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November 2001
Applicable Federal Rates

Rev. Rul. 2001-52

This revenue ruling provides various prescribed rates for federal income tax purposes for November 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
2.73%
2.71%
2.70%
2.69%
110% AFR
3.00%
2.98%
2.97%
2.96%
120% AFR
3.28%
3.25%
3.24%
3.23%
130% AFR 
3.55%
3.52%
3.50%
3.49%
 
Mid-Term AFR
4.13%
4.09%
4.07%
4.06%
110% AFR
4.55%
4.50%
4.47%
4.46%
120% AFR 
4.97%
4.91%
4.88%
4.86%
130% AFR 
5.39%
5.32%
5.29%
5.26%
150% AFR 
6.23%
6.14%
6.09%
6.06%
175% AFR 
7.29%
7.16%
7.10%
7.06%
 
Long-Term AFR
5.31%
5.24%
5.21%
5.18%
110% AFR
5.84%
5.76%
5.72%
5.69%
120% AFR 
6.39%
6.29%
6.24%
6.21%
130% AFR 
6.93%
6.81%
6.75%
6.72%

TABLE 2
Adjusted AFR

Period for Compounding
Annual
Semiannual
Quarterly
Monthly
 
Short-Term adjusted AFR
2.39%
2.38%
2.37%
2.37%
Mid-Term adjusted AFR
3.41%
3.38%
3.37%
3.36%
Long-Term adjusted AFR
4.74%
4.69%
4.66%
4.64%

TABLE 3
Rates Under Section 382

Adjusted federal long-term rate for the current month
4.74%
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.)
4.85%

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

Appropriate percentage for the 70% present value low-income housing credit 
8.10%
Appropriate percentage for the 30% present value low-income housing credit
3.47%

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
5.0%

 

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