IRS Announces New Interest Rates
Rev Rul 2015-8, 2015-18 IRB
The Applicable Federal Rates for May 2015 are reproduced below.
Table 1 Applicable Federal Rates (AFR) for May 2015 Period for Compounding Annual Semiannual Quarterly Month Short-Term AFR .43% .43% .43% .43% 110% AFR .47% .47% .47% .47% 120% AFR .52% .52% .52% .52% 130% AFR .56% .56% .56% .56% Mid-Term AFR 1.53% 1.52% 1.52% 1.52% 110% AFR 1.68% 1.67% 1.67% 1.66% 120% AFR 1.83% 1.82% 1.82% 1.81% 130% AFR 1.99% 1.98% 1.98% 1.97% 150% AFR 2.29% 2.28% 2.27% 2.27% 175% AFR 2.68% 2.66% 2.65% 2.65% Long-Term AFR 2.30% 2.29% 2.28% 2.28% 110% AFR 2.54% 2.52% 2.51% 2.51% 120% AFR 2.77% 2.75% 2.74% 2.73% 130% AFR 3.00% 2.98% 2.97% 2.96%
Table 2 Adjusted AFR for May 2015 Period for Compounding Annual Semiannual Quarterly Monthly Short-term adjusted AFR .43% .43% .43% .43% Mid-term adjusted AFR 1.43% 1.42% 1.42% 1.42% Long-term adjusted AFR 2.30% 2.29% 2.28% 2.28%
Table 3 Rates Under Section 382 for May 2015 Adjusted federal long-term rate for the current month 2.30% 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) 2.47%
Table 4 Appropriate Percentages Under Section 42(b)(1) for May 2015** Appropriate percentage for the 70% present value low-income housing credit 7.44% Appropriate percentage for the 30% present value low-income housing credit 3.19%
Table 5 Rate Under Section 7520 for May 2015 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 1.8%
Full IRS PDF