Rev. Proc. 84-18

SECTION 1. BACKGROUND

Rev. Proc. 83-22, 1983-1 C.B. 680, sets forth areas in which advance rulings or determination letters will not be issued by the Internal Revenue Service. Section 5 of Rev. Proc. 83-22 is entitled, Areas Under Extensive Study in which Rulings or Determination Letters Will Not Be Issued Until the Service Resolves the Issue Through Publication of a Revenue Ruling, Revenue Procedure, Regulation or Otherwise. Rev. Proc. 83-68, 1983-2 C.B. 586, amended Rev. Proc. 83-22 by adding to section 5 the following area:

Section 38, 46, and 48- Investment Tax Credit- Application of these sections where any use of vessels is transferred to an agency or department of the United States government under agreement designated as a time charter or service agreement.

SEC. 2. PROCEDURE

Rev. Proc. 83-22 is hereby modified by deleting the paragraph added to section 5 by Rev. Proc. 83-68.

SEC. 3. EFFECTIVE DATE

The revision set forth in this revenue procedure is effective as of March 5, 1984, the date of publication in the Internal Revenue Bulletin.

SEC. 4. EFFECT ON OTHER REVENUE PROCEDURES

Rev. Proc. 83-22 is modified and Rev. Proc. 83-68 is superseded.