IRS Revenue Ruling
2000-9

  Code Secs. 1274, 42, 280G, 382, 412, 467 ....

<<FULL TEXT>>

(Also sections 42, 280G, 382, 412, 467, 468, 482, 483, 642, 807, 846,
1288, 7520, 7872.)

Federal Rates; adjusted federal rates; adjusted federal long-term rate,
and the long-term exempt rate. For purposes of sections 1274, 1288, 382,
and other sections of the Code, tables set forth the rates for February
2000.


REV. RUL. 2000-9

This revenue ruling provides various prescribed rates for federal
income tax purposes for February 2000 (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.


REV. RUL. 2000-9 TABLE 1

Applicable Federal Rates (AFR) for February 2000

Period for Compounding
-------------------------------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-Term
AFR 6.20% 6.11% 6.06% 6.03%
110% AFR 6.83% 6.72% 6.66% 6.63%
120% AFR 7.46% 7.33% 7.26% 7.22%
130% AFR 8.10% 7.94% 7.86% 7.81%

Mid-Term
AFR 6.56% 6.46% 6.41% 6.37%
110% AFR 7.24% 7.11% 7.05% 7.01%
120% AFR 7.90% 7.75% 7.68% 7.63%
130% AFR 8.58% 8.40% 8.31% 8.26%
150% AIR 9.92% 9.69% 9.58% 9.50%
175% AFR 11.63% 11.31% 11.15% 11.05%

Long-Term
AFR 6.77% 6.66% 6.61% 6.57%
110% AFR 7.46% 7.33% 7.26% 7.22%
120% AFR 8.15% 7.99% 7.91% 7.86%
130% AFR 8.85% 8.66% 8.57% 8.51%


REV. RUL. 2000-9 TABLE 2

Period for Compounding
-------------------------------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-term
adjusted AFR 4.19% 4.15% 4.13% 4.11%

Mid-term
adjusted AFR 4.87% 4.81% 4.78% 4.76%

Long-term
adjusted AIR 5.73% 5.65% 5.61% 5.58%


REV. RUL. 2000-9 TABLE 3

Rates Under Section 382 for February 2000

Adjusted federal long-term rate for the current month 5.73%

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.) 5.73%


REV. RUL. 2000-9 TABLE 4

Appropriate Percentages Under Section 42(b)(2) for February 2000

Appropriate percentage for the 70% present value
low-income housing credit 8.57%
Appropriate percentage for the 30% present value
low-income housing credit 3.67%


REV. RUL. 2000-9 TABLE 5

Rate Under Section 7520 for February 2000

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 8.0%

<<END RULING>>
 

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