Applicable Federal Rates for August 2010

The following are the various prescribed rates for federal income tax purposes for August 2010 as set forth in Revenue Ruling 2010-19.

 

Annual

Semiannual

Quarterly

Monthly

Short-Term

 

 

 

 

AFR

.53%

.53%

.53%

.53%

110% AFR

.58%

.58%

.58%

.58%

120% AFR

.64%

.64%

.64%

.64%

130% AFR

.69%

.69%

.69%

.69%

 

 

 

 

 

Mid-Term

 

 

 

 

AFR

2.18%

2.17%

2.16%

2.16%

110% AFR

2.40%

2.39%

2.38%

2.38%

120% AFR

2.62%

2.60%

2.59%

2.59%

130% AFR

2.84%

2.82%

2.81%

2.80%

150% AFR

3.29%

3.26%

3.25%

3.24%

175% AFR

3.84%

3.80%

3.78%

3.77%

 

 

 

 

 

Long-Term

 

 

 

 

AFR

3.79%

3.75%

3.73%

3.72%

110% AFR

4.17%

4.13%

4.11%

4.09%

120% AFR

4.55%

4.50%

4.47%

4.46%

130% AFR

4.94%

4.88%

4.85%

4.83%

The following table applies for purposes of determining the original issue discount on tax-exempt obligations under IRC § 1288(b):

 

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

.58%

.58%

.58%

.58%
         

Mid-term adjusted AFR

1.93%

1.92%

1.92%

1.91%
         

Long-term adjusted AFR

3.98%

3.94%

3.92%

3.91%

The adjusted long-term exempt rate under IRC § 382 is 3.98% and the rate for ownership changes during the current month is 4.01%.

For purposes of the low-income housing credit the 70% present value credit percentage is 7.69%, and the 30% present value credit percentage is 3.30%. Note that under IRC § 42(b)(2) the applicable percentage for non-federally subsidized housing new buildings placed in service after December 31, 2008 and before December 31, 2013, is not to be less than 9%.

The applicable federal rate for determining the present value of an annuity, an interest for life or a term for years, or a remainder or reversionary interest (under IRC § 7520) is 2.6%.

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