REVENUE RULE 93-19
1993-1 C.B. 178, 1993-10 I.R.B. 38.
Internal Revenue Service
Revenue Ruling
FEDERAL RATES; ADJUSTED FEDERAL RATES; ADJUSTED FEDERAL LONG-TERM RATE, AND THE LONG-TERM EXEMPT RATE
Published: February 19, 1993
§ 1274. Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property
(See Also Sections 42, 280G, 382, 412, 467, 466, 483, 807, 846, 1288, 7520, 7872.)
Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for March 1993.
This revenue ruling provides various prescribed rates for federal income tax purposes for March 1993 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of § 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid-term, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of § 1288(b). Table 3 sets forth the adjusted federal long-term rate and the long-term tax-exempt rate described in § 382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in § 42(b)(2) for buildings placed in service during the current month. Finally, Table 5 contains the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of § 7520.
REV. RUL. 93-19 TABLE 1
Applicable Federal Rates (AFR) for March 1993
Period for Compounding
Short-Term
| Annual | Semiannual | Quarterly | Monthly | ||
| AFR | 3.96% | 3.92% | 3.90% | 3.89% | |
| 110% | AFR | 4.36% | 4.31% | 4.29% | 4.27% |
| 120% | AFR | 4.76% | 4.70% | 4.67% | 4.65% |
Mid-Term
| Annual | Semiannual | Quarterly | Monthly | ||
| AFR | 5.88% | 5.80% | 5.76% | 5.73% | |
| 110% | AFR | 6.48% | 6.38% | 6.33% | 6.30% |
| 120% | AFR | 7.08% | 6.96% | 6.90% | 6.86% |
| 150% | AFR | 8.89% | 8.70% | 8.61% | 8.55% |
| 175% | AFR | 10.41% | 10.15% | 10.02% | 9.94% |
Long-Term
| Annual | Semiannual | Quarterly | Monthly | ||
| AFR | 6.95% | 6.83% | 6.77% | 6.73% | |
| 110% | AFR | 7.65% | 7.51% | 7.44% | 7.40% |
| 120% | AFR | 8.37% | 8.20% | 8.12% | 8.06% |
REV. RUL. 93-19 TABLE 2
Adjusted AFR for March 1993
Period for Compounding
Short-term
| Annaul | Semiannual | Quarterly | Monthly | ||
| Adjusted | AFR | 3.05% | 3.03% | 3.02% | 3.01% |
Mid-term
| Annaul | Semiannual | Quarterly | Monthly | ||
| Adjusted | AFR | 4.65% | 4.60% | 4.57% | 4.56% |
Long-term
| Annaul | Semiannual | Quarterly | Monthly | ||
| Adjusted | AFR | 5.77% | 5.69% | 5.65% | 5.62% |
REV. RUL. 93-19 TABLE 3
Rates Under § 382 for March 1993
Adjusted federal long-term rate for the current month 5.77%
Long-term tax-exempt rate for ownership changes during the current month 5.90% (the
highest of the adjusted federal long-term rates for the current month and the prior two
months).
REV RUL. 93-19 TABLE 4
Appropriate Percentages Under § 42(b)(2) for March 1993
Appropriate percentage for the 70% present value low-income housing 8.51% credit
Appropriate percentage for the 30% present value low-income housing 3.65% credit
REV. RUL 93-19 TABLE 5
Rate under § 7520 for March 1993
Applicable federal rate for determining the present value of an annuity, 7.0% an interest
for life or a term of years, or a remainder or reversionary interest
Rev. Rul. 93-19, 1993-1 C.B. 178, 1993-10 I.R.B. 38.