SERVICE ANNOUNCES 'BOND FACTOR' AMOUNTS APPLICABLE TO LOW-INCOME HOUSING CREDIT RECAPTURE.
Rev. Rul. 90-88; 1990-2 C.B. 7
- Institutional AuthorsInternal Revenue Service
- Cross-Reference
Rev. Rul. 90-60, 1990-30 I.R.B. 4
- Code Sections
- Index Termslow-income housing credit
- Jurisdictions
- LanguageEnglish
- Tax Analysts Electronic Citation90 TNT 220-37
Rev. Rul. 90-88
In Rev. Rul. 90-60, 1990-30 I.R.B. 4, the Internal Revenue Service provided guidance to taxpayers concerning the general methodology used by the Treasury Department in computing the bond factor amounts used in calculating the amount of bond considered satisfactory by the Secretary under section 42(j)(6) of the Code. It further announced that the Secretary would publish in the Internal Revenue Bulletin a table of "bond factor" amounts for dispositions occurring during each calendar month.
This revenue ruling provides in Table 1, the bond factor amounts for calculating a bond under section 42(j)(6) of the Code with respect to dispositions occurring during October, November, and December of 1990. Table 2 restates all the bond factor amounts applicable to dispositions during calendar year 1990. These bond factor amounts were previously published in Rev. Rul. 90-60 and Rev. Rul. 90-67, 1990-34 I.R.B. 4.
Table 1
Monthly Bond Factor Amounts for Dispositions Expressed As a
Percentage of Total Credits
_____________________________________________________________________
Calendar Year Building Placed in Service or,
if section 42(f)(1) Election was Made, the
Succeeding Calendar Year
____________________________________________
Month of Disposition 1987 1988 1989 1990
_____________________________________________________________________
October 1990 131.56% 137.92% 144.24% 150.76%
November 1990 131.14 137.51 143.90 150.76
December 1990 130.73 137.12 143.58 150.76
_____________________________________________________________________
Table 2
Monthly Bond Factor Amounts for Dispositions During 1990 Expressed
As a Percentage of Total Credits
_____________________________________________________________________
Calendar Year Building Placed in Service or,
if section 42(f)(1) Election was Made, the
Succeeding Calendar Year
____________________________________________
Month of Disposition 1987 1988 1989 1990
_____________________________________________________________________
January 1990 136.40 143.14 149.65 150.76
February 1990 135.75 142.38 148.71 150.76
March 1990 135.13 141.68 147.89 150.76
April 1990 134.54 141.03 147.17 150.76
May 1990 133.99 140.42 146.54 150.76
June 1990 133.46 139.86 145.97 150.76
July 1990 132.95 139.33 145.47 150.76
August 1990 132.47 138.83 145.02 150.76
September 1990 132.00 138.36 144.61 150.76
October 1990 131.56 137.92 144.24 150.76
November 1990 131.14 137.51 143.90 150.76
December 1990 130.73 137.12 143.58 150.76
_____________________________________________________________________
DRAFTING INFORMATION
The principal author of this revenue ruling is Donna M. Young of the Office of Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling contact Ms. Young on (202) 377-6349 (not a toll-free call).
- Institutional AuthorsInternal Revenue Service
- Cross-Reference
Rev. Rul. 90-60, 1990-30 I.R.B. 4
- Code Sections
- Index Termslow-income housing credit
- Jurisdictions
- LanguageEnglish
- Tax Analysts Electronic Citation90 TNT 220-37
