OMB control number
Election Involving the Repeal of the Bonding Requirement and Notification of Increase of Tax under § 42(j)(6)
OMB 1545-2120 · TREAS/IRS.
OMB 1545-2120
This revenue procedure affects taxpayers who are maintaining a surety bond or a Treasury Direct Account (TDA) to satisfy the low-income housing tax credit recapture exception in § 42(j)(6) of the Internal Revenue Code, as in effect on or before July 30, 2008. This revenue procedure provides the procedures for taxpayers to follow when making the election under section 3004(i)(2)(B)(ii) of the Housing Assistance Tax Act of 2008 (Pub. L. 110-289) to no longer maintain a surety bond or a TDA to avoid recapture.
The latest form for Election Involving the Repeal of the Bonding Requirement and Notification of Increase of Tax under § 42(j)(6) expires 2028-08-31 and is listed under ICR 202502-1545-016.
Latest Forms, Documents, and Supporting Material
| Document | Type |
|---|---|
 Rev. Proc. 2012-27.pdf | Supplementary Document |
| RP 2008-60.pdf | Supplementary Document |
 SUP STAT (1545-2120)-Final.docx | Supporting Statement A |
 RP 2012-27 - Notification of Increase of Tax under § 42(j)(6) |
Information collection |
| RP 2008-60 - Election Involving the Repeal of the Bonding Requirement under § 42(j)(6) |
Information collection |
All Historical Document Collections
| Reference | Filing | Received | Concluded | Action |
|---|---|---|---|---|
| 202502-1545-016 | Extension without change of a currently approved collection | 2025-06-30 | ||
| 202202-1545-005 | Extension without change of a currently approved collection | 2022-03-31 | Approved without change | |
| 201809-1545-007 | Extension without change of a currently approved collection | 2018-10-30 | Approved with change | |
| 201507-1545-017 | Extension without change of a currently approved collection | 2015-07-31 | Approved without change | |
| 201203-1545-026 | Extension without change of a currently approved collection | 2012-04-30 | Approved without change | |
| 200909-1545-041 | No material or nonsubstantive change to a currently approved collection | 2009-10-01 | Approved without change | |
| 200903-1545-003 | Extension without change of a currently approved collection | 2009-03-09 | Approved without change | |
| 200809-1545-012 | New collection (Request for a new OMB Control Number) | 2008-09-17 | Approved without change |
OMB Details
RP 2008-60 - Election Involving the Repeal of the Bonding Requirement under § 42(j)(6)
Federal Enterprise Architecture: General Government - Taxation Management