Applicable Federal Rates for June 2010

The following are the various prescribed rates for federal income tax purposes for June 2010 as set forth in Revenue Ruling 2010-15.

 

Annual

Semiannual

Quarterly

Monthly

Short-Term

 

 

 

 

AFR

.74%

.74%

.74%

.74%

110% AFR

.81%

.81%

.81%

.81%

120% AFR

.89%

.89%

.89%

.89%

130% AFR

.96%

.96%

.96%

.96%
 

 

 

 

 

Mid-Term

 

 

 

 

AFR

2.72%

2.70%

2.69%

2.68%

110% AFR

2.99%

2.97%

2.96%

2.95%

120% AFR

3.27%

3.24%

3.23%

3.22%

130% AFR

3.54%

3.51%

3.49%

3.48%

150% AFR

4.09%

4.05%

4.03%

4.02%

175% AFR

4.79%

4.73%

4.70%

4.68%
 

 

 

 

 

Long-Term

 

 

 

 

AFR

4.30%

4.25%

4.23%

4.21%

110% AFR

4.73%

4.68%

4.65%

4.64%

120% AFR

5.17%

5.10%

5.07%

5.05%

130% AFR

5.61%

5.53%

5.49%

5.47%

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

.76%

.76%

.76%

.76%
 

 

 

 

 

Mid-term adjusted AFR

2.08%

2.07%

2.06%

2.06%
 

 

 

 

 

Long-term adjusted AFR

4.01%

3.97%

3.95%

3.94%

The adjusted long-term exempt rate under IRC § 382 is 4.01% 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 7.81%, and the 30% present value credit percentage is 3.35%. 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 3.2%.

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