Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for March 2006.

Final regulations under section 468B of the Code provide rules for the taxation and reporting of income earned on qualified settlement funds, escrow accounts established in connection with sales of property, and disputed ownership funds. Rev. Rul. 77-230 obsoleted.

Proposed regulations under section 468B of the Code withdraw in part a notice of proposed rulemaking and re-propose rules relating to the taxation of the income earned on escrow accounts, trusts, and other funds used during deferred exchanges of like-kind property, and propose rules under section 7872 of the Code regarding below-market loans to facilitators of these exchanges. A public hearing is scheduled for June 6, 2006.

This notice, which supplements Notice 2005-98, 2005-52 I.R.B. 1211, provides guidance with respect to facilities that may be financed with the proceeds of clean renewable energy bonds under section 54(a) of the Code. In addition, the notice provides guidance with respect to the entities that may own facilities financed with the proceeds of clean renewable energy bonds and the entities that may issue clean renewable energy bonds. Notice 2005-98 supplemented.