Rev. Rul. 2007-36
Applicable Federal Rates for June
This revenue ruling provides various prescribed rates for federal income tax
purposes for June 2007 (the current month). Table 1 contains the short-term, mid-term,
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
June 2007
|
|
|
Period for Compounding
|
|
Applicable Federal Rate (AFR)
|
Annual
|
Semi-annual
|
Quarterly
|
Monthly
|
|
Short-Term
|
|
|
|
|
|
AFR
|
4.84%
|
4.78%
|
4.75%
|
4.73%
|
|
110% AFR
|
5.33%
|
5.26%
|
5.23%
|
5.20%
|
|
120% AFR
|
5.82%
|
5.74%
|
5.70%
|
5.67%
|
|
130% AFR
|
6.31%
|
6.21%
|
6.16%
|
6.13%
|
|
Mid-Term
|
|
|
|
|
|
AFR
|
4.64%
|
4.59%
|
4.56%
|
4.55%
|
|
110% AFR
|
5.11%
|
5.05%
|
5.02%
|
5.00%
|
|
120% AFR
|
5.59%
|
5.51%
|
5.47%
|
5.45%
|
|
130% AFR
|
6.06%
|
5.97%
|
5.93%
|
5.90%
|
|
150% AFR
|
7.01%
|
6.89%
|
6.83%
|
6.79%
|
|
175% AFR
|
8.19%
|
8.03%
|
7.95%
|
7.90%
|
|
Long-Term
|
|
|
|
|
|
AFR
|
4.91%
|
4.85%
|
4.82%
|
4.80%
|
|
110% AFR
|
5.41%
|
5.34%
|
5.30%
|
5.28%
|
|
120% AFR
|
5.90%
|
5.82%
|
5.78%
|
5.75%
|
|
130% AFR
|
6.41%
|
6.31%
|
6.26%
|
6.23%
|
Table II
Adjusted AFR for June 2007
|
|
|
Period for Compounding
|
|
|
Annual
|
Semi-annual
|
Quarterly
|
Monthly
|
|
Short-term adjusted AFR
|
3.52%
|
3.49%
|
3.47%
|
3.46%
|
|
Mid-term adjusted AFR
|
3.68%
|
3.65%
|
3.63%
|
3.62%
|
|
Long-term adjusted AFR
|
4.15%
|
4.11%
|
4.09%
|
4.08%
|
Table III
Rates Under Section 382 for June 2007
|
|
Adjusted federal long-term rate for the current month
|
4.15%
|
|
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.)
|
4.15%
|
Table IV
Appropriate Percentages Under Section 42(b)(2) for June 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 June 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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