Internal Revenue Service
Revenue Ruling
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smTables provided that set forth various applicable federal rates for February, 2000.
Code Sec. 1274;
This revenue ruling provides various prescribed rates for federal income tax purposes for February 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. 2000-9 TABLE 1
Applicable Federal Rates (AFR) for February 2000
Period for Compounding
-------------------------------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-Term
----------
AFR 6.20% 6.11% 6.06% 6.03%
110% AFR 6.83% 6.72% 6.66% 6.63%
120% AFR 7.46% 7.33% 7.26% 7.22%
130% AFR 8.10% 7.94% 7.86% 7.81%
Mid-Term
--------
AFR 6.56% 6.46% 6.41% 6.37%
110% AFR 7.24% 7.11% 7.05% 7.01%
120% AFR 7.90% 7.75% 7.68% 7.63%
130% AFR 8.58% 8.40% 8.31% 8.26%
150% AFR 9.92% 9.69% 9.58% 9.50%
175% AFR 11.63% 11.31% 11.15% 11.05%
Long-Term
---------
AFR 6.77% 6.66% 6.61% 6.57%
110% AFR 7.46% 7.33% 7.26% 7.22%
120% AFR 8.15% 7.99% 7.91% 7.86%
130% AFR 8.85% 8.66% 8.57% 8.51%
REV. RUL. 2000-9 TABLE 2
Adjusted AFR for February 2000
Period for Compounding
-------------------------------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-term
adjusted AFR 4.19% 4.15% 4.13% 4.11%
Mid-term
adjusted AFR 4.87% 4.81% 4.78% 4.76%
Long-term
adjusted AFR 5.73% 5.65% 5.61% 5.58%
REV. RUL. 2000-9 TABLE 3
Rates Under Section 382 for February 2000
Adjusted federal long-term rate for the current month 5.73%
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.) 5.73%
REV. RUL. 2000-9 TABLE 4
Appropriate Percentages Under Section 42(b)(2)
for February 2000
Appropriate percentage for the 70% present
value low-income housing credit 8.57%
Appropriate percentage for the 30% present
value low-income housing credit 3.67%
REV. RUL. 2000-9 TABLE 5
Rate Under Section 7520 for February 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%