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SERVICE RELEASES BOND FACTORS FOR LOW-INCOME HOUSING DISPOSITIONS IN AUGUST AND SEPTEMBER 1990.

AUG. 2, 1990

Rev. Rul. 90-67; 1990-2 C.B. 6

DATED AUG. 2, 1990
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference

    Section 42. -- Low-Income Housing Credit

  • Code Sections
  • Subject Areas/Tax Topics
  • Index Terms
    low income housing credit
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 90-5636
  • Tax Analysts Electronic Citation
    90 TNT 161-10
Citations: Rev. Rul. 90-67; 1990-2 C.B. 6

Rev. Rul. 90-67

In Rev. Rul. 90-60, 1990-30 I.R.B. 4, the Internal Revenue Service announced the bond factor amounts for calculating a bond under section 42(j)(6) of the Internal Revenue Code with respect to a disposition of a qualified low-income building or interest therein occurring during calendar years 1987, 1988, 1989, and the first seven months of 1990. It further announced that the Secretary would publish in the Internal Revenue Bulletin a table of "bond factor" amounts for dispositions occurring during each subsequent calendar month.

This revenue ruling provides in the accompanying table the bond factor amounts for calculating a bond under section 42(j)(6) of the Code with respect to dispositions occurring during August and September of 1990.

 _____________________________________________________________________

 

                            Rev. Rul. 90-67

 

 

        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

 

 ___________          ________________________________________

 

 

 August 1990          132.47%   138.83%   145.02%    150.76%

 

 September 1990       132.00    138.36    144.61     150.76

 

 _____________________________________________________________________

 

 

Rev. Rul. 90-60 indicated that the Service would publish in the Internal Revenue Bulletin each month the applicable monthly bond factors. The Service will publish timely monthly factors but may do so less frequently than monthly. Accordingly, this revenue ruling modifies Rev. Rul. 90-60 by revising the second sentence of the 7th paragraph of the revenue ruling to read as follows: "The Secretary will publish in the Internal Revenue Bulletin a table of "bond factor" amounts for dispositions occurring during each calendar month." 1

EFFECT ON OTHER REVENUE RULINGS

Rev. Rul. 90-60 is modified and supplemented.

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).

1 When Rev. Rul. 90-60 appears in the Cumulative Bulletin, 1990-2 C.B., it will reflect this modification.

DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference

    Section 42. -- Low-Income Housing Credit

  • Code Sections
  • Subject Areas/Tax Topics
  • Index Terms
    low income housing credit
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 90-5636
  • Tax Analysts Electronic Citation
    90 TNT 161-10
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