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IRS LISTS LIHC BOND FACTOR AMOUNTS.

NOV. 28, 1994

Rev. Rul. 94-71; 1994-2 C.B. 4

DATED NOV. 28, 1994
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
    94 TNT 231-8
Citations: Rev. Rul. 94-71; 1994-2 C.B. 4

Rev. Rul. 94-71

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 of qualified low-income buildings or interests therein during calendar year 1994.

                                TABLE 1

 

                            REV. RUL. 94-71

 

 

        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   1994

 

 _____________________________________________________________________

 

 

 January '94   75.07% 75.72% 76.45% 77.53% 79.10% 81.25% 83.60% 83.98%

 

 February '94  74.84  75.49  76.22  77.30  78.86  80.99  83.28  83.98

 

 March '94     74.62  75.26  76.00  77.08  78.64  80.75  83.00  83.98

 

 April '94     74.39  75.04  75.78  76.87  78.43  80.53  82.76  83.98

 

 May '94       74.18  74.83  75.57  76.67  78.22  80.32  82.54  83.98

 

 June '94      73.97  74.62  75.37  76.47  78.03  80.13  82.35  83.98

 

 July '94      80.10  81.61  83.27  85.33  87.93  91.17  94.57  97.21

 

 August '94    79.87  81.39  83.05  85.12  87.73  90.96  94.38  97.21

 

 September '94 79.66  81.18  82.84  84.91  87.53  90.77  94.20  97.21

 

 October '94   86.14  88.67  91.40  94.63  98.51 103.16 108.08 112.52

 

 November '94  85.91  88.44  91.17  94.41  98.30 102.95 107.89 112.52

 

 December '94  85.69  88.22  90.95  94.19  98.10 102.75 107.73 112.52

 

 _____________________________________________________________________

 

 

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; Rev. Rul. 92-101, 1992-2 C.B. 9, for dispositions occurring during calendar year 1992; and Rev. Rul. 93-83, 1993-2 C.B. 6, for dispositions occurring during calendar year 1993.

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
    94 TNT 231-8
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