Rev. Rul. 2007 - 44
Applicable Federal Rates for July
This revenue ruling provides various prescribed rates for federal income tax purposes
for July 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. 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. Finally, Table 6 contains the blended annual rate
for 2007 for purposes of section 7872.
Table I
July 2007
|
|
|
Period for Compounding
|
|
Applicable Federal Rate (AFR)
|
Annual
|
Semi-annual
|
Quarterly
|
Monthly
|
|
Short-Term
|
|
|
|
|
|
AFR
|
4.97%
|
4.91%
|
4.88%
|
4.86%
|
|
110% AFR
|
5.47%
|
5.40%
|
5.36%
|
5.34%
|
|
120% AFR
|
5.98%
|
5.89%
|
5.85%
|
5.82%
|
|
130% AFR
|
6.48%
|
6.38%
|
6.33%
|
6.30%
|
|
Mid-Term
|
|
|
|
|
|
AFR
|
4.95%
|
4.89%
|
4.86%
|
4.84%
|
|
110% AFR
|
5.45%
|
5.38%
|
5.34%
|
5.32%
|
|
120% AFR
|
5.96%
|
5.87%
|
5.83%
|
5.80%
|
|
130% AFR
|
6.46%
|
6.36%
|
6.31%
|
6.28%
|
|
150% AFR
|
7.47%
|
7.34%
|
7.27%
|
7.23%
|
|
175% AFR
|
8.74%
|
8.56%
|
8.47%
|
8.41%
|
|
Long-Term
|
|
|
|
|
|
AFR
|
5.15%
|
5.09%
|
5.06%
|
5.04%
|
|
110% AFR
|
5.68%
|
5.60%
|
5.56%
|
5.54%
|
|
120% AFR
|
6.20%
|
6.11%
|
6.06%
|
6.03%
|
|
130% AFR
|
6.73%
|
6.62%
|
6.57%
|
6.53%
|
Table II
Adjusted AFR for July 2007
|
|
|
Period for Compounding
|
|
|
Annual
|
Semi-annual
|
Quarterly
|
Monthly
|
|
Short-term adjusted AFR
|
3.66%
|
3.63%
|
3.61%
|
3.60%
|
|
Mid-term adjusted AFR
|
3.81%
|
3.77%
|
3.75%
|
3.74%
|
|
Long-term adjusted AFR
|
4.32%
|
4.27%
|
4.25%
|
4.23%
|
Table III
Rates Under Section 382 for July 2007
|
|
Adjusted federal long-term rate for the current month
|
4.32%
|
|
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.)
|
4.32%
|
Table IV
Appropriate Percentages Under Section 42(b)(2) for July 2007
|
|
Appropriate Percentage for the 70% present value low-income housing credit
|
8.18%
|
|
Appropriate Percentage for the 30% present value low-income housing credit
|
3.50%
|
Table V
Rate Under Section 7520 for July 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
|
6.0%
|
Table VI
Blended Annual Rate for 2007
|
|
Section 7872(e)(2) blended annual rate for 2007
|
4.92%
|
|
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