IRS Revenue Ruling
2000-41

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 September
2000.


REV. RUL. 2000-41

This revenue ruling provides various prescribed rates for federal
income tax purposes for September 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. 2000-41 TABLE 1

Applicable Federal Rates (AIR) for September 2000

Period for Compounding
-------------------------------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-Term
AFR 6.33% 6.23% 6.18% 6.15%
110% AFR 6.97% 6.85% 6.79% 6.75%
120% AFR 7.62% 7.48% 7.41% 7.37%
130% AFR 8.26% 8.10% 8.02% 7.97%

Mid-Term
AFR 6.22% 6.13% 6.08% 6.05%
110% AFR 6.85% 6.74% 6.68% 6.65%
120% AFR 7.50% 7.36% 7.29% 7.25%
130% AFR 8.13% 7.97% 7.89% 7.84%
150% AFR 9.41% 9.20% 9.10% 9.03%
175% AFR 11.02% 10.73% 10.59% 10.50%

Long-Term
AFR 6.09% 6.00% 5.96% 5.93%
110% AFR 6.71% 6.60% 6.55% 6.51%
120% AFR 7.33% 7.20% 7.14% 7.09%
130% AFR 7.95% 7.80% 7.73% 7.68%


REV. RUL. 2000-41 TABLE 2

Adjusted AFR for September 2000

Period for Compounding
-------------------------------------------
Annual Semiannual Quarterly Monthly
------ ---------- --------- -------
Short-term
adjusted AFR 4.38% 4.33% 4.31% 4.29%

Mid-term
adjusted AFR 4.67% 4.62% 4.59% 4.58%

Long-term
adjusted AFR 5.41% 5.34% 5.30% 5.28%


REV. RUL. 2000-41 TABLE 3

Rates Under Section 382 for September 2000

Adjusted federal long-term rate for the current month 5.41%

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.) 5.79%


REV. RUL. 2000-41 TABLE 4

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

Appropriate percentage for the 70% present value
low-income housing credit 8.44%

Appropriate percentage for the 30% present value
low-income housing credit 3.62%


REV. RUL. 2000-41 TABLE 5

Rate Under Section 7520 for September 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 7.6%

<<END RULING>>
 

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