REVENUE RULE 93-25
1993-1 C.B. 4, 1993-15 I.R.B. 4.
Internal Revenue Service
Revenue Ruling
LOW-INCOME HOUSING CREDIT; SATISFACTORY BOND; "BOND FACTOR" AMOUNTS FOR JANUARY, FEBRUARY, AND MARCH 1993
Published: April 12, 1993
§ 42. Low-Income Housing Credit
Low-income housing credit; satisfactory bond; "bond factor" amounts for January, February, and March 1993. 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 January, February, and March 1993.
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 § 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 § 42(j)(6) of the Code for dispositions occurring during January, February, and March 1993.
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, 1992-47 I.R.B. 5, for dispositions occurring during calendar year 1992.
Table 1
Rev. Rul. 93-25
Monthly Bond Factor Amounts for Dispositions Expressed As a Percentage of Total Credits
Calendar Year Building Placed in Service or, if § 42(f)(1) Election Was Made, the Succeeding Calendar Year
| Month 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% |
| Feb. '93 | 77.57% | 78.17% | 78.81% | 79.78% | 81.22% | 83.28% | 83.98% |
| Mar. '93 | 77.32% | 77.92% | 78.56% | 79.53% | 80.97% | 83.00% | 83.98% |
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).