This is the table of contents of Internal Revenue Bulletin IRB 2023-22. Click on an entry to view the entry. Items shown under "Highlights of This Issue" open summaries of each IRB-referenced document only. Scroll to Parts I, II, etc. to view the full text versions of each IRB-referenced document. Use the "Keyword Search" option of TouchTax to search the full text of all Internal Revenue Bulletins, including this IRB.
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This notice describes proposed amendments to the Income Tax Regulations (26 CFR part 1) under § 148 of the Internal Revenue Code (Code) that the Department of the Treasury and the Internal Revenue Service intend to issue (forthcoming proposed regulations) regarding an exception to the arbitrage investment restrictions under § 148 applicable to bonds the interest on which is excludable from gross income under § 103(a) (tax-exempt bonds). Specifically, the forthcoming proposed regulations will amend § 1.148-11(d)(1)(i)(F) regarding whether certain perpetual trust funds created and controlled by States that are pledged as credit enhancement to guarantee tax-exempt bonds will be treated as replacement proceeds of the guaranteed bonds for purposes of the arbitrage investment restrictions on tax-exempt bonds under § 148.
This revenue procedure provides the 2024 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code and the maximum amount that may be made newly available for excepted benefit health reimbursement arrangements (HRAs) provided under § 54.9831-1(c)(3)(viii) of the Pension Excise Tax Regulations.
26 CFR 601.602: Tax forms and instructions.
(Also Part I, §§ 1, 223; Part III § 54.9831-1)
This notice sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for May 2023 used under § 417(e)(3)(D), the 24-month average segment rates applicable for May 2023, and the 30-year Treasury rates, as reflected by the application of § 430(h)(2)(C)(iv).
The notice provides the general rules taxpayers must satisfy to qualify for the domestic content bonus credit amounts. In addition to providing the general rules, it describes the manufactured product adjusted percentage rule under which all manufactured products of an applicable project are deemed to meet the domestic content requirement applicable to manufactured products. The notice also provides a safe harbor for the classification of certain components in representative types of qualified facilities, energy projects, or energy storage. Finally, the notice provides that certain retrofitted projects are eligible for the domestic content bonus credit amounts.
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