The Treasury Department yesterday released First Periodic Update of the 2006-2007 Priority Guidance Plan, a joint statement by Eric Solomon (Assistant Secretary (Tax Policy), U.S. Treasury Department), Mark W. Everson (Commissioner, IRS) & Donald L. Korb (Chief Counsel, IRS):

On August 15, 2006, we released the 2006-2007 Priority Guidance Plan listing 264 projects for the plan year beginning July 1, 2006 and ending June 30, 2007. In our Joint Statement that accompanied the release of the 2006-2007 Priority Guidance Plan, we indicated that we would update the plan periodically to reflect additional guidance that we intend to publish during the plan year. … The attached update sets forth the guidance on the original 2006-2007 Priority Guidance Plan that we have published.