Internal Revenue Service
Revenue Ruling
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smTables provided that set forth various applicable federal rates for April, 2000.
Code Sec. 1274;
This revenue ruling provides various prescribed rates for federal income tax purposes for April 2000 (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 section 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 section 1288(b). Table 3 sets forth the adjusted federal long-term rate and the long-term tax-exempt rate described in section 382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in section 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 section 7520.
REV. RUL. 2000-19 TABLE 1
Applicable Federal Rates (AFR) for April 2000
Period for Compounding
----------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-Term
----------
AFR 6.46% 6.36% 6.31% 6.28%
110% AFR 7.12% 7.00% 6.94% 6.90%
120% AFR 7.78% 7.63% 7.56% 7.51%
130% AFR 8.44% 8.27% 8.19% 8.13%
Mid-Term
--------
AFR 6.71% 6.60% 6.55% 6.51%
110% AFR 7.39% 7.26% 7.20% 7.15%
120% AFR 8.08% 7.92% 7.84% 7.79%
130% AFR 8.76% 8.58% 8.49% 8.43%
150% AFR 10.15% 9.90% 9.78% 9.70%
175% AFR 11.88% 11.55% 11.39% 11.28%
Long-Term
---------
AFR 6.49% 6.39% 6.34% 6.31%
110% AFR 7.15% 7.03% 6.97% 6.93%
120% AFR 7.82% 7.67% 7.60% 7.55%
130% AFR 8.48% 8.31% 8.23% 8.17%
REV. RUL. 2000-19 TABLE 2
Adjusted AFR for April 2000
Period for Compounding
----------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-term
adjusted AFR 4.39% 4.34% 4.32% 4.30%
Mid-term
adjusted AFR 5.00% 4.94% 4.91% 4.89%
Long-term
adjusted AFR 5.75% 5.67% 5.63% 5.60%
REV. RUL. 2000-19 TABLE 3
Rates Under Section 382 for April 2000
Adjusted federal long-term rate for the current month 5.75%
Long-term tax-exempt rate for ownership changes
during the current month (the highest of the adjusted
federal long-term rates for the current month and the
prior two months.) 5.84%
REV. RUL. 2000-19 TABLE 4
Appropriate Percentages Under Section 42(b)(2)
for April 2000
Appropriate percentage for the 70% present
value low-income housing credit 8.55%
Appropriate percentage for the 30% present
value low-income housing credit 3.66%
REV. RUL. 2000-19 TABLE 5
Rate Under Section 7520 for April 2000
Applicable federal rate for determining the present
value of an annuity, an interest for life or a term
of years, or a remainder or reversionary interest 8.0%