Rev. Proc. 83-82

SECTION 1. BACKGROUND

Rev. Proc. 83-22, 1983-1 C.B. 680, contains in section 5 thereof a list of those areas of the Internal Revenue Code under the jurisdiction of the Associate Chief Counsel (Technical) which are under extensive study and in which rulings or determination letters will not be issued until the Service resolves the issue through publication of a revenue ruling, revenue procedure, regulations, or otherwise.

SEC. 2. PROCEDURE

Rev. Proc. 83-22 is amplified to include the following under section 5: "Section 306(b)(4).-Transactions Not in Avoidance.- Whether section 306(b)(4) of the Code applies to the distribution and disposition or redemption of "section 306 stock" that is subject to mandatory redemption."

SEC. 3. EFFECT ON OTHER REVENUE PROCEDURES

Section 5 of Rev. Proc. 83-22 is amplified.

SEC. 4. EFFECTIVE DATE

This revenue procedure will apply to all ruling requests on hand in the National Office on November 14, 1983, the date of publication of this revenue procedure in the Internal Revenue Bulletin, as well as any requests received thereafter.