Advisories

Form 1240 Inflation Adjustment Factor

July 2003

The FCC has announced that the official inflation factor for the second quarter of 2003 is 1.00%.
The previous inflation factors for the Form 1240 are as follows:

Quarter	Percent
3rd Quarter 1995	2.22%
4th Quarter 1995	2.22%
1st Quarter 1996	2.39%
2nd Quarter 1996	2.22%
3rd Quarter 1996	2.21%
4th Quarter 1996	1.83%
1st Quarter 1997	2.70%
2nd Quarter 1997	1.77%
3rd Quarter 1997	1.43%
4th Quarter 1997	1.43%
1st Quarter 1998	1.14%
2nd Quarter 1998	0.82%
3rd Quarter 1998	1.00%
4th Quarter 1998	0.78%
1st Quarter 1999	1.60%
2nd Quarter 1999	1.35%
3rd Quarter 1999	1.04%
4th Quarter 1999	1.96%
1st Quarter 2000	3.00%
2nd Quarter 2000	2.40%
3rd Quarter 2000	1.62%
4th Quarter 2000	1.99%
1st Quarter 2001	3.23%
2nd Quarter 2001	2.08%
3rd Quarter 2001	2.25%
4th Quarter 2001	(0.11%)
1st Quarter 2002	1.21%
2nd Quarter 2002	1.24%
3rd Quarter 2002	1.02%
4th Quarter 2002	1.78%
1st Quarter 2003	2.39%
2nd Quarter 2003	1.00%

Disclaimer

This advisory is a publication of Davis Wright Tremaine LLP. Our purpose in publishing this advisory is to inform our clients and friends of recent legal developments. It is not intended, nor should it be used, as a substitute for specific legal advice as legal counsel may only be given in response to inquiries regarding particular situations.