Rev. Rul. 2007-15
Applicable Federal Rates for March
This revenue ruling provides various prescribed rates for federal income tax purposes
for March 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
March 2007
|
|
|
Period for Compounding
|
|
Applicable Federal Rate (AFR)
|
Annual
|
Semi-annual
|
Quarterly
|
Monthly
|
|
Short-Term
|
|
|
|
|
|
AFR
|
5.06%
|
5.00%
|
4.97%
|
4.95%
|
|
110% AFR
|
5.58%
|
5.50%
|
5.46%
|
5.44%
|
|
120% AFR
|
6.09%
|
6.00%
|
5.96%
|
5.93%
|
|
130% AFR
|
6.61%
|
6.50%
|
6.45%
|
6.41%
|
|
Mid-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%
|
|
150% AFR
|
7.33%
|
7.20%
|
7.14%
|
7.09%
|
|
175% AFR
|
8.58%
|
8.40%
|
8.31%
|
8.26%
|
|
Long-Term
|
|
|
|
|
|
AFR
|
5.01%
|
4.95%
|
4.92%
|
4.90%
|
|
110% AFR
|
5.52%
|
5.45%
|
5.41%
|
5.39%
|
|
120% AFR
|
6.03%
|
5.94%
|
5.90%
|
5.87%
|
|
130% AFR
|
6.54%
|
6.44%
|
6.39%
|
6.36%
|
Table II
Adjusted AFR for March 2007
|
|
|
Period for Compounding
|
|
|
Annual
|
Semi-annual
|
Quarterly
|
Monthly
|
|
Short-term adjusted AFR
|
3.58%
|
3.55%
|
3.53%
|
3.52%
|
|
Mid-term adjusted AFR
|
3.71%
|
3.68%
|
3.66%
|
3.65%
|
|
Long-term adjusted AFR
|
4.18%
|
4.14%
|
4.12%
|
4.10%
|
Table III
Rates Under Section 382 for March 2007
|
|
Adjusted federal long-term rate for the current month
|
4.18%
|
|
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.)
|
4.18%
|
Table IV
Appropriate Percentages Under Section 42(b)(2) for March 2007
|
|
Appropriate Percentage for the 70% present value low-income housing credit
|
8.15%
|
|
Appropriate Percentage for the 30% present value low-income housing credit
|
3.49%
|
Table V
Rate Under Section 7520 for March 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
|
5.8%
|
|
Back to Top
[Printer Friendly Adobe PDF Version]
