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

Interest Rates for May 2012 Released

  • 4/25/2012

Interest Rates for May 2012 Released

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

Applicable Federal Rates (AFR) for May 2012

Short-Term

Annual

Semiannual

Quarterly

Monthly

AFR

.28%

.28%

.28%

.28%

110% AFR

.31%

.31%

.31%

.31%

120% AFR

.34%

.34%

.34%

.34%

130% AFR

.36%

.36%

.36%

.36%

Mid-Term

Annual

Semiannual

Quarterly

Monthly

AFR

1.30%

1.30%

1.30%

1.30%

110% AFR

1.43%

1.43%

1.43%

1.43%

120% AFR

1.57%

1.56%

1.56%

1.55%

130% AFR

1.70%

1.69%

1.69%

1.68%

150% AFR

1.96%

1.95%

1.95%

1.94%

175% AFR

2.29%

2.28%

2.27%

2.27%

Long-Term

Annual

Semiannual

Quarterly

Monthly

AFR

2.89%

2.70%

2.69%

2.68%

110% AFR

3.18%

3.16%

3.15%

3.14%

120% AFR

3.47%

3.44%

3.43%

3.42%

130% AFR

3.76%

3.73%

3.73%

3.70%


Adjusted AFRs for May 2012

 

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

.27%

.27%

.27%

.27%

Mid-term adjusted AFR

1.30%

1.30%

1.30%

1.30%

Long-term adjusted AFR

3.26%

3.23%

3.22%

3.21%

The Code Sec. 382 adjusted federal long-term rate is 3.26 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 3.26 percent; the Code Sec. 42(b)(2) appropriate percentages for the 70 percent and 30 percent present values for the low-income housing credit are 7.48 percent and 3.21 percent, respectively. However, the appropriate percentage for non-federally subsidized new buildings placed in service after July 30, 2008, and before December 31, 2013, will be no less than 9 percent; and 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 1.6 percent.

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