OBSOLETED REVENUE PROCEDURES AND RULINGS ARE LISTED

Rev. Rul. 86-37

The Internal Revenue Service peridically reviews rulings that were published in the Internal Revenue Bulletin. Although focused on rulings published after 1952, this review is consistent with the objectives of the program (announced by Rev. Proc. 67-6, 1967-1 C.B. 576) for the review of rulings published in the Internal Revenue Bulletin before 1953. That program sought to identify, and to include in published lists, those rulings which, although not specifically revoked or superseded, are not considered determinative with respect to future transactions. As a result of this review of post-1952 rulings, the Service published Rev. Rul. 69-227, 1969-1 C.B. 315, Rev. Rul. 72-622, 1972-2 C.B. 652, Rev. Rul. 74-624, 1974-2 C.B. 406, Rev. Rul. 76-315, 1976-2 C.B. 449, and Rev. Rul. 78-231, 1978-1 C.B. 450, which declared obsolete numerous ruling having primary application in the excise tax area.

Upon further review of rulings in the excise tax area, the additional rulings and procedures listed below, although not specifically revoked or superseded, have been found to be not determinative with respect to future transactions because the applicable statutory provisions have been changed. Accordingly, the rulings listed below are hereby declared to be obsolete.

 Rev. Proc. No.             C.B. Citation

Other rulings published after 1952 relating to excise tax matters will continue to be reviewed to ascertain those that are inapplicable future to transactions.