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IRS ANNOUNCES HOUSING CREDIT BOND FACTOR AMOUNTS.

NOV. 23, 1992

Rev. Rul. 92-101; 1992-2 C.B. 9

DATED NOV. 23, 1992
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Code Sections
  • Subject Areas/Tax Topics
  • Index Terms
    low-income housing, credit
  • Jurisdictions
  • Language
    English
  • Tax Analysts Electronic Citation
    92 TNT 235-16
Citations: Rev. Rul. 92-101; 1992-2 C.B. 9

Rev. Rul. 92-101

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 calendar year 1992.

                                Table 1

 

 

        Monthly Bond Factor Amounts for Dispositions Expressed

 

                   As a Percentage of Total Credits

 

 

 Month               Calendar Year Building Placed in Service or,

 

 of                              if Section 42(f)(1)

 

 Disposition         Election Was Made, the Succeeding Calendar Year

 

                    1987    1988     1989     1990     1991     1992

 

 _____________________________________________________________________

 

 

 January 1992      99.56%  102.30%  105.04%  108.19%  111.88%  112.52%

 

 February 1992     99.17   101.89   104.61   107.72   111.30   112.52

 

 March 1992        98.80   101.49   104.19   107.28   110.01   112.52

 

 April 1992        88.58    90.10    91.60    93.41    95.61    97.21

 

 May 1992          88.27    89.78    91.28    93.10    95.32    97.21

 

 June 1992         87.97    89.48    90.99    92.81    95.06    97.21

 

 July 1992         87.63    89.14    90.65    92.50    94.78    97.21

 

 August 1992       87.35    88.86    90.39    92.25    94.58    97.21

 

 September 1992    87.08    88.59    90.13    92.02    94.39    97.21

 

 October 1992      78.56    79.15    79.75    80.67    82.03    83.98

 

 November 1992     78.33    78.93    79.55    80.49    81.90    83.98

 

 December 1992     78.11    78.71    79.35    80.32    81.78    83.98

 

 

For a list of bond factor amounts applicable to dispositions occurring during other calendar years, see the following revenue rulings: Rev. Rul. 90-60, 1990-2 C.B. 3, for dispositions occurring during calendar years 1987, 1988, and 1989; Rev. Rul. 90-88, 1990-2 C.B. 7, for dispositions occurring during calendar year 1990; and Rev. Rul. 91-67, 1991-2 C.B. 13, for dispositions occurring during calendar year 1991.

DRAFTING INFORMATION

The principal author of this revenue ruling is Elissa Shendalman of the Office of Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling contact Elissa Shendalman at (202) 622-3040 (not a toll-free call).

DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Code Sections
  • Subject Areas/Tax Topics
  • Index Terms
    low-income housing, credit
  • Jurisdictions
  • Language
    English
  • Tax Analysts Electronic Citation
    92 TNT 235-16
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