Amendments to section 6049 have added two new items of reportable interest income. Section 1303 of the Energy Tax Incentives Act of 2005 added new section 54 that allows for a credit to holders of clean renewable energy bonds. Section 54(g) requires that the amount of the credit allowed to the bondholder (determined without respect to the limitation based on the amount of tax) be included in gross income and treated as interest income. Section 101 of the Gulf Zone Opportunity Act of 2005 added new section 1400N that allows a credit to holders of Gulf bonds. Section 1400N(l)(6) requires that the amount of the credit allowed to the bondholder (determined without respect to the limitation based on the amount of tax) be included in gross income and treated as interest income. Both new items of reportable interest income are required by new section 6049(d)(8) to be reported on Form 1099-INT, Interest Income. See the instruction for Box 1. Interest Income on
page INT-2.

Section 502 of the Tax Increase Prevention and Reconciliation Act of 2005 has changed section 6049(b) by requiring that interest on state or local bonds, tax-exempt under section 103(a), and interest on specified private activity bonds are no longer excluded from information reporting. New box 8 has been added to Form 1099-INT to report all amounts of tax-exempt interest. New box 9 has been added to report that portion of the interest in box 8 from qualified private activity bonds required to be reported for alternative minimum tax purposes.