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 May 2015.

The notice provides adjusted limitations on housing expenses for tax year 2015 for purposes of section 911 of the Code.

Section 301 of James Zadroga 9/11 Health and Compensation Act of 2010, Public Law 111–347 (124 Stat. 3623) (the “Act”) added section 5000C to the Internal Revenue Code that imposes a 2 percent tax on payments made by the U.S. government to foreign persons pursuant to certain contracts. In addition, section 301(c) of the Act requires that section 5000C be applied in a manner consistent with the United States’ obligations under international agreements. Accordingly, section 5000C will not be applied if the payment is made to a foreign person entitled to relief from the tax imposed under section 5000C pursuant to an international agreement with the United States, including relief pursuant to a non-discrimination provision of a qualified income tax treaty when the foreign person is entitled to the benefit of that provision. Notice 2015–35 provides a current list of all "qualified income tax treaties" for purposes of section 5000C.

This notice advises taxpayers that they may continue to rely on Rev. Proc. 2014–35, which provides safe harbors for applying the general welfare exclusion to Indian tribal government programs, following passage of the Tribal General Welfare Exclusion Act of 2014 and requests comments on interpreting certain provisions of the Act.