Rev. Rul. 95-64, 1995-2 C.B. 7, 1995-38 I.R.B. 4

Internal Revenue Service
Revenue Ruling

LOW INCOME HOUSING CREDIT; SATISFACTORY BOND; "BOND FACTOR" AMOUNTS FOR THE PERIOD JANUARY THROUGH SEPTEMBER 1995

Published: September 18, 1995

Section 42. - Low-Income Housing Credit

Low-income housing credit; satisfactory bond; "bond factor" amounts for the period January through September 1995. 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 period January through September 1995.

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 s 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 s 42(j)(6) for dispositions of qualified low-income buildings or interests therein during the period January through September 1995.

Table I
Rev. Rul. 95-64
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 1993 1994 1995
Jan '95 85.72% 87.94% 90.66% 93.89% 97.76% 102.37% 107.25 111.85% 112.52%
Feb '95 85.15 87.66 90.38 93.59 97.44 102.00 106.81 111.28 112.52
Mar '95 84.89 87.39 90.10 93.30 97.13 101.66 106.41 110.79 112.52
Apr '95 91.28 94.91 98.83 103.36 108.66 114.82 121.31 127.40 130.24
May '95 91.00 94.62 98.53 103.04 108.33 114.45 120.88 126.91 130.24
Jun '95 90.73 94.34 98.24 102.74 108.00 114.09 120.48 126.47 130.24
Jul '95 84.10 86.58 89.27 92.44 96.22 100.65 105.26 109.51 112.52
Aug '95 83.86 86.34 89.02 92.17 95.97 100.7 104.97 109.23 112.52
Sep '95 83.62 86.10 88.79 91.95 95.72 100.11 104.69 108.97 112.52

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; Rev. Rul. 93-83, 1993-2 C.B. 6, for dispositions occurring during calendar year 1993, and Rev. Rul. 94-71, 1994-2 C.B. 4 for dispositions occurring during calendar year 1994.

DRAFTING INFORMATION

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).

Rev. Rul. 95-64, 1995-2 C.B. 7, 1995-38 I.R.B. 4