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LIHC BOND FACTOR AMOUNTS ANNOUNCED.

SEP. 23, 1996

Rev. Rul. 96-45; 1996-2 C.B. 4

DATED SEP. 23, 1996
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Code Sections
  • Subject Areas/Tax Topics
  • Index Terms
    low-income housing, credit
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 96-25797 (1 original page)
  • Tax Analysts Electronic Citation
    96 TNT 186-18
Citations: Rev. Rul. 96-45; 1996-2 C.B. 4

Rev. Rul. 96-45

[1] 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.

[2] 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 the period July through September 1996.

                                TABLE 1

 

                            REV. RUL. 96-45

 

        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

 

 Dispo-

 

 sition         1987      1988      1989      1990      1991

 

 

 Jul '96        81.06     83.47     86.09     89.16     92.78

 

 Aug '96        80.84     83.24     85.85     88.92     92.52

 

 Sep '96        80.61     83.01     85.62     88.68     92.28

 

 

 Month of

 

 Dispo-

 

 sition         1992      1993      1994      1995      1996

 

 

 Jul '96        96.94    101.25    105.33    109.16    112.52

 

 Aug '96        96.67    100.96    105.04    108.90    112.52

 

 Sep '96        96.41    100.68    104.76    108.66    112.52

 

 

DRAFTING INFORMATION

[3] The principal author of this revenue ruling is Jack Malgeri of the Office of Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling, contact Mr. Malgeri 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 Document Number
    Doc 96-25797 (1 original page)
  • Tax Analysts Electronic Citation
    96 TNT 186-18
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