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IRS ANNOUNCES LIHC BOND FACTOR AMOUNTS FOR OCTOBER, NOVEMBER, AND DECEMBER.

DEC. 6, 1993

Rev. Rul. 93-83; 1993-2 C.B. 6

DATED DEC. 6, 1993
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
    93 TNT 247-13
Citations: Rev. Rul. 93-83; 1993-2 C.B. 6

Rev. Rul. 93-83

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) for dispositions occurring during calendar year 1993.

                                TABLE 1

 

                            REV. RUL. 93-83

 

 

        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

 

 Month                    Made, the Succeeding Calendar Year

 

 of              ____________________________________________________

 

 Disposition     1987    1988    1989    1990    1991    1992    1993

 

 _____________________________________________________________________

 

 

 January '93    77.83%  78.43%  79.07%  80.04%  81.49%  83.60%  83.98%

 

 February '93   77.57   78.17   78.81   79.78   81.22   83.28   83.98

 

 March '93      77.32   77.92   78.56   79.53   80.97   83.00   83.98

 

 April '93      77.07   77.67   78.32   79.30   80.74   82.76   83.98

 

 May '93        76.83   77.43   78.09   79.07   80.52   82.54   83.98

 

 June '93       76.60   77.20   77.87   78.86   80.32   82.35   83.98

 

 July '93       76.33   76.95   77.62   78.63   80.10   82.15   83.98

 

 August '93     76.11   76.73   77.41   78.43   79.92   82.00   83.98

 

 September '93  75.89   76.52   77.21   78.25   79.76   81.86   83.98

 

 October '93    75.72   76.35   77.05   78.10   79.63   81.76   83.98

 

 November '93   75.51   76.15   76.87   77.94   79.49   81.64   83.98

 

 December '93   75.31   75.96   76.69   77.77   79.35   81.54   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; Rev. Rul. 91-67, 1991-2 C.B. 13, for dispositions occurring during calendar year 1991; and Rev. Rul. 92-101, 1992-2 C.B. 9, for dispositions occurring during calendar year 1992.

DRAFTING INFORMATION

The principal author of this revenue ruling is Jeffrey A. Erickson of the Office of Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling contact Jeffrey A. Erickson 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
    93 TNT 247-13
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