LOW-INCOME HOUSING CREDIT 'BOND FACTOR' AMOUNTS ANNOUNCED.

Rev. Rul. 91-67

In Rev. Rul. 90-60, 1990-2 C.B. 3, 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 Internal Revenue 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 the amount of bond considered satisfactory under section 42(j)(6) of the Code for dispositions occurring during October, November and December 1991. Table 2 provides the bond factor amounts applicable to all dispositions during calendar year 1991, including the bond factor amounts previously published in Rev. Rul. 91-18, 1991-1 C.B. 3, Rev. Rul. 91-37, 1991-26 I.R.B. 5, and Rev. Rul. 91-44, 1991-32 I.R.B. 4.

                                Table 1

The principal author of this revenue ruling is Elissa J. Shendalman of the Office of Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling contact Ms. Shendalman at (202) 377-6349 (not a toll-free call).