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Rev. Rul. 83-71

Rev. Rul. 83-71; 1983-1 C.B. 227

DATED

DOCUMENT ATTRIBUTES

Cross-Reference

26 CFR 20.2032A-4: Method of valuing farm real property.
Code Sections
Section 2032A
Language
English
Tax Analysts Electronic Citation
not available

Citations: Rev. Rul. 83-71; 1983-1 C.B. 227

Rev. Rul. 83-71

ISSUE

This revenue ruling contains a list, applicable for estates of decedents dying in 1983, 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 Year of Death

in which property is located 1983

Baltimore _____________________________ 11.82

Columbia ______________________________ 10.93

Houston _______________________________ 10.88

Louisville ____________________________ 11.39

New Orleans ___________________________ 11.13

Omaha _________________________________ 11.52

Sacramento ____________________________ 11.35

St. Louis _____________________________ 11.71

St. Paul ______________________________ 11.17

Spokane _______________________________ 11.31

Springfield ___________________________ 10.71

Wichita _______________________________ 11.65

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. The rates applicable in the case of decedents dying in 1982 are listed in Rev. Rul. 82-104, 1982-1 C.B. 129.

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