Rev. Rul. 84-119
Rev. Rul. 84-119; 1984-2 C.B. 193
- Cross-Reference
Section 2032A -- Valuation of Certain farm, etc. Real Property
26 CFR 20.2032A 4: Method of valuing farm real property.
- Code Sections
- LanguageEnglish
- Tax Analysts Electronic Citationnot available
ISSUE
This revenue ruling contains a list, applicable for estates of decedents dying in 1984, of the average annual effective interest 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 section 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
in which property is located Death 1984
Baltimore.............................. 12.07
Columbia............................... 11.14
Houston................................ 10.92
Louisville............................. 11.76
New Orleans............................ 11.37
Omaha.................................. 11.86
Sacramento............................. 11.43
St. Louis.............................. 11.93
St. Paul............................... 11.43
Spokane................................ 11.57
Springfield............................ 11.03
Wichita................................ 11.91
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, Louisana,
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. The rates applicable in the case of decedents dying in 1983 are listed in Rev. Rul. 83-71, 1983-1 C.B. 227.
- Cross-Reference
Section 2032A -- Valuation of Certain farm, etc. Real Property
26 CFR 20.2032A 4: Method of valuing farm real property.
- Code Sections
- LanguageEnglish
- Tax Analysts Electronic Citationnot available
