Table of Contents

• Highlights of This Issue
  • INCOME TAX
    • Rev. Rul. 2009-17
    • Notice 2009-50
    • Notice 2009-54
  • EXEMPT ORGANIZATIONS
    • Announcement 2009-54
• Preface
  • The IRS Mission
  • Introduction
• Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
  • Rev. Rul. 2009-17
    • DRAFTING INFORMATION
• Part III. Administrative, Procedural, and Miscellaneous
  • Notice 2009-50
    • SECTION 1. PURPOSE
    • SECTION 2. BACKGROUND
      • .01 INTRODUCTION
      • .02 BACKGROUND ON BUILD AMERICA BONDS
    • SECTION 3. RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS
      • .01 RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS TREATED AS QUALIFIED BONDS UNDER § 6431
      • .02 DEFINITION OF RECOVERY ZONE ECONOMIC DEVELOPMENT BOND
      • .03 DEFINITION OF QUALIFIED ECONOMIC DEVELOPMENT PURPOSE
      • .04 CERTAIN OTHER APPLICABLE RULES
    • SECTION 4. RECOVERY ZONE FACILITY BONDS
      • .01 RECOVERY ZONE FACILITY BONDS TREATED AS EXEMPT FACILITY BONDS
      • .02 RECOVERY ZONE PROPERTY
      • .03 USE OF RECOVERY ZONE PROPERTY IN QUALIFIED BUSINESSES
      • .04 OTHER APPLICABLE RULES
    • SECTION 5. INTERIM GUIDANCE AND RELIANCE
      • .01 IN GENERAL
      • .02 REASONABLY REQUIRED RESERVE OR REPLACEMENT FUND
      • .03 INFORMATION REPORTING FOR RECOVERY ZONE BONDS
      • .04 ELIGIBLE ISSUERS IN GENERAL AND ALLOCATIONS OF VOLUME CAP TO ULTIMATE BENEFICIARIES
      • .05 WAIVERS OF VOLUME CAP ALLOCATIONS
      • .06 DESIGNATIONS OF RECOVERY ZONES
    • SECTION 6. ALLOCATIONS OF RECOVERY ZONE BOND VOLUME CAP
      • .01 VOLUME CAP DESIGNATIONS IN GENERAL
      • .02 VOLUME CAP ALLOCATIONS IN GENERAL
      • .03 STATE ALLOCATIONS OF RECOVERY ZONE BOND VOLUME CAP
      • .04 LOCAL SUBALLOCATIONS OF RECOVERY ZONE BOND VOLUME CAP AMONG COUNTIES AND LARGE MUNICIPALITIES
      • .05 SPECIAL RULES FOR VOLUME CAP ALLOCATIONS RECEIVED BY THE POSSESSIONS
    • SECTION 7. EFFECTIVE DATE OF VOLUME CAP ALLOCATIONS
    • SECTION 8. DRAFTING INFORMATION
  • Notice 2009-54
    • Section 1. PURPOSE
    • Section 2. BACKGROUND
    • Section 3. SCOPE OF NOTICE
    • Section 4. MEANING OF TERMS
    • Section 5. MANUFACTURER’S CERTIFICATION AND QUARTERLY REPORTS
    • Section 6. TIME AND ADDRESS FOR FILING CERTIFICATION AND QUARTERLY REPORTS
    • Section 7. PAPERWORK REDUCTION ACT
    • SECTION 8. DRAFTING INFORMATION
• Part IV. Items of General Interest
  • Announcement 2009-54
  • Announcement 2009-55
• Definition of Terms and Abbreviations
  • Definition of Terms
  • Abbreviations
• Numerical Finding List
  • Numerical Finding List
• Effect of Current Actions on Previously Published Items
  • Finding List of Current Actions on Previously Published Items
• How to get the Internal Revenue Bulletin
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  • We Welcome Comments About the Internal Revenue Bulletin