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October 2001
Applicable Federal Rates

Rev. Rul. 2001-49

This revenue ruling provides various prescribed rates for federal income tax purposes for October 2001 (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, mid-term, 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 long-term 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 1
Applicable Federal Rates

Period for Compounding
Annual
Semiannual
Quarterly
Monthly
 
Short-Term AFR
3.58%
3.55%
3.53%
3.52%
110% AFR
3.95%
3.91%
3.89%
3.88%
120% AFR
4.31%
4.26%
4.24%
4.22%
130% AFR 
4.67%
4.62%
4.59%
4.58%
 
Mid-Term AFR
4.59%
4.54%
4.51%
4.50%
110% AFR
5.05%
4.99%
4.96%
4.94%
120% AFR 
5.52%
5.45%
5.41%
5.39%
130% AFR 
5.99%
5.90%
5.86%
5.83%
150% AFR 
6.93%
6.81%
6.75%
6.72%
175% AFR 
8.11%
7.95%
7.87%
7.82%
 
Long-Term AFR
5.39%
5.32%
5.29%
5.26%
110% AFR
5.94%
5.85%
5.81%
5.78%
120% AFR 
6.48%
6.38%
6.33%
6.30%
130% AFR 
7.04%
6.92%
6.86%
6.82%

TABLE 2
Adjusted AFR

Period for Compounding
Annual
Semiannual
Quarterly
Monthly
 
Short-Term adjusted AFR
2.72%
2.70%
2.69%
2.68%
Mid-Term adjusted AFR
3.57%
3.54%
3.52%
3.51%
Long-Term adjusted AFR
4.71%
4.66%
4.63%
4.62%

TABLE 3
Rates Under Section 382

Adjusted federal long-term rate for the current month
4.71%
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.)
4.94%

TABLE 4
Appropriate Percentages Under Section 42(b)(2)

Appropriate percentage for the 70% present value low-income housing credit 
8.16%
Appropriate percentage for the 30% present value low-income housing credit
3.50%

TABLE 5
Rate Under Section 7520

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
5.60%

 

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