Rev. Rul. 60-376

Pursuant to the authority contained in section 7805(b) of the Internal Revenue Code of 1954, the provisions of Revenue Ruling 60-210, C.B. 1960-1, 38, dealing with municipal bond discount, shall be inapplicable to life insurance companies (as defined in section 801(a) of the Code) and mutual insurance companies subject to tax under section 821 of the Code for taxable years beginning prior to May 31, 1960, the date Revenue Ruling 60-210 was published in the Internal Revenue Bulletin.

¹ Also released as Technical Information Release 274, dated December 2, 1960.