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Section 143 - Qualified Mortgage Revenue Bonds, Residence Requirements, Average Area Purchase Price

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Qualified Mortgage Revenue Bonds:

TAM200315004 (12/06/2003)
Whether the portion of the interest payments on mortgage loans (financed with the proceeds of mortgage revenue bonds under section 143 of the Internal Revenue Code of 1986 (the "1986 Code") used to pay the Government National Mortgage Association ("GNMA") to guarantee the payment on the mortgage loans must be taken into account in determining the effective rate of interest on the mortgage loans.

PLR200022038
This letter is in response to a ruling request concerning the use of proceeds of tax-exempt bonds to finance the purchase of certain residential mortgage loans. Specifically, it has beenasked whether residences that are located on Indian reservation lands within the boundaries of the State are "located within the jurisdiction of" the Agency for purposes of section 143(c)(1)(B) of the Internal Revenue Code (the "Code").

PLR199942049
This replies to a ruling request on behalf of the Authority concerning the use of average area purchase price limitations based upon more accurate and comprehensive data than that used to calculate the safe harbor limitations published in Rev. Proc. 94-55, 1994-2 C.B. 716. The Authrotiy submitted data concerning sales of new single-family residences for certain metropolitan statistical areas and for all other areas for the 12-month period from January 1, 1998 to December 31, 1998.

 


Average Area Purchase Price:

PLR200339009 (06/24/2003)
This replies to your ruling request on behalf of the Authority concerning the use of average area purchase price limitations based upon more accurate and comprehensive data than that used to calculate the safe harbor limitations published in Revenue Procedure 94-55, 1994-2 C.B. 706.

PLR200248011
This replies to your ruling request on behalf of the Authority concerning the use of average area purchase price limitations based upon more accurate and comprehensive date than that used to calculate the safe harbor limitations published in Rev. Proc. 94-55, 1994-2 C.B. 716.

PLR200147051
This replies to your ruling request on behalf of the Authority concerning the use of average area purchase price limitations based upon more accurate and comprehensive data than that used to calculate the safe harbor limitations published in Rev. Proc. 94-55, 1994-2 C.B. 706.

PLR200052013
This replies to a ruling request on behalf of the Authority concerning the use of average area purchase price limitations based upon more accurate and comprehensive data than that used to calculate the safe harbor limitations published in Rev. Proc. 94-55, 1994-2 C.B. 706. The Authority submitted data concerning sales of new single-family residences for certain metropolitan statistical areas and for all other areas for the 12-month period from January 1, 1999 to December 31, 1999.

Page Last Reviewed or Updated: 18-Apr-2014