REVENUE RULE 92-101
1992-2 C.B. 9, 1992-47 I.R.B. 5.
Internal Revenue Service
Revenue Ruling
LOW-INCOME HOUSING CREDIT; SATISFACTORY BOND; "BOND FACTOR" AMOUNTS FOR OCTOBER, NOVEMBER, AND DECEMBER 1992
Published: November 23, 1992
Section 42. Low-Income Housing Credit
Low-income housing credit; satisfactory bond; "bond factor" amounts for October, November, and December 1992. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the months of October, November, and December 1992 and provides the "bond factor" amounts applicable to all dispositions during calendar year 1992.
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
Rev.Rul. 92-101
Monthly Bond Factor Amounts for Dispositions Expressed As a Percentage of Total Credits
| Calendar Year Building Placed in Service or, if Section42(f)(1) Election Was Made, the Succeeding Calendar Year | ||||||
| Month of Disposition | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 |
| Jan '92 | 99.56% | 102.30% | 105.04% | 108.19% | 111.88% | 112.52% |
| Feb '92 | 99.17% | 101.89% | 104.61% | 107.72% | 111.30% | 112.52% |
| Mar '92 | 98.80% | 101.49% | 104.19% | 107.28% | 110.01% | 112.52% |
| Apr '92 | 88.58% | 90.10% | 91.60% | 93.41% | 95.61% | 97.21% |
| May '92 | 88.27% | 89.78% | 91.28% | 93.10% | 95.32% | 97.21% |
| Jun '92 | 87.97% | 89.48% | 90.99% | 92.81% | 95.06% | 97.21% |
| Jul '92 | 87.63% | 89.14% | 90.65% | 92.50% | 94.78 | 97.21 |
| Aug '92 | 87.35 | 88.86 | 90.39 | 92.25 | 94.58 | 97.21 |
| Sep '92 | 87.08 | 88.59 | 90.13 | 92.02 | 94.39 | 97.21 |
| Oct '92 | 78.56 | 79.15 | 79.75 | 80.67 | 82.03 | 83.98 |
| Nov '92 | 78.33 | 78.93 | 79.55 | 80.49 | 81.90 | 83.98 |
| Dec '92 | 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).
Rev. Rul. 92-101, 1992-2 C.B. 9, 1992-47 I.R.B. 5.