Rev. Rul. 2007-9
Applicable Federal Rates for February
This revenue ruling provides various prescribed rates for federal income tax purposes
for February 2007 (the current month). Table 1 contains the short-term, midterm,
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,
midterm, 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
longterm 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.
Table I
February 2007
|
|
|
Period for Compounding
|
|
Applicable Federal Rate (AFR)
|
Annual
|
Semi-annual
|
Quarterly
|
Monthly
|
|
Short-Term
|
|
|
|
|
|
AFR
|
4.93%
|
4.87%
|
4.84%
|
4.82%
|
|
110% AFR
|
5.43%
|
5.36%
|
5.32%
|
5.30%
|
|
120% AFR
|
5.93%
|
5.84%
|
5.80%
|
5.77%
|
|
130% AFR
|
6.43%
|
6.33%
|
6.28%
|
6.25%
|
|
Mid-Term
|
|
|
|
|
|
AFR
|
4.69%
|
4.64%
|
4.61%
|
4.60%
|
|
110% AFR
|
5.17%
|
5.10%
|
5.07%
|
5.05%
|
|
120% AFR
|
5.65%
|
5.57%
|
5.53%
|
5.51%
|
|
130% AFR
|
6.12%
|
6.03%
|
5.99%
|
5.96%
|
|
150% AFR
|
7.08%
|
6.96%
|
6.90%
|
6.86%
|
|
175% AFR
|
8.28%
|
8.12%
|
8.04%
|
7.99%
|
|
Long-Term
|
|
|
|
|
|
AFR
|
4.86%
|
4.80%
|
4.77%
|
4.75%
|
|
110% AFR
|
5.35%
|
5.28%
|
5.25%
|
5.22%
|
|
120% AFR
|
5.84%
|
5.76%
|
5.72%
|
5.69%
|
|
130% AFR
|
6.34%
|
6.24%
|
6.19%
|
6.16%
|
Table II
Adjusted AFR for February 2007
|
|
|
Period for Compounding
|
|
|
Annual
|
Semi-annual
|
Quarterly
|
Monthly
|
|
Short-term adjusted AFR
|
3.46%
|
3.43%
|
3.42%
|
3.41%
|
|
Mid-term adjusted AFR
|
3.58%
|
3.55%
|
3.53%
|
3.52%
|
|
Long-term adjusted AFR
|
4.07%
|
4.03%
|
4.01%
|
4.00%
|
Table III
Rates Under Section 382 for February 2007
|
|
Adjusted federal long-term rate for the current month
|
4.07%
|
|
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.)
|
4.14%
|
Table IV
Appropriate Percentages Under Section 42(b)(2) for February 2007
|
|
Appropriate Percentage for the 70% present value low-income housing credit
|
8.11%
|
|
Appropriate Percentage for the 30% present value low-income housing credit
|
3.48%
|
Table V
Rate Under Section 7520 for February 2007
|
|
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
|
5.6%
|
|
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