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The IRS has released the short-term, mid-term, and long-term applicable interest rates for October 2012.

Federal Interest Rates Issued for October 2012

  • 10/10/2012

Federal Interest Rates Issued for October 2012

The IRS has released the short-term, mid-term, and long-term applicable interest rates for October 2012.

Applicable Federal Rates (AFR) for October 2012

Short-Term Annual Semiannual Quarterly Monthly
AFR .23% .23% .23% .23%
110% AFR  .25% .25% .25% .25%
120% AFR  .28% .28% .28% .28%
130% AFR  .30% .30% .30% .30%
Mid-Term Annual Semiannual Quarterly Monthly
AFR  .93% .93% .93% .93%
110% AFR  1.02% 1.02% 1.02% 1.02%
120% AFR  1.12% 1.12% 1.12% 1.12%
130% AFR  1.21% 1.21% 1.21% 1.21%
150% AFR  1.40% 1.40% 1.40% 1.40%
175% AFR  1.64% 1.63% 1.63% 1.62%
Long-Term Annual Semiannual Quarterly Monthly
AFR 2.36% 2.35% 2.34% 2.34%
110% AFR 2.61% 2.59% 2.58% 2.58%
120% AFR  2.84% 2.82% 2.81% 2.80%
130% AFR 3.08% 3.06% 3.05% 3.04%

Adjusted AFRs for October 2012

  Annual Semiannual Quarterly Monthly
Short-term adjusted AFR  .23% .23% .23% .23%
Mid-term adjusted AFR 1.04% 1.04% 1.04% 1.04%
Long-term adjusted AFR 2.87% 2.85% 2.84% 2.83%

The Code Sec. 382 adjusted federal long-term rate is 2.87 percent; the 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) is 3.01 percent; the Code Sec. 42(b)(2) appropriate percentages for the 70 percent and 30 percent present value low-income housing credit are 7.38 percent and 3.16 percent, respectively. However, the appropriate percentage for nonfederally subsidized new buildings placed in service after July 30, 2008, and before December 31, 2013, shall not be less than 9 percent. The Code Sec. 7520 AFR for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest, is 1.2 percent.

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