Applicable Federal Rates
for April
Rev. Rul. 2008-20, 2008-14 IRB
The Applicable Federal Rates for April 2008 are reproduced below.
| Table
I
|
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| Applicable Federal Rate (AFR) |
Annual |
Semi-annual |
Quarterly |
Monthly |
|
April 2008 |
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| Period for Compounding |
||||
| Short-Term |
||||
| AFR |
1.85% |
1.84% |
1.84% |
1.83% |
| 110% AFR |
2.03% |
2.02% |
2.01% |
2.01% |
| 120% AFR |
2.22% |
2.21% |
2.20% |
2.20% |
| 130% AFR |
2.40% |
2.39% |
2.38% |
2.38% |
| Mid-Term |
||||
| AFR |
2.87% |
2.85% |
2.84% |
2.83% |
| 110% AFR |
3.16% |
3.14% |
3.13% |
3.12% |
| 120% AFR |
3.45% |
3.42% |
3.41% |
3.40% |
| 130% AFR |
3.74% |
3.71% |
3.69% |
3.68% |
| 150% AFR |
4.33% |
4.28% |
4.26% |
4.24% |
| 175% AFR |
5.05% |
4.99% |
4.96% |
4.94% |
| Long-Term
|
||||
| AFR |
4.40% |
4.35% |
4.33% |
4.31% |
| 110% AFR |
4.85% |
4.79% |
4.76% |
4.74% |
| 120% AFR |
5.29% |
5.22% |
5.19% |
5.16% |
| 130% AFR |
5.74% |
5.66% |
5.62% |
5.59% |
| Table II
|
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| Adjusted AFR for April 2008 |
||||
| Period for Compounding |
||||
| Annual |
Semi-annual |
Quarterly |
Monthly |
|
| Short-term adjusted AFR |
1.99% |
1.98% |
1.98% |
1.97% |
| Mid-term adjusted AFR |
3.28% |
3.25% |
3.24% |
3.23% |
| Long-term adjusted AFR |
4.55% |
4.50% |
4.47% |
4.46% |
| Table III
|
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| Rates Under Section 382 for April 2008 |
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| Adjusted federal long-term rate for the current month |
4.55% |
|||
| 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). |
4.55% |
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| Table
IV
|
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| Appropriate Percentages Under Section 42(b)(2) for April 2008 |
||||
| Appropriate Percentage for the 70% present value low-income housing credit |
7.84% |
|||
| Appropriate Percentage for the 30% present value low-income housing credit |
3.36% |
|||
| Table V
|
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| Rate Under Section 7520 for April 2008 |
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| 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 |
3.4% |
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