Applicable Federal Rates - Interest Rates for Tax Underpayments, Investments


Rev Rul 2013-11, 2013-20 IRB

The Applicable Federal Rates for May 2013 are reproduced below.
                                  Table 1
                Applicable Federal Rates (AFR) for May 2013
                          Period for Compounding
                Annual         Semiannual       Quarterly        Month
                                  Short-Term
     AFR         .20%           .20%             .20%             .20%
110% AFR         .22%           .22%             .22%             .22%
120% AFR         .24%           .24%             .24%             .24%
130% AFR         .26%           .26%             .26%             .26%
                                  Mid-term
     AFR        1.00%          1.00%            1.00%            1.00%
110% AFR        1.10%          1.10%            1.10%            1.10%
120% AFR        1.20%          1.20%            1.20%            1.20%
130% AFR        1.30%          1.30%            1.30%            1.30%
150% AFR        1.51%          1.50%            1.50%            1.50%
175% AFR        1.76%          1.75%            1.75%            1.74%
                                  Long-term
     AFR        2.60%          2.58%            2.57%            2.57%
110% AFR        2.86%          2.84%            2.83%            2.82%
120% AFR        3.12%          3.10%            3.09%            3.08%
130% AFR        3.38%          3.35%            3.34%            3.33%
                                  Table 2
                         Adjusted AFR for May 2013
                          Period for Compounding
                   Annual         Semiannual        Quarter          Monthly
Short-term
adjusted AFR        .20%            .20%              .20%            .20%
Mid-term
adjusted AFR       1.00%           1.00%             1.00%           1.00%
Long-term
adjusted AFR       2.60%           2.58%             2.57%           2.57%
                                 Table 3
                    Rates Under Section 382 for May 2013
Adjusted federal long-term rate for the current month                  2.60%
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.)                 2.70%
                                  Table 4
                Appropriate Percentages Under Section 42(b)(1)**
                                for May 2013
Appropriate percentage for the 70% present value low-income
housing credit                                                          7.41%
Appropriate percentage for the 30% present value low-income
housing credit                                                          3.18%
                                  Table 5
                    Rate Under Section 7520 for May 2013
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                                                    1.20%
**Note: Under Code Sec. 42(b)(2) , the applicable percentage for non-federally subsidized new buildings place in service after July 30, 2008, and before Dec. 31, 2013, is not to be less than 9%.

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