remainder or a reversionary interest for

purposes of section 7520.

REV. RUL. 2023-16 TABLE 1

Applicable Federal Rates (AFR) for September 2023

Period for Compounding

Annual

Semiannual

Quarterly

Short-term

5.12%

5.06%

5.03%

5.65%

5.57%

5.53%

6.16%

6.07%

6.02%

6.69%

6.58%

6.53%

Mid-term

4.19%

4.15%

4.13%

4.62%

4.57%

4.54%

5.04%

4.98%

4.95%

5.47%

5.40%

5.36%

6.33%

6.23%

6.18%

7.39%

7.26%

7.20%

Long-term

4.19%

4.15%

4.13%

4.62%

4.57%

4.54%

5.04%

4.98%

4.95%

5.47%

5.40%

5.36%

Annual

3.88%

3.17%

REV. RUL. 2023-16 TABLE 2

Adjusted AFR for September 2023

Period for Compounding

Semiannual

3.84%

3.15%

796

Monthly

5.01%

5.51%

5.99%

6.49%

4.11%

4.53%

4.93%

5.34%

6.15%

7.15%

4.11%

4.53%

4.93%

5.34%

Quarterly

3.82%

3.14%

Monthly

3.81%

3.13%

Bulletin No. 2023–37

REV. RUL. 2023-16 TABLE 3

Rates Under Section 382 for September 2023

Adjusted federal long-term rate for the current month

Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal

long-term rates for the current month and the prior two months.)

3.17%

REV. RUL. 2023-16 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for September 2023

Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after

July 30, 2008, shall not be less than 9%.

Appropriate percentage for the 70% present value low-income housing credit

7.97%

Appropriate percentage for the 30% present value low-income housing credit

3.42%

REV. RUL. 2023-16 TABLE 5

Rate Under Section 7520 for September 2023

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a

remainder or reversionary interest

Section 42.—Low-Income

Housing Credit

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month

of September 2023. See Rev. Rul. 2023-16, page

796.

Section 280G.—Golden

Parachute Payments

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

September 2023. See Rev. Rul. 2023-16, page 796.

Section 382.—Limitation

on Net Operating Loss

Carryforwards and

Certain Built-In Losses

Following Ownership

Change

The adjusted applicable federal long-term rate

is set forth for the month of September 2023. See

Rev. Rul. 2023-16, page 796.

Bulletin No. 2023–37

Section 467.—Certain

Payments for the Use of

Property or Services

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

September 2023. See Rev. Rul. 2023-16, page 796.

Section 468.—Special

Rules for Mining and Solid

Waste Reclamation and

Closing Costs

The applicable federal short-term rates are set

forth for the month of September 2023. See Rev.

Rul. 2023-16, page 796.

Section 482.—Allocation

of Income and Deductions

Among Taxpayers

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

September 2023. See Rev. Rul. 2023-16, page 796.

5.00%

Section 483.—Interest on

Certain Deferred Payments

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

September 2023. See Rev. Rul. 2023-16, page 796.

Section 1288.—Treatment

of Original Issue Discount

on Tax-Exempt Obligations

The adjusted applicable federal short-term, midterm, and long-term rates are set forth for the month

of September 2023. See Rev. Rul. 2023-16, page 796.

Section 7520.—Valuation

Tables

The applicable federal mid-term rates are set

forth for the month of September 2023. See Rev.

Rul. 2023-16, page 796.

Section 7872.—Treatment

of Loans With BelowMarket Interest Rates

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

September 2023. See Rev. Rul. 2023-16, page 796.

797

September 11, 2023

Section 6621.—

Determination of Rate of

Interest

26 CFR 301.6621-1: Interest rate.

Rev. Rul. 2023-17

Section 6621 of the Internal Revenue

Code establishes the interest rates on

overpayments and underpayments of

tax. Under section 6621(a)(1), the overpayment rate is the sum of the federal

short-term rate plus 3 percentage points

(2 percentage points in the case of a corporation), except the rate for the portion of

a corporate overpayment of tax exceeding

$10,000 for a taxable period is the sum

of the federal short-term rate plus 0.5 of

a percentage point. Under section 6621(a)

(2), the underpayment rate is the sum of

the federal short-term rate plus 3 percentage points.

Section 6621(c) provides that for

purposes of interest payable under section 6601 on any large corporate underpayment, the underpayment rate under

section 6621(a)(2) is determined by substituting “5 percentage points” for “3 percentage points.” See section 6621(c) and

section 301.6621-3 of the Regulations

on Procedure and Administration for the

definition of a large corporate underpayment and for the rules for determining the

applicable date. Section 6621(c) and section 301.6621-3 are generally effective for

periods after December 31, 1990.

Section 6621(b)(1) provides that the

Secretary will determine the federal

September 11, 2023

short-term rate for the first month in each

calendar quarter. Section 6621(b)(2)(A)

provides that the federal short-term rate

determined under section 6621(b)(1) for

any month applies during the first calendar quarter beginning after that month.

Section 6621(b)(3) provides that the federal short-term rate for any month is the

federal short-term rate determined during

that month by the Secretary in accordance

with section 1274(d), rounded to the nearest full percent (or, if a multiple of 1/2 of

1 percent, the rate is increased to the next

highest full percent).

Notice 88-59, 1988-1 C.B. 546,

announced that in determining the quarterly interest rates to be used for overpayments and underpayments of tax

under section 6621, the Internal Revenue

Service will use the federal short-term rate

based on daily compounding because that

rate is most consistent with section 6621

which, pursuant to section 6622, is subject

to daily compounding.

The federal short-term rate determined in accordance with section

1274(d) during July 2023 is the rate published in Revenue Ruling 2023-13, 202332 IRB 413, to take effect beginning

August 1, 2023. The federal short-term

rate, rounded to the nearest full percent,

based on daily compounding determined

during the month of July 2023 is 5 percent. Accordingly, an overpayment rate

of 8 percent (7 percent in the case of a

corporation) and an underpayment rate

of 8 percent are established for the calendar quarter beginning October 1, 2023.

The overpayment rate for the portion

of a corporate overpayment exceeding

798

$10,000 for the calendar quarter beginning October 1, 2023, is 5.5 percent. The

underpayment rate for large corporate

underpayments for the calendar quarter

beginning October 1, 2023, is 10 percent.

These rates apply to amounts bearing

interest during that calendar quarter.

Sections 6654(a)(1) and 6655(a)

(1) provide that the underpayment rate

established under section 6621 applies

in determining the addition to tax under

sections 6654 and 6655 for failure to pay

estimated tax for any taxable year. Thus,

the 8 percent rate also applies to estimated

tax underpayments for the fourth calendar quarter beginning October 1, 2023.

In addition, pursuant to section 6603(d)

(4), the rate of interest on section 6603

deposits is 5 percent for the fourth calendar quarter in 2023.

Interest factors for daily compound

interest for annual rates of 5.5 percent, 7

percent, 8 percent and 10 percent are published in Tables 16, 19, 21 and 25 of Rev.

Proc. 95-17, 1995-1 C.B. 570, 573, 575,

and 579.

Annual interest rates to be compounded

daily pursuant to section 6622 that apply

for prior periods are set forth in the tables

accompanying this revenue ruling.

DRAFTING INFORMATION

The principal author of this revenue

ruling is Casey R. Conrad of the Office of

the Associate Chief Counsel (Procedure

and Administration). For further information regarding this revenue ruling, contact

Mr. Conrad at (202) 317-6844 (not a tollfree call).

Bulletin No. 2023–37

APPENDIX A

Days

Factor

0.000013699

0.000027397

0.000041096

0.000054796

0.000068495

0.000082195

0.000095894

0.000109594

0.000123294

0.000136995

0.000150695

0.000164396

0.000178097

0.000191798

0.000205499

0.000219201

0.000232902

0.000246604

0.000260306

0.000274008

0.000287711

0.000301413

0.000315116

0.000328819

0.000342522

0.000356225

0.000369929

0.000383633

0.000397336

0.000411041

0.000424745

0.000438449

0.000452154

0.000465859

0.000479564

0.000493269

0.000506974

0.000520680

0.000534386

0.000548092

0.000561798

Bulletin No. 2023–37

365 Day Year

0.5% Compound Rate 184 Days

Days

Factor

0.000863380

0.000877091

0.000890801

0.000904512

0.000918223

0.000931934

0.000945646

0.000959357

0.000973069

0.000986781

0.001000493

0.001014206

0.001027918

0.001041631

0.001055344

0.001069057

0.001082770

0.001096484

0.001110197

0.001123911

0.001137625

0.001151339

0.001165054

0.001178768

0.001192483

0.001206198

0.001219913

0.001233629

0.001247344

0.001261060

0.001274776

0.001288492

0.001302208

0.001315925

0.001329641

0.001343358

0.001357075

100

0.001370792

101

0.001384510

102

0.001398227

103

0.001411945

799

Days

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

146

147

148

149

150

151

152

153

154

155

156

157

158

159

160

161

162

163

164

165

Factor

0.001713784

0.001727506

0.001741228

0.001754951

0.001768673

0.001782396

0.001796119

0.001809843

0.001823566

0.001837290

0.001851013

0.001864737

0.001878462

0.001892186

0.001905910

0.001919635

0.001933360

0.001947085

0.001960811

0.001974536

0.001988262

0.002001988

0.002015714

0.002029440

0.002043166

0.002056893

0.002070620

0.002084347

0.002098074

0.002111801

0.002125529

0.002139257

0.002152985

0.002166713

0.002180441

0.002194169

0.002207898

0.002221627

0.002235356

0.002249085

0.002262815

September 11, 2023

0.000575504

0.000589211

0.000602917

0.000616624

0.000630331

0.000644039

0.000657746

0.000671454

0.000685161

0.000698869

0.000712578

0.000726286

0.000739995

0.000753703

0.000767412

0.000781121

0.000794831

0.000808540

0.000822250

0.000835960

0.000849670

September 11, 2023

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

0.001425663

0.001439381

0.001453100

0.001466818

0.001480537

0.001494256

0.001507975

0.001521694

0.001535414

0.001549133

0.001562853

0.001576573

0.001590293

0.001604014

0.001617734

0.001631455

0.001645176

0.001658897

0.001672619

0.001686340

0.001700062

800

166

167

168

169

170

171

172

173

174

175

176

177

178

179

180

181

182

183

184

0.002276544

0.002290274

0.002304004

0.002317734

0.002331465

0.002345195

0.002358926

0.002372657

0.002386388

0.002400120

0.002413851

0.002427583

0.002441315

0.002455047

0.002468779

0.002482511

0.002496244

0.002509977

0.002523710

Bulletin No. 2023–37

Days

Factor

0.000013661

0.000027323

0.000040984

0.000054646

0.000068308

0.000081970

0.000095632

0.000109295

0.000122958

0.000136620

0.000150283

0.000163947

0.000177610

0.000191274

0.000204938

0.000218602

0.000232266

0.000245930

0.000259595

0.000273260

0.000286924

0.000300590

0.000314255

0.000327920

0.000341586

0.000355252

0.000368918

0.000382584

0.000396251

0.000409917

0.000423584

0.000437251

0.000450918

0.000464586

0.000478253

0.000491921

0.000505589

0.000519257

0.000532925

0.000546594

0.000560262

0.000573931

Bulletin No. 2023–37

366 Day Year

0.5% Compound Rate 184 Days

Days

Factor

0.000861020

0.000874693

0.000888366

0.000902040

0.000915713

0.000929387

0.000943061

0.000956735

0.000970409

0.000984084

0.000997758

0.001011433

0.001025108

0.001038783

0.001052459

0.001066134

0.001079810

0.001093486

0.001107162

0.001120839

0.001134515

0.001148192

0.001161869

0.001175546

0.001189223

0.001202900

0.001216578

0.001230256

0.001243934

0.001257612

0.001271291

0.001284969

0.001298648

0.001312327

0.001326006

0.001339685

0.001353365

100

0.001367044

101

0.001380724

102

0.001394404

103

0.001408085

104

0.001421765

801

Days

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

146

147

148

149

150

151

152

153

154

155

156

157

158

159

160

161

162

163

164

165

166

Factor

0.001709097

0.001722782

0.001736467

0.001750152

0.001763837

0.001777522

0.001791208

0.001804893

0.001818579

0.001832265

0.001845951

0.001859638

0.001873324

0.001887011

0.001900698

0.001914385

0.001928073

0.001941760

0.001955448

0.001969136

0.001982824

0.001996512

0.002010201

0.002023889

0.002037578

0.002051267

0.002064957

0.002078646

0.002092336

0.002106025

0.002119715

0.002133405

0.002147096

0.002160786

0.002174477

0.002188168

0.002201859

0.002215550

0.002229242

0.002242933

0.002256625

0.002270317

September 11, 2023

0.000587600

0.000601269

0.000614939

0.000628608

0.000642278

0.000655948

0.000669618

0.000683289

0.000696959

0.000710630

0.000724301

0.000737972

0.000751643

0.000765315

0.000778986

0.000792658

0.000806330

0.000820003

0.000833675

0.000847348

September 11, 2023

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

0.001435446

0.001449127

0.001462808

0.001476489

0.001490170

0.001503852

0.001517533

0.001531215

0.001544897

0.001558580

0.001572262

0.001585945

0.001599628

0.001613311

0.001626994

0.001640678

0.001654361

0.001668045

0.001681729

0.001695413

802

167

168

169

170

171

172

173

174

175

176

177

178

179

180

181

182

183

184

0.002284010

0.002297702

0.002311395

0.002325087

0.002338780

0.002352473

0.002366167

0.002379860

0.002393554

0.002407248

0.002420942

0.002434636

0.002448331

0.002462025

0.002475720

0.002489415

0.002503110

0.002516806

Bulletin No. 2023–37

TABLE OF INTEREST RATES

PERIODS BEFORE JUL. 1, 1975 - PERIODS ENDING DEC. 31, 1986

OVERPAYMENTS AND UNDERPAYMENTS

PERIOD

RATE

Before Jul. 1, 1975

Jul. 1, 1975–Jan. 31, 1976

Feb. 1, 1976–Jan. 31, 1978

Feb. 1, 1978–Jan. 31, 1980

Feb. 1, 1980–Jan. 31, 1982

Feb. 1, 1982–Dec. 31, 1982

Jan. 1, 1983–Jun. 30, 1983

Jul. 1, 1983–Dec. 31, 1983

Jan. 1, 1984–Jun. 30, 1984

Jul. 1, 1984–Dec. 31, 1984

Jan. 1, 1985–Dec. 31, 1985

Jul. 1, 1985–Dec. 31, 1985

Jan. 1, 1986–Jun. 30, 1986

Jul. 1, 1986–Dec. 31, 1986

12%

20%

16%

11%

13%

11%

10%

Table

In 1995-1 C.B.

DAILY RATE TABLE

pg.

37,

pg.

27,

pg.

75,

pg.

75,

pg.

31,

pg.

27,

pg.

25,

pg.

23,

pg.

557

559

558

557

560

591

581

629

585

581

579

577

TABLE OF INTEREST RATES

FROM JAN. 1, 1987 – Dec. 31, 1998

Jan. 1, 1987–Mar. 31, 1987

Apr. 1, 1987–Jun. 30, 1987

Jul. 1, 1987–Sep. 30, 1987

Oct. 1, 1987–Dec. 31, 1987

Jan. 1, 1988–Mar. 31, 1988

Apr. 1, 1988–Jun. 30, 1988

Jul. 1, 1988–Sep. 30, 1988

Oct. 1, 1988–Dec. 31, 1988

Jan. 1, 1989–Mar. 31, 1989

Apr. 1, 1989–Jun. 30, 1989

Jul. 1, 1989–Sep. 30, 1989

Oct. 1, 1989–Dec. 31, 1989

Jan. 1, 1990–Mar. 31, 1990

Apr. 1, 1990–Jun. 30, 1990

Jul. 1, 1990–Sep. 30, 1990

Oct. 1, 1990–Dec. 31, 1990

Jan. 1, 1991–Mar. 31, 1991

Apr. 1, 1991–Jun. 30, 1991

Jul. 1, 1991–Sep. 30, 1991

Bulletin No. 2023–37

RATE

10%

11%

10%

OVERPAYMENTS

1995-1 C.B.

TABLE

575

577

627

625

627

579

581

579

577

803

UNDERPAYMENTS

1995-1 C.B. RATE

RATE

TABLE

577

10%

579

11%

629

10%

627

10%

627

11%

629

11%

581

12%

583

12%

583

11%

581

11%

581

11%

581

11%

581

11%

581

11%

581

10%

579

10%

579

September 11, 2023

Oct. 1, 1991–Dec. 31, 1991

Jan. 1, 1992–Mar. 31, 1992

Apr. 1, 1992–Jun. 30, 1992

Jul. 1, 1992–Sep. 30, 1992

Oct. 1, 1992–Dec. 31, 1992

Jan. 1, 1993–Mar. 31, 1993

Apr. 1, 1993–Jun. 30, 1993

Jul. 1, 1993–Sep. 30, 1993

Oct. 1, 1993–Dec. 31, 1993

Jan. 1, 1994–Mar. 31, 1994

Apr. 1, 1994–Jun. 30, 1994

Jul. 1, 1994–Sep. 30, 1994

Oct. 1, 1994–Dec. 31, 1994

Jan. 1, 1995–Mar. 31, 1995

Apr. 1, 1995–Jun. 30, 1995

Jul. 1, 1995–Sep. 30, 1995

Oct. 1, 1995–Dec. 31, 1995

Jan. 1, 1996–Mar. 31, 1996

Apr. 1, 1996–Jun. 30, 1996

Jul. 1, 1996–Sep. 30, 1996

Oct. 1, 1996–Dec. 31, 1996

Jan. 1, 1997–Mar. 31, 1997

Apr. 1, 1997–Jun. 30, 1997

Jul. 1, 1997–Sep. 30, 1997

Oct. 1, 1997–Dec. 31, 1997

Jan. 1, 1998–Mar. 31, 1998

Apr. 1, 1998–Jun. 30, 1998

Jul. 1, 1998–Sep. 30, 1998

Oct. 1, 1998–Dec. 31, 1998

September 11, 2023

804

577

623

621

619

571

573

575

577

575

623

621

623

575

573

10%

579

625

623

621

573

575

577

579

577

625

623

625

577

575

Bulletin No. 2023–37

TABLE OF INTEREST RATES

FROM JANUARY 1, 1999 - PRESENT

NONCORPORATE OVERPAYMENTS AND UNDERPAYMENTS

1995-1 C.B.

Jan. 1, 1999–Mar. 31, 1999

Apr. 1, 1999–Jun. 30, 1999

Jul. 1, 1999–Sep. 30, 1999

Oct. 1, 1999–Dec. 31, 1999

Jan. 1, 2000–Mar. 31, 2000

Apr. 1, 2000–Jun. 30, 2000

Jul. 1, 2000–Sep. 30, 2000

Oct. 1, 2000–Dec. 31, 2000

Jan. 1, 2001–Mar. 31, 2001

Apr. 1, 2001–Jun. 30, 2001

Jul. 1, 2001–Sep. 30, 2001

Oct. 1, 2001–Dec. 31, 2001

Jan. 1, 2002–Mar. 31, 2002

Apr. 1, 2002–Jun. 30, 2002

Jul. 1, 2002–Sep. 30, 2002

Oct. 1, 2002–Dec. 31, 2002

Jan. 1, 2003–Mar. 31, 2003

Apr. 1, 2003–Jun. 30, 2003

Jul. 1, 2003–Sep. 30, 2003

Oct. 1, 2003–Dec. 31, 2003

Jan. 1, 2004–Mar. 31, 2004

Apr. 1, 2004–Jun. 30, 2004

Jul. 1, 2004–Sep. 30, 2004

Oct. 1, 2004–Dec. 31, 2004

Jan. 1, 2005–Mar. 31, 2005

Apr. 1, 2005–Jun. 30, 2005

Jul. 1, 2005–Sep. 30, 2005

Oct. 1, 2005–Dec. 31, 2005

Jan. 1, 2006–Mar. 31, 2006

Apr. 1, 2006–Jun. 30, 2006

Jul. 1, 2006–Sep. 30, 2006

Oct. 1, 2006–Dec. 31, 2006

Jan. 1, 2007–Mar. 31, 2007

Apr. 1, 2007–Jun. 30, 2007

Jul. 1, 2007–Sep. 30, 2007

Oct. 1, 2007–Dec. 31, 2007

Jan. 1, 2008–Mar. 31, 2008

Apr. 1, 2008–Jun. 30, 2008

Jul. 1, 2008–Sep. 30, 2008

Oct. 1, 2008–Dec. 31, 2008

Jan. 1, 2009–Mar. 31, 2009

Bulletin No. 2023–37

RATE

805

TABLE

PAGE

573

575

623

625

577

575

573

571

569

567

615

617

615

617

569

571

573

575

621

619

617

619

569

September 11, 2023

Apr. 1, 2009–Jun. 30, 2009

Jul. 1, 2009–Sep. 30, 2009

Oct. 1, 2009–Dec. 31, 2009

Jan. 1, 2010–Mar. 31, 2010

Apr. 1, 2010–Jun. 30, 2010

Jul. 1, 2010–Sep. 30, 2010

Oct. 1, 2010–Dec. 31, 2010

Jan. 1, 2011–Mar. 31, 2011

Apr. 1, 2011–Jun. 30, 2011

Jul. 1, 2011–Sep. 30, 2011

Oct. 1, 2011–Dec. 31, 2011

Jan. 1, 2012–Mar. 31, 2012

Apr. 1, 2012–Jun. 30, 2012

Jul. 1, 2012–Sep. 30, 2012

Oct. 1, 2012–Dec. 31, 2012

Jan. 1, 2013–Mar. 31, 2013

Apr. 1, 2013–Jun. 30, 2013

Jul. 1, 2013–Sep. 30, 2013

Oct. 1, 2013–Dec. 31, 2013

Jan. 1, 2014–Mar. 31, 2014

Apr. 1, 2014–Jun. 30, 2014

Jul. 1, 2014–Sep. 30, 2014

Oct. 1, 2014–Dec. 31, 2014

Jan. 1, 2015–Mar. 31, 2015

Apr. 1, 2015–Jun. 30, 2015

Jul. 1, 2015–Sep. 30, 2015

Oct. 1, 2015–Dec. 31, 2015

Jan. 1, 2016–Mar. 31, 2016

Apr. 1, 2016–Jun. 30, 2016

Jul. 1, 2016–Sep. 30, 2016

Oct. 1, 2016–Dec. 31, 2016

Jan. 1, 2017–Mar. 31, 2017

Apr. 1, 2017–Jun. 30, 2017

Jul. 1, 2017–Sep. 30, 2017

Oct. 1, 2017–Dec. 31, 2017

Jan. 1, 2018–Mar. 31, 2018

Apr. 1, 2018–Jun. 30, 2018

Jul. 1, 2018–Sep. 30, 2018

Oct. 1, 2018–Dec. 31, 2018

Jan. 1, 2019–Mar. 31, 2019

Apr. 1, 2019–Jun. 30, 2019

Jul. 1, 2019–Sep. 30, 2019

Oct. 1, 2019–Dec. 31, 2019

Jan. 1, 2020–Mar. 31, 2020

Apr. 1, 2020–Jun. 30, 2020

September 11, 2023

806

567

565

567

565

613

565

613

615

567

569

571

569

617

Bulletin No. 2023–37

Jul. 1, 2020–Sep. 30, 2020

Oct. 1, 2020–Dec. 31, 2020

Jan. 1, 2021–Mar. 31, 2021

Apr. 1, 2021–Jun. 30, 2021

Jul. 1, 2021–Sep. 30, 2021

Oct. 1, 2021–Dec. 31, 2021

Jan. 1, 2022–Mar. 31, 2022

Apr. 1, 2022–Jun. 30, 2022

Jul. 1, 2022–Sep. 30, 2022

Oct. 1, 2022–Dec. 31, 2022

Jan. 1, 2023–Mar. 31, 2023

Apr. 1, 2023–Jun. 30, 2023

Jul. 1, 2023–Sep. 30, 2023

Oct. 1, 2023–Dec. 31, 2023

Bulletin No. 2023–37

807

613

565

567

569

571

573

575

September 11, 2023

TABLE OF INTEREST RATES

FROM JANUARY 1, 1999 - PRESENT

CORPORATE OVERPAYMENTS AND UNDERPAYMENTS

Jan. 1, 1999–Mar. 31, 1999

Apr. 1, 1999–Jun. 30, 1999

Jul. 1, 1999–Sep. 30, 1999

Oct. 1, 1999–Dec. 31, 1999

Jan. 1, 2000–Mar. 30, 2000

Apr. 1, 2000–Jun. 30, 2000

Jul. 1, 2000–Sep. 30, 2000

Oct. 1, 2000–Dec. 31, 2000

Jan. 1, 2001–Mar. 31, 2001

Apr. 1, 2001–Jun. 30, 2001

Jul. 1, 2001–Sep. 30, 2001

Oct. 1, 2001–Dec. 31, 2001

Jan. 1, 2002–Mar. 31, 2002

Apr. 1, 2002–Jun. 30, 2002

Jul. 1, 2002–Sep. 30, 2002

Oct. 1, 2002–Dec. 31, 2002

Jan. 1, 2003–Mar. 31, 2003

Apr. 1, 2003–Jun. 30, 2003

Jul. 1, 2003–Sep. 30, 2003

Oct. 1, 2003–Dec. 31, 2003

Jan. 1, 2004–Mar. 31, 2004

Apr. 1, 2004–Jun. 30, 2004

Jul. 1, 2004–Sep. 30, 2004

Oct. 1, 2004–Dec. 31, 2004

Jan. 1, 2005–Mar. 31, 2005

Apr. 1, 2005–Jun. 30, 2005

Jul. 1, 2005–Sep. 30, 2005

Oct. 1, 2005–Dec. 31, 2005

Jan. 1, 2006–Mar. 31, 2006

Apr. 1, 2006–Jun. 30, 2006

Jul. 1, 2006–Sep. 30, 2006

Oct. 1, 2006–Dec. 31, 2006

Jan. 1, 2007–Mar. 31, 2007

Apr. 1, 2007–Jun. 30, 2007

Jul. 1, 2007–Sep. 30, 2007

Oct. 1, 2007–Dec. 31, 2007

Jan. 1, 2008–Mar. 31, 2008

Apr. 1, 2008–Jun. 30, 2008

Jul. 1, 2008–Sep. 30, 2008

Oct. 1, 2008–Dec. 31, 2008

September 11, 2023

OVERPAYMENTS

1995-1 C.B.

RATE

TABLE

808

571

573

621

623

575

573

571

569

567

565

613

615

613

615

567

569

571

573

619

617

615

617

UNDERPAYMENTS

1995-1 C.B.

RATE

TABLE

573

575

623

625

577

575

573

571

569

567

615

617

615

617

569

571

573

575

621

619

617

619

Bulletin No. 2023–37

Jan. 1, 2009–Mar. 31, 2009

Apr. 1, 2009–Jun. 30, 2009

Jul. 1, 2009–Sep. 30, 2009

Oct. 1, 2009–Dec. 31, 2009

Jan. 1, 2010–Mar. 31, 2010

Apr. 1, 2010–Jun. 30, 2010

Jul. 1, 2010–Sep. 30, 2010

Oct. 1, 2010–Dec. 31, 2010

Jan. 1, 2011–Mar. 31, 2011

Apr. 1, 2011–Jun. 30, 2011

Jul. 1, 2011–Sep. 30, 2011

Oct. 1, 2011–Dec. 31, 2011

Jan. 1, 2012–Mar. 31, 2012

Apr. 1, 2012–Jun. 30, 2012

Jul. 1, 2012–Sep. 30, 2012

Oct. 1, 2012–Dec. 31, 2012

Jan. 1, 2013–Mar. 31, 2013

Apr. 1, 2013–Jun. 30, 2013

Jul. 1, 2013–Sep. 30, 2013

Oct. 1, 2013–Dec. 31, 2013

Jan. 1, 2014–Mar. 31, 2014

Apr. 1, 2014–Jun. 30, 2014

Jul. 1, 2014–Sep. 30, 2014

Oct. 1, 2014–Dec. 31, 2014

Jan. 1, 2015–Mar. 31, 2015

Apr. 1, 2015–Jun. 30, 2015

Jul. 1, 2015–Sep. 30, 2015

Oct. 1, 2015–Dec. 31, 2015

Jan. 1, 2016–Mar. 31, 2016

Apr. 1, 2016–Jun. 30, 2016

Jul. 1, 2016–Sep. 30, 2016

Oct. 1, 2016–Dec. 31, 2016

Jan. 1, 2017–Mar. 31, 2017

Apr. 1, 2017–Jun. 30, 2017

Jul. 1, 2017–Sep. 30, 2017

Oct. 1, 2017–Dec. 31, 2017

Jan. 1, 2018–Mar. 31, 2018

Apr. 1, 2018–Jun. 30, 2018

Jul. 1, 2018–Sep. 30, 2018

Oct. 1, 2018–Dec. 31, 2018

Jan. 1, 2019–Mar. 31, 2019

Apr. 1, 2019–Jun. 30, 2019

Jul. 1, 2019–Sep. 30, 2019

Oct. 1, 2019–Dec. 31, 2019

Jan. 1, 2020–Mar. 31, 2020

Bulletin No. 2023–37

809

567

565

563

565

563

611

563

611

613

565

567

569

567

615

569

567

565

567

565

613

565

613

615

567

569

571

569

617

September 11, 2023

Apr. 1, 2020–Jun. 30, 2020

Jul. 1, 2020–Sep. 30, 2020

Oct. 1, 2020–Dec. 31, 2020

Jan. 1, 2021–Mar. 31, 2021

Apr. 1, 2021–Jun. 30, 2021

Jul. 1, 2021–Sep. 30, 2021

Oct. 1, 2021–Dec. 31, 2021

Jan. 1, 2022–Mar. 31, 2022

Apr. 1, 2022–Jun. 30, 2022

Jul. 1, 2022–Sep. 30, 2022

Oct. 1, 2022–Dec. 31, 2022

Jan. 1, 2023–Mar. 31, 2023

Apr. 1, 2023–Jun. 30, 2023

Jul. 1, 2023–Sep. 30, 2023

Oct. 1, 2023–Dec. 31, 2023

September 11, 2023

810

615

611

563

565

567

569

571

573

617

613

565

567

569

571

573

575

Bulletin No. 2023–37

TABLE OF INTEREST RATES

FOR LARGE CORPORATE UNDERPAYMENTS

FROM JANUARY 1, 1991 - PRESENT

Jan. 1, 1991–Mar. 31, 1991

Apr. 1, 1991–Jun. 30, 1991

Jul. 1, 1991–Sep. 30, 1991

Oct. 1, 1991–Dec. 31, 1991

Jan. 1, 1992–Mar. 31, 1992

Apr. 1, 1992–Jun. 30, 1992

Jul. 1, 1992–Sep. 30, 1992

Oct. 1, 1992–Dec. 31, 1992

Jan. 1, 1993–Mar. 31, 1993

Apr. 1, 1993–Jun. 30, 1993

Jul. 1, 1993–Sep. 30, 1993

Oct. 1, 1993–Dec. 31, 1993

Jan. 1, 1994–Mar. 31, 1994

Apr. 1, 1994–Jun. 30, 1994

Jul. 1, 1994–Sep. 30, 1994

Oct. 1, 1994–Dec. 31, 1994

Jan. 1, 1995–Jun. 30, 1995

Apr. 1, 1995–Jun. 30, 1995

Jul. 1, 1995–Sep. 30, 1995

Oct. 1, 1995–Dec. 31, 1995

Jan. 1, 1996–Mar. 31, 1996

Apr. 1, 1996–Jun. 30, 1996

Jul. 1, 1996–Sep. 30, 1996

Oct. 1, 1996–Dec. 31, 1996

Jan. 1, 1997–Mar. 31, 1997

Apr. 1, 1997–Jun. 30, 1997

Jul. 1, 1997–Sep. 30, 1997

Oct. 1, 1997–Dec. 31, 1997

Jan. 1, 1998–Mar. 31, 1998

Apr. 1, 1998–Jun. 30, 1998

Jul. 1, 1998–Sep. 30, 1998

Oct. 1, 1998–Dec. 31, 1998

Jan. 1, 1999–Mar. 31, 1999

Apr. 1, 1999–Jun. 30, 1999

Jul. 1, 1999–Sep. 30, 1999

Oct. 1, 1999–Dec. 31, 1999

Jan. 1, 2000–Mar. 31, 2000

Apr. 1, 2000–Jun. 30, 2000

Jul. 1, 2000–Sep. 30, 2000

Oct. 1, 2000–Dec. 31, 2000

Jan. 1, 2001–Mar. 31, 2001

Bulletin No. 2023–37

RATE

13%

12%

11%

10%

11%

12%

11%

10%

11%

10%

11%

811

1995-1 C.B.

TABLE

585

583

629

627

625

577

579

581

583

581

629

627

629

581

579

577

579

627

629

581

September 11, 2023

Apr. 1, 2001–Jun. 30, 2001

Jul. 1, 2001–Sep. 30, 2001

Oct. 1, 2001–Dec. 31, 2001

Jan. 1, 2002–Mar. 31, 2002

Apr. 1, 2002–Sep. 30, 2002

Jul. 1, 2002–Sep. 30, 2002

Oct. 1, 2002–Dec. 31, 2002

Jan. 1, 2003–Mar. 31, 2003

Apr. 1, 2003–Jun. 30, 2003

Jul. 1, 2003–Sep. 30, 2003

Oct. 1, 2003–Dec. 31, 2003

Jan. 1, 2004–Mar. 31, 2004

Apr. 1, 2004–Jun. 30, 2004

Jul. 1, 2004–Sep. 30, 2004

Oct. 1, 2004–Dec. 31, 2004

Jan. 1, 2005–Mar. 31, 2005

Apr. 1, 2005–Jun. 30, 2005

Jul. 1, 2005–Sep. 30, 2005

Oct. 1, 2005–Dec. 31, 2005

Jan. 1, 2006–Mar. 31, 2006

Apr. 1, 2006–Jun. 30, 2006

Jul. 1, 2006–Sep. 30, 2006

Oct. 1, 2006–Dec. 31, 2006

Jan. 1, 2007–Mar. 31, 2007

Apr. 1, 2007–Jun. 30, 2007

Jul. 1, 2007–Sep. 30, 2007

Oct. 1, 2007–Dec. 31, 2007

Jan. 1, 2008–Mar. 31, 2008

Apr. 1, 2008–Sep. 30, 2008

Jul. 1, 2008–Sep. 30, 2008

Oct. 1, 2008–Dec. 31, 2008

Jan. 1, 2009–Mar. 31, 2009

Apr. 1, 2009–Jun. 30, 2009

Jul. 1, 2009–Sep. 30, 2009

Oct. 1, 2009–Dec. 31, 2009

Jan. 1, 2010–Mar. 31, 2010

Apr. 1, 2010–Jun. 30, 2010

Jul. 1, 2010–Sep. 30, 2010

Oct. 1, 2010–Dec. 31, 2010

Jan. 1, 2011–Mar. 31, 2011

Apr. 1, 2011–Jun. 30, 2011

Jul. 1, 2011–Sep. 30, 2011

Oct. 1, 2011–Dec. 31, 2011

Jan. 1, 2012–Mar. 31, 2012

Apr. 1, 2012–Jun. 30, 2012

Jul. 1, 2012–Sep. 30, 2012

September 11, 2023

10%

812

579

577

575

573

571

619

621

619

621

573

575

577

579

625

623

621

623

573

571

569

571

569

617

Bulletin No. 2023–37

Oct. 1, 2012–Dec. 31, 2012

Jan. 1, 2013–Mar. 31, 2013

Apr. 1, 2013–Jun. 30, 2013

Jul. 1, 2013–Sep. 30, 2013

Oct. 1, 2013–Dec. 31, 2013

Jan. 1, 2014–Mar. 31, 2014

Apr. 1, 2014–Jun. 30, 2014

Jul. 1, 2014–Sep. 30, 2014

Oct. 1, 2014–Dec. 31, 2014

Jan. 1, 2015–Mar. 31, 2015

Apr. 1, 2015–Jun. 30, 2015

Jul. 1, 2015–Sep. 30, 2015

Oct. 1, 2015–Dec. 31, 2015

Jan. 1, 2016–Mar. 31, 2016

Apr. 1, 2016–Jun. 30, 2016

Jul. 1, 2016–Sep. 30, 2016

Oct. 1, 2016–Dec. 31, 2016

Jan. 1, 2017–Mar. 31, 2017

Apr. 1, 2017–Jun. 30, 2017

Jul. 1, 2017–Sep. 30, 2017

Oct. 1, 2017–Dec. 31, 2017

Jan. 1, 2018–Mar. 31, 2018

Apr. 1, 2018–Jun. 30, 2018

Jul. 1, 2018–Sep. 30, 2018

Oct. 1, 2018–Dec. 31, 2018

Jan. 1, 2019–Mar. 31, 2019

Apr. 1, 2019–Jun. 30, 2019

Jul. 1, 2019–Sep. 30, 2019

Oct. 1, 2019–Dec. 31, 2019

Jan. 1, 2020–Mar. 31, 2020

Apr. 1, 2020–Jun. 30, 2020

Jul. 1, 2020–Sep. 30, 2020

Oct. 1, 2020–Dec. 31, 2020

Jan. 1, 2021–Mar. 31, 2021

Apr. 1, 2021–Jun. 30, 2021

Jul. 1, 2021–Sep. 30, 2021

Oct. 1, 2021–Dec. 31, 2021

Jan. 1, 2022–Mar. 31, 2022

Apr. 1, 2022–Jun. 30, 2022

Jul. 1, 2022–Sep. 30, 2022

Oct. 1, 2022–Dec. 31, 2022

Jan. 1, 2023–Mar. 31, 2023

Apr. 1, 2023–Jun. 30, 2023

Jul. 1, 2023–Sep. 30, 2023

Oct. 1, 2023–Dec. 31, 2023

Bulletin No. 2023–37

10%

813

617

569

617

619

571

573

575

573

621

617

569

571

573

575

577

579

September 11, 2023

TABLE OF INTEREST RATES FOR CORPORATE

OVERPAYMENTS EXCEEDING $10,000

FROM JANUARY 1, 1995 – PRESENT

1995-1 C.B.

RATE

TABLE

Jan. 1, 1995–Mar. 31, 1995

6.5%

572

Apr. 1, 1995–Jun. 30, 1995

7.5%

574

Jul. 1, 1995–Sep. 30, 1995

6.5%

572

Oct. 1, 1995–Dec. 31, 1995

6.5%

572

Jan. 1, 1996–Mar. 31, 1996

6.5%

620

Apr. 1, 1996–Jun. 30, 1996

5.5%

618

Jul. 1, 1996–Sep. 30, 1996

6.5%

620

Oct. 1, 1996–Dec. 31, 1996

6.5%

620

Jan. 1, 1997–Mar. 31, 1997

6.5%

572

Apr. 1, 1997–Jun. 30, 1997

6.5%

572

Jul. 1, 1997–Sep. 30, 1997

6.5%

572

Oct. 1, 1997–Dec. 31, 1997

6.5%

572

Jan. 1, 1998–Mar. 31, 1998

6.5%

572

Apr. 1, 1998–Jun. 30, 1998

5.5%

570

Jul. 1, 1998–Sep. 30, 1998

5.5%

570

Oct. 1, 1998–Dec. 31, 1998

5.5%

570

Jan. 1, 1999–Mar. 31, 1999

4.5%

568

Apr. 1, 1999–Sep. 30, 1999

5.5%

570

Jul. 1, 1999–Sep. 30, 1999

5.5%

570

Oct. 1, 1999–Dec. 31, 1999

5.5%

570

Jan. 1, 2000–Mar. 31, 2000

5.5%

618

Apr. 1, 2000–Jun. 30, 2000

6.5%

620

Jul. 1, 2000–Sep. 30, 2000

6.5%

620

Oct. 1, 2000–Dec. 31, 2000

6.5%

620

Jan. 1, 2001–Mar. 31, 2001

6.5%

572

Apr. 1, 2001–Jun. 30, 2001

5.5%

570

Jul. 1, 2001–Sep. 30, 2001

4.5%

568

Oct. 1, 2001–Dec. 31, 2001

4.5%

568

Jan. 1, 2002–Mar. 31, 2002

3.5%

566

Apr. 1, 2002–Jun. 30, 2002

3.5%

566

Jul. 1, 2002–Sep. 30, 2002

3.5%

566

Oct. 1, 2002–Dec. 31, 2002

3.5%

566

Jan. 1, 2003–Mar. 31, 2003

2.5%

564

Apr. 1, 2003–Jun. 30, 2003

2.5%

564

Jul. 1, 2003–Sep. 30, 2003

2.5%

564

Oct. 1, 2003–Dec. 31, 2003

1.5%

562

Jan. 1, 2004–Mar. 31, 2004

1.5%

610

Apr. 1, 2004–Jun. 30, 2004

2.5%

612

September 11, 2023

814

Bulletin No. 2023–37

Jul. 1, 2004–Sep. 30, 2004

1.5%

610

Oct. 1, 2004–Dec. 31, 2004

2.5%

612

Jan. 1, 2005–Mar. 31, 2005

2.5%

564

Apr. 1, 2005–Jun. 30, 2005

3.5%

566

Jul. 1, 2005–Sep. 30, 2005

3.5%

566

Oct. 1, 2005–Dec. 31, 2005

4.5%

568

Jan. 1, 2006–Mar. 31, 2006

4.5%

568

Apr. 1, 2006–Jun. 30, 2006

4.5%

568

Jul. 1, 2006–Sep. 30, 2006

5.5%

570

Oct. 1, 2006–Dec. 31, 2006

5.5%

570

Jan. 1, 2007–Mar. 31, 2007

5.5%

570

Apr. 1, 2007–Jun. 30, 2007

5.5%

570

Jul. 1, 2007–Sep. 30, 2007

5.5%

570

Oct. 1, 2007–Dec. 31, 2007

5.5%

570

Jan. 1, 2008–Mar. 31, 2008

4.5%

616

Apr. 1, 2008–Jun. 30, 2008

3.5%

614

Jul. 1, 2008–Sep. 30, 2008

2.5%

612

Oct. 1, 2008–Dec. 31, 2008

3.5%

614

Jan. 1, 2009–Mar. 31, 2009

2.5%

564

Apr. 1, 2009–Jun. 30, 2009

1.5%

562

Jul. 1, 2009–Sep. 30, 2009

1.5%

562

Oct. 1, 2009–Dec. 31, 2009

1.5%

562

Jan. 1, 2010–Mar. 31, 2010

1.5%

562

Apr. 1, 2010–Jun. 30, 2010

1.5%

562

Jul. 1, 2010–Sep. 30, 2010

1.5%

562

Oct. 1, 2010–Dec. 31, 2010

1.5%

562

Jan. 1, 2011–Mar. 31, 2011

0.5%*

Apr. 1, 2011–Jun. 30, 2011

1.5%

562

Jul. 1, 2011–Sep. 30, 2011

1.5%

562

Oct. 1, 2011–Dec. 31, 2011

0.5%*

Jan. 1, 2012–Mar. 31, 2012

0.5%*

Apr. 1, 2012–Jun. 30, 2012

0.5%*

Jul. 1, 2012–Sep. 30, 2012

0.5%*

Oct. 1, 2012–Dec. 31, 2012

0.5%*

Jan. 1, 2013–Mar. 31, 2013

0.5%*

Apr. 1, 2013–Jun. 30, 2013

0.5%*

Jul. 1, 2013–Sep. 30, 2013

0.5%*

Oct. 1, 2013–Dec. 31, 2013

0.5%*

Jan. 1, 2014–Mar. 31, 2014

0.5%*

Apr. 1, 2014–Jun. 30, 2014

0.5%*

Jul. 1, 2014–Sep. 30, 2014

0.5%*

Oct. 1, 2014–Dec. 31, 2014

0.5%*

Bulletin No. 2023–37

815

September 11, 2023

Jan. 1, 2015–Mar. 31, 2015

0.5%*

Apr. 1, 2015–Jun. 30, 2015

0.5%*

Jul. 1, 2015–Sep. 30, 2015

0.5%*

Oct. 1, 2015–Dec. 31, 2015

0.5%*

Jan. 1, 2016–Mar. 31, 2016

0.5%*

Apr. 1, 2016–Jun. 30, 2016

1.5%

610

Jul. 1, 2016–Sep. 30, 2016

1.5%

610

Oct. 1, 2016–Dec. 31, 2016

1.5%

610

Jan. 1, 2017–Mar. 31, 2017

1.5%

562

Apr. 1, 2017–Jun. 30, 2017

1.5%

562

Jul. 1, 2017–Sep. 30, 2017

1.5%

562

Oct. 1, 2017–Dec. 31, 2017

1.5%

562

Jan. 1, 2018–Mar. 31, 2018

1.5%

562

Apr. 1, 2018–Jun. 30, 2018

2.5%

564

Jul. 1, 2018–Sep. 30, 2018

2.5%

564

Oct. 1, 2018–Dec. 31, 2018

2.5%

564

Jan. 1, 2019–Mar. 31, 2019

3.5%

566

Apr. 1, 2019–Jun. 30, 2019

3.5%

566

Jul. 1, 2019–Sep. 30, 2019

2.5%

564

Oct. 1, 2019–Dec. 31, 2019

2.5%

564

Jan. 1, 2020–Mar. 31, 2020

2.5%

612

Apr. 1, 2020–Jun. 30, 2020

2.5%

612

Jul. 1, 2020–Sep. 30, 2020

0.5%*

Oct. 1, 2020–Dec. 31, 2020

0.5%*

Jan. 1, 2021–Mar. 31, 2021

0.5%*

Apr. 1, 2021–Jun. 30, 2021

0.5%*

Jul. 1, 2021–Sep. 30, 2021

0.5%*

Oct. 1, 2021–Dec. 31, 2021

0.5%*

Jan. 1, 2022–Mar. 31, 2022

0.5%*

Apr. 1, 2022–Jun. 30, 2022

1.5%

562

Jul. 1, 2022–Sep. 30, 2022

2.5%

564

Oct. 1, 2022–Dec. 31, 2022

3.5%

566

Jan. 1, 2023–Mar. 31, 2023

4.5%

568

Apr. 1, 2023–Jun. 30, 2023

4.5%

568

Jul. 1, 2023–Sep. 30, 2023

4.5%

568

Oct. 1, 2023–Dec. 31, 2023

5.5%

570

* The asterisk reflects the interest factors for daily compound interest for annual rates of 0.5 percent published in Appendix A of

this Revenue Ruling.

September 11, 2023

816

Bulletin No. 2023–37

Part III

Guidance on Section 603

of the SECURE 2.0 Act

with Respect to Catch‑Up

Contributions

Notice 2023‑62

I. PURPOSE

This notice provides guidance with

respect to section 603 of Division T of

the Consolidated Appropriations Act,

2023, Pub. L. 117‑328, 136 Stat. 4459

(2022), known as the SECURE 2.0 Act

of 2022 (SECURE 2.0 Act). Among other

changes, section 603 of the SECURE 2.0

Act requires that, in the case of certain eligible participants, catch‑up contributions

under section 414(v)(1) of the Internal

Revenue Code (Code) must be designated as Roth contributions pursuant to an

employee election.

This notice is not intended to provide

comprehensive guidance as to section

603 of the SECURE 2.0 Act, but rather is

intended to provide guidance on particular

issues to assist in the implementation of

that section. This notice also announces

a 2‑year administrative transition period

with respect to the requirement under

section 603 of the SECURE 2.0 Act that

catch‑up contributions made on behalf of

certain eligible participants be designated

as Roth contributions. The Department

of the Treasury (Treasury Department)

and the Internal Revenue Service (IRS)

have been made aware of taxpayer concerns with being able to timely implement

section 603 of the SECURE 2.0 Act. The

administrative transition period described

in this notice is intended to facilitate an

orderly transition for compliance with that

requirement.

The Treasury Department and the

IRS continue to work on implementation

of section 603 of the SECURE 2.0 Act

and intend to issue further guidance, as

described in section V of this notice. The

Treasury Department and the IRS invite

comments on this notice and any other

aspect of section 603 of the SECURE 2.0

Act.

II. BACKGROUND

Section 414(v)(1) of the Code provides that an applicable employer plan (as

defined in section 414(v)(6)(A)) will not

be treated as failing to meet any requirement of the Code solely because the plan

permits an eligible participant (as defined

in section 414(v)(5)) to make additional

elective deferrals under section 414(v)

(catch‑up contributions) in any plan year.

Section 414(v)(3)(A)(i) further provides

that a catch‑up contribution is not, with

respect to the year in which the contribution is made, subject to any otherwise

applicable limitation contained in section 401(a)(30) (that is, the limitation on

the exclusion of elective deferrals from

gross income under section 402(g)(1)(A)),

403(b) (including the requirement under

section 403(b)(1)(E) that a contract purchased under a salary reduction agreement

satisfy the requirements of section 401(a)

(30)), or 457(b)(2) (determined without

regard to section 457(b)(3)), among other

provisions.

Section 603(a) of the SECURE 2.0

Act amends section 414(v) of the Code

to add section 414(v)(7). Section 414(v)

(7)(A) generally provides that, in the case

of an eligible participant whose wages (as

defined in section 3121(a)) for the preceding calendar year from the employer

sponsoring the plan exceed $145,000 (as

adjusted under section 414(v)(7)(E)), section 414(v)(1) applies only if any catch‑up

contributions are designated Roth contributions (as defined in section 402A(c)(1))

made pursuant to an employee election.

Section 414(v)(7)(B) provides that, in

the case of an applicable employer plan

with respect to which section 414(v)(7)

(A) applies to any participant for a plan

year, section 414(v)(1) does not apply to

the plan unless the plan provides that any

eligible participant may make catch‑up

contributions as designated Roth contributions. Thus, if a plan provides that an

eligible participant who is subject to the

requirements of section 414(v)(7)(A) may

make catch‑up contributions as designated

Roth contributions, then all eligible participants in the plan must be permitted to

make catch‑up contributions as designated

Roth contributions.

Section 414(v)(7)(C) provides that

section 414(v)(7)(A) does not apply in

the case of an applicable employer plan

described in section 414(v)(6)(A)(iv) (a

SEP arrangement under section 408(k) or a

SIMPLE IRA plan under section 408(p)).

Thus, section 414(v)(7)(A) applies in the

case of an applicable employer plan that

is a qualified plan under section 401(a)

(including a section 401(k) plan), a section 403(b) plan, or a section 457(b) plan

maintained by an employer described in

section 457(e)(1)(A) (an eligible governmental plan).

Section 414(v)(7)(D) provides that the

Secretary (the Secretary of the Treasury or

the Secretary’s delegate) may provide by

regulations that an eligible participant may

elect to change the participant’s election

to make catch‑up contributions if the participant’s compensation is determined to

exceed the limitation under section 414(v)

(7)(A) after the election is made.

Section 603(b) of the SECURE 2.0 Act

includes conforming amendments with

respect to section 603(a). Section 603(b)

(1) of the SECURE 2.0 Act strikes section 402(g)(1)(C) of the Code. Prior to

that amendment, section 402(g)(1)(C)

provided that an eligible participant’s

gross income does not include elective

deferrals in excess of the applicable dollar

amount under section 402(g)(1)(B)1 to the

extent that the amount of those elective

deferrals does not exceed the applicable

dollar amount under section 414(v)(2)(B)

(i)2 for the taxable year (without regard

to the treatment of the elective deferrals

by an applicable employer plan under

section 414(v)).

The applicable dollar amount under section 402(g)(1)(B) is $22,500 for 2023.

The applicable dollar amount under section 414(v)(2)(B)(i) is $7,500 for 2023.

Bulletin No. 2023–37

817

September 11, 2023

Section 603(b)(2) of the SECURE 2.0

Act amends section 457(e)(18)(A)(ii) of

the Code to replace “the applicable dollar

amount for the taxable year determined

under section 414(v)(2)(B)(i), or” with

“the lesser of any designated Roth contributions made by the participant to the

plan or the applicable dollar amount for

the taxable year determined under section 414(v)(2)(B)(i), or”.

Section 603(c) of the SECURE 2.0 Act

provides that the amendments made by

section 603 apply to taxable years beginning after December 31, 2023.

III. GUIDANCE ON SECTION 603

OF THE SECURE 2.0 ACT

A. Catch‑Up Contributions for Taxable

Years Beginning After December 31,

2023

Pursuant to section 414(v)(1), an applicable employer plan is not treated as failing to meet any requirement of the Code

solely because the plan permits an eligible

participant to make catch‑up contributions

under section 414(v) in any plan year.

Accordingly, for taxable years beginning

after December 31, 2023, an applicable

employer plan may permit an eligible participant to make elective deferrals under

the plan that exceed the applicable dollar amount under section 402(g)(1)(B)

(or deferrals under the plan that exceed

the applicable dollar amount under section 457(e)(15)) if those contributions in

excess of the applicable dollar amount satisfy the requirements under section 414(v)

for catch‑up contributions. The elimination of section 402(g)(1)(C) of the Code

under section 603(b)(1) of the SECURE

2.0 Act does not change this result for taxable years beginning after December 31,

2023.3

If an eligible participant is subject to

the requirements of section 414(v)(7)

(A), then any catch‑up contributions that

are made to the plan on behalf of the

participant must be designated as Roth

contributions. However, if an eligible participant is not subject to the requirements

of section 414(v)(7)(A), then any catch‑up

contributions that are made to the plan on

behalf of the participant are not required

to be designated as Roth contributions.

In that case, any catch‑up contributions

under section 414(v) that are made to the

plan on behalf of the participant that are

not designated as Roth contributions are

not includible in the participant’s gross

income under section 402(g)(1)(A) (and

do not exceed the limitation in section

457(b)(2)) because, in accordance with

section 414(v)(3)(A)(i), the limitations on

elective deferrals under sections 401(a)

(30) and 403(b) (and the limitation on

deferrals under section 457(b)(2)) do not

apply to those catch‑up contributions.

B. Elective Deferrals Made to Two or

More Plans

If an individual makes elective deferrals to two or more plans during a taxable year (including plans maintained by

unrelated employers), then, under section

402(g)(1)(A), those elective deferrals are

aggregated for purposes of determining

whether the amount of the individual’s

elective deferrals exceeds the applicable

dollar amount under section 402(g)(1)(B).

Similarly, an eligible participant’s elective deferrals made to two or more plans

during a taxable year are also aggregated

for purposes of applying the limitation

on the amount of catch‑up contributions

under section 414(v)(2). The elimination

of section 402(g)(1)(C) of the Code under

section 603(b)(1) of the SECURE 2.0 Act

does not change this result for taxable

years beginning after December 31, 2023.4

IV. ADMINISTRATIVE

TRANSITION PERIOD

Under section 603(c) of the SECURE

2.0 Act, the provisions of section 603

apply to taxable years beginning after

December 31, 2023. However, the first two

taxable years beginning after December

31, 2023, will be regarded as an administrative transition period with respect to the

requirement under section 414(v)(7)(A)

of the Code that catch‑up contributions

made on behalf of certain eligible participants be designated as Roth contributions.

Specifically, until taxable years beginning after December 31, 2025, (1) those

catch-up contributions will be treated

as satisfying the requirements of section

414(v)(7)(A), even if the contributions are

not designated as Roth contributions, and

(2) a plan that does not provide for designated Roth contributions will be treated

as satisfying the requirements of section

414(v)(7)(B).

V. GUIDANCE UNDER

CONSIDERATION REGARDING

SECTION 603 OF THE SECURE 2.0

ACT

As noted in section I of this notice, the

Treasury Department and the IRS intend

to issue further guidance to assist taxpayers with the implementation of section 603

of the SECURE 2.0 Act. The guidance

that the Treasury Department and the IRS

anticipate issuing with respect to section

603 of the SECURE 2.0 Act, after taking

into account any comments received, is

expected to include:

1. Guidance clarifying that section 414(v)(7)(A) of the Code would

not apply in the case of an eligible

participant who does not have wages

as defined in section 3121(a) (that is,

wages for purposes of the Federal

Insurance Contributions Act (FICA))

for the preceding calendar year from

the employer sponsoring the plan.

For example, under that guidance, if

an eligible participant did not have

any wages for purposes of FICA for

the preceding calendar year because

the individual was a partner (or other

self-employed individual) receiving

self-employment income or because

the individual was a State or local

government employee whose services

were excluded from the definition of

employment under section 3121(b)

(7), then the eligible participant

would not be subject to the requirements of section 414(v)(7)(A).

Proposed regulations, which were issued before the enactment in 2002 of section 402(g)(1)(C), permitted catch‑up contributions in excess of the applicable dollar amount under section

402(g)(1)(B) or 457(e)(15) for purposes of section 414(v). See proposed § 1.414(v)‑1(a)(1) and (b)(1)(i), 66 FR 53555 (the 2001 NPRM).

Proposed § 1.414(v)‑1(g) of the 2001 NPRM also provided for aggregation of an eligible participant’s elective deferrals made to two or more plans for purposes of section 414(v)(2).

September 11, 2023

818

Bulletin No. 2023–37

Guidance providing that, in the case

of an eligible participant who is subject to section 414(v)(7)(A), the plan

administrator and the employer would

be permitted to treat an election by

the participant to make catch‑up contributions on a pre‑tax basis as an

election by the participant to make

catch‑up contributions that are designated Roth contributions.5

Guidance addressing an applicable

employer plan that is maintained by

more than one employer (including

a multiemployer plan). The guidance would provide that an eligible

participant’s wages for the preceding

calendar year from one participating

employer would not be aggregated

with the wages from another participating employer for purposes of

determining whether the participant’s

wages for that year exceed $145,000

(as adjusted). For example, under

that guidance, if an eligible participant’s wages for a calendar year

were: (1) $100,000 from one participating employer; and (2) $125,0000

from another participating employer,

then the participant’s catch‑up contributions under the plan for the next

year would not be subject to section 414(v)(7)(A) (even if the participant’s aggregate wages from the

participating employers for the prior

calendar year exceed $145,000, as

adjusted). The guidance also would

provide that, even if an eligible participant is subject to section 414(v)(7)

(A) because the participant’s wages

from one participating employer in

the plan for the preceding calendar

year exceed $145,000 (as adjusted),

elective deferrals made on behalf

of the participant by another participating employer that are catch‑up

contributions would not be required

to be designated as Roth contributions unless the participant’s wages

for the preceding calendar year from

that other employer also exceed that

amount.

VI. REQUEST FOR COMMENTS

The Treasury Department and the IRS

invite comments and suggestions regarding the matters discussed in this notice

and any other aspect of section 603 of

the SECURE 2.0 Act. In particular, the

Treasury Department and the IRS request

comments on section V of this notice.

In addition, comments are requested

with respect to whether the intended guidance should address a plan that permits

eligible participants to make catch‑up

contributions under section 414(v) but

does not include a qualified Roth contribution program. In particular, should the

guidance provide that such a plan will not

fail to satisfy section 414(v)(4) (which

provides that all eligible participants must

be allowed to make the same election with

respect to catch‑up contributions) or section 414(v)(7)(B), merely because the plan

provides that eligible participants who are

not subject to section 414(v)(7)(A) are

permitted to make catch‑up contributions

while eligible participants who are subject to section 414(v)(7)(A) are prohibited

from making catch‑up contributions.6

Comments should be submitted in

writing on or before October 24, 2023,

and should include a reference to Notice

2023‑62. Comments may be submitted

electronically via the Federal eRulemaking Portal at www.regulations.gov (type

“IRS‑2023‑0039” in the search field

on the Regulations.gov home page to

find this notice and submit comments).

Alternatively, comments may be submitted by mail to: Internal Revenue Service,

Attn: CC:PA:LPD:PR (Notice 2023‑62),

Room 5203, P.O. Box 7604, Ben Franklin

Station, Washington, D.C. 20044.

The Treasury Department and the IRS

will publish for public availability any

comment submitted electronically or on

paper to its public docket.

VII. DRAFTING INFORMATION

The principal author of this notice

is the Office of Associate Chief

Counsel (Employee Benefits, Exempt

Organizations, and Employment Taxes).

However, other personnel from the

Treasury Department and the IRS participated in the development of this guidance. For further information regarding

this notice, contact Kara M. Soderstrom at

(202) 317‑6799 (not a toll‑free number).

26 CFR 601.105: Examination of returns and claims

for refund, credit, or abatement; determination of

correct tax liability.

(Also Part 1, §§ 36B, 1.36B-2, 1.36B-3.)

Rev. Proc. 2023-29

SECTION 1. PURPOSE

This revenue procedure provides the

applicable percentage table (Applicable

Percentage Table) in § 36B(b)(3)(A) of the

Internal Revenue Code (Code) for taxable

years beginning in calendar year 2024.1

This table is used to calculate an individual’s premium tax credit under § 36B.

This revenue procedure also provides

the indexing adjustment for the required

contribution

percentage

(Required

Contribution Percentage) in § 36B(c)(2)

(C)(i)(II) for plan years beginning in calendar year 2024. This percentage is used

to determine whether an individual is eligible for affordable employer-sponsored

minimum essential coverage under § 36B.

Under section 402A(c)(1)(B), an employee may designate elective deferrals as Roth contributions at such time and in such manner as the Secretary may prescribe. Sections 1.401(k)‑1(f)

(1)(i) and 1.403(b)‑3(c)(1) provide that a designation of an elective contribution as a Roth contribution must be made at the time of the cash or deferred election, and a similar rule applies

to an eligible governmental plan.

Under section 402A(a), an applicable retirement plan may, but is not required to, include a qualified Roth contribution program. However, in the case of an eligible participant who is

subject to section 414(v)(7)(A), the catch‑up contribution provisions of section 414(v)(1) apply only if any catch‑up contributions are designated as Roth contributions. Accordingly, if an

applicable employer plan does not include a qualified Roth contribution program, then an eligible participant who is subject to section 414(v)(7)(A) would be prohibited from making catch‑up

contributions under the plan.

Section 9661 of the American Rescue Plan Act of 2021, Public Law 117-2, 135 Stat. 4, 182 (2021) (ARPA), added § 36B(b)(3)(A)(iii) to the Code to provide an Applicable Percentage Table

that applies for taxable years beginning in calendar years 2021 and 2022. Section 12001(a) of the Inflation Reduction Act of 2022, Public Law 117-169, 136 Stat. 1818, 1905 (2022) (IRA)

extended to taxable years beginning in calendar years 2023-2025 the Applicable Percentage Table enacted by the ARPA. Section 36B(b)(3)(A)(iii) also suspends indexing of the Applicable

Percentage Table for taxable years 2021-2025.

Bulletin No. 2023–37

819

September 11, 2023

SECTION 2. ADJUSTED ITEMS

.01

Applicable

Percentage

Table

for 2024. For taxable years beginning

in calendar year 2024, the Applicable

Percentage Table for purposes of § 36B(b)

Household income percentage of Federal poverty line:

Less than 150%

At least 150% but less than 200%

At least 200% but less than 250%

At least 250% but less than 300%

At least 300% but less than 400%

At least 400% and higher

.02 Required Contribution Percentage

for 2024.

(1) Section 9661 of the ARPA and §

12001(a) of the IRA did not amend the

rules under § 36B(c)(2)(C)(iv) relating

to the Required Contribution Percentage,

including the rules relating to the indexing

of the Required Contribution Percentage.

See § 36B(b)(3)(A)(iii)(I). The Required

Contribution Percentage for plan years

beginning in calendar year 2024 is indexed

based on the rates of premium growth relative to the rates of income growth in guidance issued by the Department of Health

and Human Services (HHS).2 In addition, the additional adjustment provided

in § 36B(b)(3)(A)(ii)(II) is not required

Initial percentage

0.00%

2.00%

4.00%

6.00%

8.50%

for plan years beginning in 2024 because

the Department of the Treasury and the

Internal Revenue Service have determined

that the failsafe exception described in

§ 36B(b)(3)(A)(ii)(III) applies for plan

years beginning in calendar year 2024.

(2) For plan years beginning in calendar year 2024, the Required Contribution

Percentage for purposes of § 36B(c)(2)(C)

(i)(II) and § 1.36B-2(c)(3)(v)(C) is 8.39%.

SECTION 3. EFFECT ON OTHER

DOCUMENTS

Rev. Proc. 2014-37, 2014-2 C.B. 363,

is supplemented.

(3)(A) and § 1.36B-3(g) of the Income

Tax Regulations is:

Final percentage

0.00%

2.00%

4.00%

6.00%

8.50%

SECTION 4. EFFECTIVE DATE

This revenue procedure is effective for

taxable years and plan years beginning in

calendar year 2024.

SECTION 5. DRAFTING

INFORMATION

The principal author of this revenue procedure is Clara L. Raymond of

the Office of Associate Chief Counsel

(Income Tax and Accounting). For further

information regarding this revenue procedure, contact Ms. Raymond at (202) 3174718 (not a toll-free number).

The rate of premium growth and the rate of income growth for calendar year 2024 are calculated using the NHEA Projections, 2021-2030, available at: https://www.cms.gov/ResearchStatistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NationalHealthAccountsProjected, which reflect the most recent projections, and the methodology

used to calculate the same rates of growth in the Premium Adjustment Percentage guidance for the 2024 benefit year published by the Center for Medicare and Medicaid Services on December

12, 2022, available at: https://www.cms.gov/files/document/2024-papi-parameters-guidance-2022-12-12.pdf.

September 11, 2023

820

Bulletin No. 2023–37

Part IV

Deletions From Cumulative

List of Organizations,

Contributions to Which are

Deductible Under Section

170 of the Code

Announcement 2023-25

Table of Contents

The Internal Revenue Service has

revoked its determination that the organizations listed below qualify as organizations described in sections 501(c)(3) and

170(c)(2) of the Internal Revenue Code of

1986.

NAME OF ORGANIZATION

UNITED WAY OF SAN DIEGO

Bulletin No. 2023–37

Generally, the IRS will not disallow

deductions for contributions made to a

listed organization on or before the date

of announcement in the Internal Revenue

Bulletin that an organization no longer

qualifies. However, the IRS is not precluded from disallowing a deduction for

any contributions made after an organization ceases to qualify under section 170(c)

(2) if the organization has not timely filed

a suit for declaratory judgment under section 7428 and if the contributor (1) had

knowledge of the revocation of the ruling

or determination letter, (2) was aware that

such revocation was imminent, or (3) was

in part responsible for or was aware of the

activities or omissions of the organization

that brought about this revocation.

Effective

Date of

Revocation

03/26/2019

821

If on the other hand a suit for declaratory judgment has been timely filed,

contributions from individuals and organizations described in section 170(c)(2)

that are otherwise allowable will continue

to be deductible. Protection under section 7428(c) would begin on September

11, 2023 and would end on the date the

court first determines the organization is

not described in section 170(c)(2) as more

particularly set for in section 7428(c)(1).

For individual contributors, the maximum

deduction protected is $1,000, with a husband and wife treated as one contributor.

This benefit is not extended to any individual, in whole or in part, for the acts or

omissions of the organization that were

the basis for revocation.

LOCATION

STATEN ISLAND, NY

September 11, 2023

Deletions From Cumulative

List of Organizations,

Contributions to Which are

Deductible Under Section

170 of the Code

Announcement 2023-26

The Internal Revenue Service has

revoked its determination that the organizations listed below qualify as organizations described in sections 501(c)(3) and

170(c)(2) of the Internal Revenue Code of

1986.

Generally, the IRS will not disallow

deductions for contributions made to a

listed organization on or before the date

of announcement in the Internal Revenue

Bulletin that an organization no longer

qualifies. However, the IRS is not precluded from disallowing a deduction for

any contributions made after an organization ceases to qualify under section 170(c)

(2) if the organization has not timely filed

a suit for declaratory judgment under section 7428 and if the contributor (1) had

knowledge of the revocation of the ruling

or determination letter, (2) was aware that

such revocation was imminent, or (3) was

in part responsible for or was aware of the

activities or omissions of the organization

that brought about this revocation.

NAME OF ORGANIZATION

HOME OF CHRIST

GREEN GATES ANIMAL SANCTUARY

HAITIAN SALESIEN ALUMNI ASSOCIATES

SUPERIOR TRAP AND GUN CLUB LTD

ARTS INSTITUTE INTERNATIONAL LLC

September 11, 2023

Effective

Date of

Revocation

N/A CHURCH

01/01/2020

01/01/2018

01/01/2019

01/01/2020

822

If on the other hand a suit for declaratory judgment has been timely filed,

contributions from individuals and organizations described in section 170(c)(2)

that are otherwise allowable will continue

to be deductible. Protection under section 7428(c) would begin on September

11, 2023 and would end on the date the

court first determines the organization is

not described in section 170(c)(2) as more

particularly set for in section 7428(c)(1).

For individual contributors, the maximum

deduction protected is $1,000, with a husband and wife treated as one contributor.

This benefit is not extended to any individual, in whole or in part, for the acts or

omissions of the organization that were

the basis for revocation.

LOCATION

SAN JOSE, CA

ROWE, NM

FLEETWOOD, NY

SUPERIOR, WI

HOUSTON, TX

Bulletin No. 2023–37

Correction to Revenue Procedure 2023-27, I.R.B. 2023-35

Announcement 2023-28

This document contains corrections to Revenue Procedure 2023-27, as published on Monday, August 28, 2023 (I.R.B. 2023-35, 655).

In particular, this announcement corrects the following administrative items.

Correction 1:

In Section 10.01, In general, Section 10.02, Documentation and attestation requirements, and Section 12.01, In general, a citation

incorrectly appears as §1.48-1(k). The correct citation is §1.48(e)-1(k).

Correction 2:

In Section 10.02(4), a citation incorrectly appears as §1.48(e)-1(e)(4). The correct citation is §1.48(e)-1(e)(6).

Correction 3:

In Section 12.02, Reduction in Increased Energy Percentage, a citation incorrectly appears as §48(e)(2)(B). The correct citation is

§48(e)(1)(B).

Correction 4:

In Section 13.02, Additional Selection Criteria, a citation incorrectly appears as §1.48(e)-1(m)(v). The correct citation is

§1.48(e)-1(m)(5).

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September 11, 2023

Definition of Terms

Revenue rulings and revenue procedures

(hereinafter referred to as “rulings”) that

have an effect on previous rulings use the

following defined terms to describe the

effect:

Amplified describes a situation where

no change is being made in a prior published position, but the prior position is

being extended to apply to a variation of

the fact situation set forth therein. Thus, if

an earlier ruling held that a principle applied to A, and the new ruling holds that

the same principle also applies to B, the

earlier ruling is amplified. (Compare with

modified, below).

Clarified is used in those instances

where the language in a prior ruling is being made clear because the language has

caused, or may cause, some confusion. It

is not used where a position in a prior ruling is being changed.

Distinguished describes a situation

where a ruling mentions a previously published ruling and points out an essential

difference between them.

Modified is used where the substance

of a previously published position is being

changed. Thus, if a prior ruling held that a

principle applied to A but not to B, and the

new ruling holds that it applies to both A

and B, the prior ruling is modified because

it corrects a published position. (Compare

with amplified and clarified, above).

Obsoleted describes a previously published ruling that is not considered determinative with respect to future transactions.

This term is most commonly used in a ruling

that lists previously published rulings that

are obsoleted because of changes in laws or

regulations. A ruling may also be obsoleted

because the substance has been included in

regulations subsequently adopted.

Revoked describes situations where the

position in the previously published ruling

is not correct and the correct position is

being stated in a new ruling.

Superseded describes a situation where

the new ruling does nothing more than

restate the substance and situation of a

previously published ruling (or rulings).

Thus, the term is used to republish under

the 1986 Code and regulations the same

position published under the 1939 Code

and regulations. The term is also used

when it is desired to republish in a single

ruling a series of situations, names, etc.,

that were previously published over a

period of time in separate rulings. If the

new ruling does more than restate the substance of a prior ruling, a combination of

terms is used. For example, modified and

superseded describes a situation where the

substance of a previously published ruling

is being changed in part and is continued

without change in part and it is desired to

restate the valid portion of the previously published ruling in a new ruling that is

self contained. In this case, the previously

published ruling is first modified and then,

as modified, is superseded.

Supplemented is used in situations in

which a list, such as a list of the names of

countries, is published in a ruling and that

list is expanded by adding further names

in subsequent rulings. After the original

ruling has been supplemented several

times, a new ruling may be published that

includes the list in the original ruling and

the additions, and supersedes all prior rulings in the series.

Suspended is used in rare situations

to show that the previous published rulings will not be applied pending some

future action such as the issuance of new

or amended regulations, the outcome of

cases in litigation, or the outcome of a

Service study.

Abbreviations

The following abbreviations in current

use and formerly used will appear in

material published in the Bulletin.

A—Individual.

Acq.—Acquiescence.

B—Individual.

BE—Beneficiary.

BK—Bank.

B.T.A.—Board of Tax Appeals.

C—Individual.

C.B.—Cumulative Bulletin.

CFR—Code of Federal Regulations.

CI—City.

COOP—Cooperative.

Ct.D.—Court Decision.

CY—County.

D—Decedent.

DC—Dummy Corporation.

DE—Donee.

Del. Order—Delegation Order.

DISC—Domestic International Sales Corporation.

DR—Donor.

E—Estate.

EE—Employee.

E.O.—Executive Order.

ER—Employer.

Bulletin No. 2023–37

ERISA—Employee Retirement Income Security Act.

EX—Executor.

F—Fiduciary.

FC—Foreign Country.

FICA—Federal Insurance Contributions Act.

FISC—Foreign International Sales Company.

FPH—Foreign Personal Holding Company.

F.R.—Federal Register.

FUTA—Federal Unemployment Tax Act.

FX—Foreign corporation.

G.C.M.—Chief Counsel’s Memorandum.

GE—Grantee.

GP—General Partner.

GR—Grantor.

IC—Insurance Company.

I.R.B.—Internal Revenue Bulletin.

LE—Lessee.

LP—Limited Partner.

LR—Lessor.

M—Minor.

Nonacq.—Nonacquiescence.

O—Organization.

P—Parent Corporation.

PHC—Personal Holding Company.

PO—Possession of the U.S.

PR—Partner.

PRS—Partnership.

PTE—Prohibited Transaction Exemption.

Pub. L.—Public Law.

REIT—Real Estate Investment Trust.

Rev. Proc.—Revenue Procedure.

Rev. Rul.—Revenue Ruling.

S—Subsidiary.

S.P.R.—Statement of Procedural Rules.

Stat.—Statutes at Large.

T—Target Corporation.

T.C.—Tax Court.

T.D.—Treasury Decision.

TFE—Transferee.

TFR—Transferor.

T.I.R.—Technical Information Release.

TP—Taxpayer.

TR—Trust.

TT—Trustee.

U.S.C.—United States Code.

X—Corporation.

Y—Corporation.

Z—Corporation.

September 11, 2023

Numerical Finding List1

Bulletin 2023–37

Announcements:

2023-18, 2023-30 I.R.B. 366

2023-19, 2023-30 I.R.B. 367

2023-20, 2023-30 I.R.B. 368

2023-17, 2023-31 I.R.B. 412

2023-21, 2023-31 I.R.B. 413

2023-22, 2023-32 I.R.B. 429

2023-23, 2023-34 I.R.B. 569

2023-24, 2023-35 I.R.B. 661

2023-25, 2023-37 I.R.B. 821

2023-26, 2023-37 I.R.B. 822

2023-28, 2023-37 I.R.B. 823

Treasury Decisions:

9976, 2023-30 I.R.B. 354

9977, 2023-31 I.R.B. 375

9978, 2023-32 I.R.B. 415

9979, 2023-35 I.R.B. 602

Notices:

2023-29, 2023-29 I.R.B. 1

2023-45, 2023-29 I.R.B. 317

2023-47, 2023-29 I.R.B. 318

2023-37, 2023-30 I.R.B. 359

2023-50, 2023-30 I.R.B. 361

2023-51, 2023-30 I.R.B. 362

2023-54, 2023-31 I.R.B. 382

2023-53, 2023-32 I.R.B. 424

2023-55, 2023-32 I.R.B. 427

2023-57, 2023-34 I.R.B. 560

2023-58, 2023-34 I.R.B. 563

2023-59, 2023-34 I.R.B. 564

2023-52, 2023-35 I.R.B. 650

2023-61, 2023-35 I.R.B. 651

2023-62, 2023-37 I.R.B. 817

Proposed Regulations:

REG-124123-22, 2023-30 I.R.B. 369

REG-124930-21, 2023-31 I.R.B. 431

REG-120730-21, 2023-33 I.R.B. 491

REG-134420-10, 2023-34 I.R.B. 571

REG-109348-22, 2023-35 I.R.B. 662

REG-120727-21, 2023-36 I.R.B. 670

Revenue Procedures:

2023-31, 2023-25 I.R.B. 386

2023-26, 2023-33 I.R.B. 486

2023-27, 2023-35 I.R.B. 655

2023-17, 2023-37 I.R.B. 819

Revenue Rulings:

2023-13, 2023-32 I.R.B. 413

2023-14, 2023-33 I.R.B. 484

2023-15, 2023-34 I.R.B. 559

2023-16, 2023-37 I.R.B. 796

2023-17, 2023-37 I.R.B. 798

A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2023–27 through 2023–52 is in Internal Revenue Bulletin

2023–52, dated December 27, 2023.

September 11, 2023

Bulletin No. 2023–37

Finding List of Current Actions on

Previously Published Items1

Bulletin 2023–37

A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2023–27 through 2023–52 is in Internal Revenue Bulletin

2023–52, dated December 27, 2023.

Bulletin No. 2023–37

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September 11, 2023

Internal Revenue Service

Washington, DC 20224

Official Business

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