Internal Revenue Bulletin: 2010-49
December 6, 2010
This notice alerts taxpayers to an amendment made to section 833 of the Code by the Patient Protection and Affordable Care Act (H.R. 3590, P.L. 111-148). In addition, this notice provides transitional relief and interim guidance on the interpretation and application of the amendment and requests comments on what further guidance, if any, is needed.
Nonshareholder contribution to capital under section 118(a). This procedure provides a safe harbor under section 118(a) of the Code for the treatment of certain grants to corporations from the National Energy Technology Laboratory of the Department of Energy under the Electric Drive Vehicle Battery and Component Manufacturing Initiative as authorized by the American Recovery and Reinvestment Act of 2009 (ARRA).
Nonshareholder contribution to capital under section 118(a). This procedure provides a safe harbor under section 118(a) of the Code for certain amounts received by corporate taxpayers under certain Department of Transportation programs.
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