Rev. Rul. 99-18

    LOW-INCOME HOUSING CREDITS; SATISFACTORY BOND; "BOND FACTOR" AMOUNTS FOR
                     THE PERIOD JANUARY THROUGH MARCH 1999

                            Published: April 5, 1999

Section 42. - Low-Income Housing Credit
Section 280G. - Golden Parachute Payments
Section 382. - Limitation on Net Operating Loss Carryforwards and Certain Built- In Losses Following Ownership Change
Section 412. - Minimum Funding Standards
Section 467. - Certain Payments for the Use of Property or Services
Section 468. - Special Rules for Mining and Solid Waste Reclamation and Closing Costs
Section 482. - Allocation of Income and Deductions Among Taxpayers
Section 483. - Interest on Certain Deferred Payments
Section 642. - Special Rules for Credits and Deductions
Section 807. - Rules for Certain Reserves
Section 846. - Discounted Unpaid Losses Defined
Section 911. - Citizens or Residents of the United States Living Abroad, 26 CFR 1.911-1: Partial exclusion for earned income sources within a foreign country and foreign housing costs.
  Low-income housing credits; satisfactory bond; "bond factor" amounts for the period January through March 1999. 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 March 1999.
  The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.
  Federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.
  The adjusted applicable federal long-term rate is set forth for the month of April 1999.
  The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.
  The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.
  The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.
  Federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.
  The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.
  Federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.
  The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.
  The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 1999.

  Guidance is provided to individuals who fail to meet the eligibility requirements of section 911(d)(1) of the Internal Revenue Code because adverse conditions in a foreign country preclude the individual from meeting those requirements. A current list of countries and the dates of those countries are subject to the section 911(d)(4) waiver is provided.

  Low-income housing credits; satisfactory bond; "bond factor" amounts for the period January through March 1999. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-in- come buildings or interests therein during the period January through March 1999.

  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) for dispositions of qualified low-income buildings or interests therein during the period January through March 1999.

                                                Table 1
                                            Rev. Rul. 99-18

                                             Calendar Year

1996   1997   1998   1999
86.70  89.33  92.33  92.81
86.40  89.00  91.92  92.81
86.11  88.69  91.56  92.81

  For a list of bond factor amounts applicable to dispositions occurring during other calendar years, see the following revenue rulings; Rev. Rul. 98-3, 1998-2 I.R.B. 4, for dispositions occurring during the calendar years 1996 and 1997; Rev. Rul. 98-13, 1998-11 I.R.B. 4, for dispositions occurring during the period January through March 1998; Rev. Rul. 98-31, 1998-25 I.R.B. 4, for dispositions occurring during the period April through June 1998; Rev. Rul. 98- 45, 1998-38 I.R.B. 4, for dispositions occurring during the period July through September 1998; and Rev. Rul. 99-1, 1999-2 I.R.B. 4, for dispositions occurring during the period October through December 1998.

DRAFTING INFORMATION

  The principal author of this revenue ruling is Gregory Doran of the Office of Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling, contact Mr. Doran on (202) 622-3040 (not a toll-free call).

Rev. Rul. 99-18.