IRS Revenue Ruling
2000-19

 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 April 2000.


REV. RUL. 2000-19

This revenue ruling provides various prescribed rates for federal
income tax purposes for April 2000 (the current month.) Table 1 contains
the short-term, mid-term, and long-term applicable federal rates (AIR) 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. 2000-19 TABLE 1

Applicable Federal Rates (AFR) for April 2000

Period for Compounding
-------------------------------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-Term
AFR 6.46% 6.36% 6.31% 6.28%
110% AFR 7.12% 7.00% 6.94% 6.90%
120% AFR 7.78% 7.63% 7.56% 7.51%
130% AFR 8.44% 8.27% 8.19% 8.13%

Mid-Term
AFR 6.71% 6.60% 6.55% 6.51%
110% AFR 7.39% 7.26% 7.20% 7.15%
120% AFR 8.08% 7.92% 7.84% 7.79%
130% AFR 8.76% 8.58% 8.49% 8.43%
150% AFR 10.15% 9.90% 9.78% 9.70%
175% AFR 11.88% 11.55% 11.39% 11.28%

Long-Term
AFR 6.49% 6.39% 6.34% 6.31%
110% AFR 7.15% 7.03% 6.97% 6.93%
120% AFR 7.82% 7.67% 7.60% 7.55%
130% AFR 8.48% 8.31% 8.23% 8.17%


REV. RUL. 2000-19 TABLE 2

Adjusted AFR for April 2000

Period for Compounding
-------------------------------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-term
adjusted AFR 4.39% 4.34% 4.32% 4.30%

Mid-term
adjusted AFR 5.00% 4.94% 4.91% 4.89%

Long-term
adjusted AFR 5.75% 5.67% 5.63% 5.60%


REV. RUL. 2000-19 TABLE 3

Rates Under Section 382 for April 2000

Adjusted federal long-term rate for the current month 5.75%

Long-term tax-exempt rate for ownership changes
during the current month (die highest of the
adjusted federal long-term rates for the current
month and the prior two months.) 5.84%


REV. RUL. 2000-19 TABLE 4

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

Appropriate percentage for the 70% present value
low-income housing credit 8.55%

Appropriate percentage for the 30% present value
low-income housing credit 3.66%


REV. RUL. 2000-19 TABLE 5

Rate Under Section 7520 for April 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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