Internal Revenue Bulletin:  2013-50 

December 9, 2013 

Rev. Rul. 2013–26


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for December 2013 (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, 2014, shall not be less than 9%. 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. Finally, Table 6 contains the 2014 interest rate for sections 846 and 807.

REV. RUL. 2013–26 TABLE 1
Applicable Federal Rates (AFR) for December 2013
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term
AFR .25% .25% .25% .25%
110% AFR .28% .28% .28% .28%
120% AFR .30% .30% .30% .30%
130% AFR .33% .33% .33% .33%
Mid-term
AFR 1.65% 1.64% 1.64% 1.63%
110% AFR 1.81% 1.80% 1.80% 1.79%
120% AFR 1.98% 1.97% 1.97% 1.96%
130% AFR 2.14% 2.13% 2.12% 2.12%
150% AFR 2.48% 2.46% 2.45% 2.45%
175% AFR 2.89% 2.87% 2.86% 2.85%
Long-term
AFR 3.32% 3.29% 3.28% 3.27%
110% AFR 3.65% 3.62% 3.60% 3.59%
120% AFR 3.99% 3.95% 3.93% 3.92%
130% AFR 4.33% 4.28% 4.26% 4.24%
REV. RUL. 2013–26 TABLE 2
Adjusted AFR for December 2013
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .25% .25% .25% .25%
Mid-term adjusted AFR 1.57% 1.56% 1.56% 1.55%
Long-term adjusted AFR 3.32% 3.29% 3.28% 3.27%
REV. RUL. 2013–26 TABLE 3
Rates Under Section 382 for December 2013
Adjusted federal long-term rate for the current month 3.32%
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.) 3.50%
REV. RUL. 2013–26 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for December 2013
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, 2014, shall not be less than 9%.
Appropriate percentage for the 70% present value low-income housing credit 7.57%
Appropriate percentage for the 30% present value low-income housing credit 3.25%
REV. RUL. 2013–26 TABLE 5
Rate Under Section 7520 for December 2013
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 2.0%
REV. RUL. 2013–26 TABLE 6
Rates Under Sections 846 and 807
Applicable rate of interest for 2014 for purposes of sections 846 and 807 1.79%

More Internal Revenue Bulletins