Applicable Federal Rates for September 2010

The following are the various prescribed rates for federal income tax purposes for
September 2010 as set forth in Revenue Ruling 2010-20.

 

Annual

Semiannual

Quarterly

Monthly

Short-Term

 

 

 

 

AFR

.46%

.46%

.46%

.46%

110% AFR

.51%

.51%

.51%

.51%

120% AFR

.55%

.55%

.55%

.55%

130% AFR

.60%

.60%

.60%

.60%
 

 

 

 

 

Mid-Term

 

 

 

 

AFR

1.94%

1.93%

1.93%

1.92%

110% AFR

2.13%

2.12%

2.11%

2.11%

120% AFR

2.33%

2.32%

2.31%

2.31%

130% AFR

2.53%

2.51%

2.50%

2.50%

150% AFR

2.92%

2.90%

2.89%

2.88%

175% AFR

3.41%

3.38%

3.37%

3.36%
 

 

 

 

 

Long-Term

 

 

 

 

AFR

3.66%

3.63%

3.61%

3.60%

110% AFR

4.03%

3.99%

3.97%

3.96%

120% AFR

4.41%

4.36%

4.34%

4.32%

130% AFR

4.78%

4.72%

4.69%

4.67%


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

.43%

.43%

.43%

.43%
 

 

 

 

 

Mid-term adjusted AFR

1.62%

1.61%

1.61%

1.60%
 

 

 

 

 

Long-term adjusted AFR

3.86%

3.82%

3.80%

3.79%

The adjusted long-term exempt rate under IRC § 382 is 3.86% and the rate for ownership changes during the current month is 3.99%.

For purposes of the low-income housing credit the 70% present value credit percentage is 7.65%, and the 30% present value credit percentage is 3.28%. 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 2.4%.

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