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Directory Results for Revenue Ruling 2003-114 - Federal Rates; Adjusted Federal Rates; Adjusted Federal long-term rate and long-term exempt rate. Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes to Revenue Ruling 2003-116 - Helicopters. This ruling concludes that a helicopter is not an airplane for purposes of section 147(e) of the Code which provides that a private activity bond is not a qualified bond if issued as part of an issue