Internal Revenue Service
Revenue Ruling
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smIn 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) for dispositions of qualified low-income buildings or interests therein during the period July through September 2000.
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Table 1
Rev. Rul. 2000-48
Monthly Bond Factor Amounts for Dispositions Expressed
As a Percentage of Total Credits
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Calendar Year Building Placed in Service
or, if Section 42(f)(1) Election Was Made,
the Succeeding Calendar Year
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Month of 1987 1988 1989 1990 1991 1992 1993
Disposition
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Jul '00 39.75 54.78 67.30 77.84 79.31 82.61 86.02
Aug '00 39.75 54.78 67.30 77.84 79.09 82.39 85.78
Sep '00 39.75 54.78 67.30 77.84 78.89 82.17 85.55
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[Table continued]
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Month of 1994 1995 1996 1997 1998 1999 2000
Disposition
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Jul '00 89.38 92.82 96.56 100.53 104.92 109.29 112.52
Aug '00 89.14 92.57 96.29 100.25 104.64 109.02 112.52
Sep '00 88.89 92.32 96.04 99.99 104.37 108.77 112.52
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For a list of bond factor amounts applicable to dispositions occurring during other calendar years, see the following revenue rulings: Rev. Rul. 98-3, 1998-1 C.B. 248, for dispositions occurring during the calendar years 1996 and 1997; Rev. Rul. 98-13, 1998-1 C.B. 686, for dispositions occurring during the period January through March 1998; Rev. Rul. 98-31, 1998-1 C.B. 1269, for dispositions occurring during the period April through June 1998; Rev. Rul. 98-45, 1998-2 C.B. 364, for dispositions occurring during the period July through September 1998; Rev. Rul. 99-1, 1999-2 I.R.B. 4, for dispositions occurring during the period October through December 1998; Rev. Rul. 99-54, 1999-51 I.R.B. 675, for dispositions occurring during the calendar year 1999; Rev. Rul. 2000-22, 2000-16 I.R.B. 880, for dispositions occurring during the period January through March 2000; and Rev. Rul. 2000-31, 2000-26 I.R.B. 1269, for dispositions occurring during the period April through June 2000.
The principal author of this revenue ruling is Gregory N. Doran of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling, contact Mr. Doran at (202) 622-3040 (not a toll-free call).