Rev. Rul. 82-104
Rev. Rul. 82-104; 1982-1 C.B. 129
- Cross-Reference
26 CFR 20.2032A-4: Method of valuing farm real property.
- Code Sections
- LanguageEnglish
- Tax Analysts Electronic Citationnot available
This revenue ruling contains a list, applicable for estates of decedents dying in 1982, of the average annual effective rates on new Federal Land Bank loans to be used under section 2032A(e)(7)(A)(ii) of the Internal Revenue Code in computing the special use value of real property used as a farm for which an election is made under section 2032A. This revenue ruling also contains a list of the states within each land bank district.
Average annual effective interest rates, calculated in accordance with section 2032A(e)(7)(A) of the Code and 20.2032A-4(e) of the Estate Tax Regulations, to be used under section 2032A(e)(7)(A)(ii) are as follows:
Federal Land Bank District
in which property is located Year of Death
1982
Baltimore . . . . . . . . . . . . 10.48
Columbia . . . . . . . . . . . . 9.81
Houston . . . . . . . . . . . . . 9.74
Louisville . . . . . . . . . . . 10.02
New Orleans . . . . . . . . . . . 9.88
Omaha . . . . . . . . . . . . . . 10.17
Sacramento . . . . . . . . . . . 10.12
St. Louis . . . . . . . . . . . . 10.37
St. Paul . . . . . . . . . . . . 9.84
Spokane . . . . . . . . . . . . . 10.13
Springfield . . . . . . . . . . . 9.52
Wichita . . . . . . . . . . . . . 10.26
Federal Land Bank Districts:
District States
Baltimore . . . . . . . . . . . . Delaware, District of Columbia,
Maryland, Pennsylvania,
Virginia, West Virginia.
Columbia . . . . . . . . . . . . Florida, Georgia, North
Carolina, South Carolina.
Houston . . . . . . . . . . . . . Texas.
Louisville . . . . . . . . . . . Indiana, Kentucky, Ohio,
Tennessee.
New Orleans . . . . . . . . . . . Alabama, Louisiana, Mississippi.
Omaha . . . . . . . . . . . . . . Iowa, Nebraska, South Dakota,
Wyoming.
Sacramento . . . . . . . . . . . Arizona, California, Hawaii,
Nevada, Utah.
St. Louis . . . . . . . . . . . . Arkansas, Illinois, Missouri.
St. Paul . . . . . . . . . . . . Michigan, Minnesota, North
Dakota, Wisconsin.
Spokane . . . . . . . . . . . . . Alaska, Idaho, Montana, Oregon,
Washington.
Springfield . . . . . . . . . . . Connecticut, Maine,
Massachusetts, New Hampshire,
New Jersey, New York, Rhode
Island, Vermont.
Wichita . . . . . . . . . . . . . Colorado, Kansas, New Mexico,
Oklahoma.
The rates applicable in the case of decedents dying in 1977, 1978, 1979, 1980, or 1981 are listed in Rev. Rul. 81-170, 1981-1 C.B. 454. Rev. Rul. 81-170 also contains an illustrative computation of an average annual effective interest rate.
- Cross-Reference
26 CFR 20.2032A-4: Method of valuing farm real property.
- Code Sections
- LanguageEnglish
- Tax Analysts Electronic Citationnot available
