Internal Revenue Service
Revenue Ruling
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smTables provided that set forth various applicable federal rates for October, 2000.
This revenue ruling provides various prescribed rates for federal income tax purposes for October 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. 2000-45 TABLE 1
Applicable Federal Rates (AFR) for October 2000
PERIOD FOR COMPOUNDING
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-Term
----------
AFR 6.30% 6.20% 6.15% 6.12%
110% AFR 6.94% 6.82% 6.76% 6.73%
120% AFR 7.58% 7.44% 7.37% 7.33%
130% AFR 8.22% 8.06% 7.98% 7.93%
Mid-Term
--------
AFR 6.09% 6.00% 5.96% 5.93%
110% AFR 6.71% 6.60% 6.55% 6.51%
120% AFR 7.33% 7.20% 7.14% 7.09%
130% AFR 7.95% 7.80% 7.73% 7.68%
150% AFR 9.20% 9.00% 8.90% 8.84%
175% AFR 10.78% 10.50% 10.37% 10.28%
Long-Term
---------
AFR 5.96% 5.87% 5.83% 5.80%
110% AFR 6.56% 6.46% 6.41% 6.37%
120% AFR 7.16% 7.04% 6.98% 6.94%
130% AFR 7.78% 7.63% 7.56% 7.51%
REV. RUL. 2000-45 TABLE 2
Adjusted AFR for October 2000
PERIOD FOR COMPOUNDING
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-term
adjusted AFR 4.30% 4.25% 4.23% 4.21%
Mid-term
adjusted AFR 4.52% 4.47% 4.45% 4.43%
Long-term
adjusted AFR 5.33% 5.26% 5.23% 5.20%
REV. RUL. 2000-45 TABLE 3
Rates Under Section 382 for October 2000
Adjusted federal long-term rate for the current month 5.33%
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.) 5.53%
REV. RUL. 2000-45 TABLE 4
Appropriate Percentages Under Section 42(b)(2)
for October 2000
Appropriate percentage for the 70% present
value low-income housing credit 8.41%
Appropriate percentage for the 30% present
value low-income housing credit 3.60%
REV. RUL. 2000-45 TABLE 5
Rate Under Section 7520 for October 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 7.4%