Internal Revenue Bulletin:  2013-24 

June 10, 2013 


Notice 2013-36 Notice 2013-36

This notice updates the appendix to Notice 2013-1, which lists the Indian tribes that have settled tribal trust cases against the United States. Notice 2012-60 originally was published in I.R.B. 2012-41 (October 9, 2012). Notice 2012-60 was superceded by Notice 2013-1 I.R.B. 2013-3, and the appendix to Notice 2013-1 was superceded by Notice 2013-16 (I.R.B. 2013-14). However, three additional tribes have settled cases against the United States since the publication of Notice 2013-16, so this notice modifies and supersedes the appendix to Notice 2013-16.

Rev. Proc. 2013-27 Rev. Proc. 2013-27

This proposed revenue procedure provides issuers of qualified mortgage bonds, as defined in § 143(a) of the Code, and issuers of mortgage credit certificates, as defined in § 25(c), with the United States median gross income figure most recently computed by the Department of Housing and Urban Development (HUD). The proposed revenue procedure also provides these issuers with guidance concerning the area median gross incomes as computed by HUD. Issuers of qualified mortgage bonds (QMB) and mortgage credit certificates (MCC) must use these income figures in determining whether the income limitation placed on the beneficiaries of the mortgages and certificates may be increased because the residences to be financed are located in high housing cost areas. See §§ 25(c)(2)(A)(iii)(IV) and 143(f)(5). Rev. Proc. 2012-16 is obsoleted with exceptions.

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