Applicable Federal Rates for October 2010

The following are the various prescribed rates for federal income tax purposes
for October 2010 as set forth in Revenue Ruling 2010-24.

 

Annual

Semiannual

Quarterly

Monthly

Short-Term

 

 

 

 

AFR

.41%

.41%

.41%

.41%

110% AFR

.45%

.45%

.45%

.45%

120% AFR

.49%

.49%

.49%

.49%

130% AFR

.53%

.53%

.53%

.53%
 

 

 

 

 

Mid-Term

 

 

 

 

AFR

1.73%

1.72%

1.72%

1.71%

110% AFR

1.90%

1.89%

1.89%

1.88%

120% AFR

2.07%

2.06%

2.05%

2.05%

130% AFR

2.25%

2.24%

2.23%

2.23%

150% AFR

2.60%

2.58%

2.57%

2.57%

175% AFR

3.03%

3.01%

3.00%

2.99%
 

 

 

 

 

Long-Term

 

 

 

 

AFR

3.32%

3.29%

3.28%

3.27%

110% AFR

3.65%

3.62%

3.60%

3.59%

120% AFR

3.99%

3.95%

3.93%

3.92%

130% AFR

4.33%

4.28%

4.26%

4.24%

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

.44%

.44%

.44%

.44%
 

 

 

 

 

Mid-term adjusted AFR

1.30%

1.30%

1.30%

1.30%
 

 

 

 

 

Long-term adjusted AFR

3.45%

3.42%

3.41%

3.40%

The adjusted long-term exempt rate under IRC § 382 is 3.45% and the rate for ownership changes during the current month is 3.98%.

For purposes of the low-income housing credit the 70% present value credit percentage is 7.58%, and the 30% present value credit percentage is 3.25%. 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 2.0%.

Contact Us

Suite 800
1401 17th St.
Denver, CO 80202
Map & Directions

Phone: (303) 296-4440
Fax:    (303) 296-3330