Rev. Rul. 2015-4 - Rev. Rul. 2015–4
Rev. Rul. 2015–4
This revenue ruling provides various prescribed rates for federal income tax purposes for March 2015 (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)(1) for buildings placed in service during the current month. However, under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, with respect to housing credit dollar amount allocations made before January 1, 2015 shall not be less than 9%.
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. 2015–4 TABLE 1 | ||||
|---|---|---|---|---|
| Applicable Federal Rates (AFR) for March 2015 | ||||
| --- | --- | --- | --- | --- |
| Period for Compounding | ||||
| --- | --- | --- | --- | --- |
| Annual | Semiannual | Quarterly | Monthly | |
| --- | --- | --- | --- | --- |
| Short-term | ||||
| AFR | .40% | .40% | .40% | .40% |
| 110% AFR | .44% | .44% | .44% | .44% |
| 120% AFR | .48% | .48% | .48% | .48% |
| 130% AFR | .52% | .52% | .52% | .52% |
| Mid-term | ||||
| AFR | 1.47% | 1.46% | 1.46% | 1.46% |
| 110% AFR | 1.62% | 1.61% | 1.61% | 1.60% |
| 120% AFR | 1.76% | 1.75% | 1.75% | 1.74% |
| 130% AFR | 1.91% | 1.90% | 1.90% | 1.89% |
| 150% AFR | 2.20% | 2.19% | 2.18% | 2.18% |
| 175% AFR | 2.58% | 2.56% | 2.55% | 2.55% |
| Long-term | ||||
| AFR | 2.19% | 2.18% | 2.17% | 2.17% |
| 110% AFR | 2.41% | 2.40% | 2.39% | 2.39% |
| 120% AFR | 2.64% | 2.62% | 2.61% | 2.61% |
| 130% AFR | 2.85% | 2.83% | 2.82% | 2.81% |
| REV. RUL. 2015–4 TABLE 2 | ||||
|---|---|---|---|---|
| Adjusted AFR for March 2015 | ||||
| --- | --- | --- | --- | --- |
| Period for Compounding | ||||
| --- | --- | --- | --- | --- |
| Annual | Semiannual | Quarterly | Monthly | |
| --- | --- | --- | --- | --- |
| Short-term adjusted AFR | .36% | .36% | .36% | .36% |
| Mid-term adjusted AFR | 1.14% | 1.14% | 1.14% | 1.14% |
| Long-term adjusted AFR | 2.19% | 2.18% | 2.17% | 2.17% |
| REV. RUL. 2015–4 TABLE 3 | |
|---|---|
| Rates Under Section 382 for March 2015 | |
| --- | --- |
| Adjusted federal long-term rate for the current month | 2.19% |
| 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.) | 2.67% |
| REV. RUL. 2015–4 TABLE 4 | |
|---|---|
| Appropriate Percentages Under Section 42(b)(1) for March 2015 | |
| --- | --- |
| Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, with respect to housing credit dollar amount allocations made before January 1, 2015, shall not be less than 9%. | |
| Appropriate percentage for the 70% present value low–income housing credit | 7.42% |
| Appropriate percentage for the 30% present value low–income housing credit | 3.18% |
| REV. RUL. 2015–4 TABLE 5 | |
|---|---|
| Rate Under Section 7520 for March 2015 | |
| --- | --- |
| 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 | 1.8% |