Applicable Federal Rates
for February
Rev. Rul. 2008-09, 2008-5 IRB
The Applicable Federal Rates for February 2008 are reproduced below.
| Table
I
|
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| Applicable Federal Rate (AFR) |
Annual |
Semi-annual |
Quarterly |
Monthly |
|
February 2008 |
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| Period for Compounding |
||||
| Short-Term |
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| AFR |
3.11% |
3.09% |
3.08% |
3.07% |
| 110% AFR |
3.43% |
3.40% |
3.39% |
3.38% |
| 120% AFR |
3.74% |
3.71% |
3.69% |
3.68% |
| 130% AFR |
4.06% |
4.02% |
4.00% |
3.99% |
| Mid-Term |
||||
| AFR |
3.51% |
3.48% |
3.46% |
3.46% |
| 110% AFR |
3.87% |
3.83% |
3.81% |
3.80% |
| 120% AFR |
4.22% |
4.18% |
4.16% |
4.14% |
| 130% AFR |
4.57% |
4.52% |
4.49% |
4.48% |
| 150% AFR |
5.29% |
5.22% |
5.19% |
5.16% |
| 175% AFR |
6.18% |
6.09% |
6.04% |
6.01% |
| Long-Term
|
||||
| AFR |
4.46% |
4.41% |
4.39% |
4.37% |
| 110% AFR |
4.91% |
4.85% |
4.82% |
4.80% |
| 120% AFR |
5.36% |
5.29% |
5.26% |
5.23% |
| 130% AFR |
5.81% |
5.73% |
5.69% |
5.66% |
| Table II
|
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| Adjusted AFR for February 2008 |
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| Period for Compounding |
||||
| Annual |
Semi-annual |
Quarterly |
Monthly |
|
| Short-term adjusted AFR |
2.84% |
2.82% |
2.81% |
2.80% |
| Mid-term adjusted AFR |
3.36% |
3.33% |
3.32% |
3.31% |
| Long-term adjusted AFR |
4.23% |
4.19% |
4.17% |
4.15% |
| Table III
|
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| Rates Under Section 382 for February 2008 |
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| Adjusted federal long-term rate for the current month |
4.23% |
|||
| 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). |
4.34% |
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| Table
IV
|
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| Appropriate Percentages Under Section 42(b)(2) for February 2008 |
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| Appropriate Percentage for the 70% present value low-income housing credit |
7.92% |
|||
| Appropriate Percentage for the 30% present value low-income housing credit |
3.40% |
|||
| Table V
|
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| Rate Under Section 7520 for February 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 |
4.2% |
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