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Internal Revenue Bulletin:  2015-36 

September 7, 2015 

Rev. Rul. 2015–19


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for September 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. 2015–19 TABLE 1
Applicable Federal Rates (AFR) for September 2015
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term
AFR .54% .54% .54% .54%
110% AFR .59% .59% .59% .59%
120% AFR .65% .65% .65% .65%
130% AFR .70% .70% .70% .70%
Mid-term
AFR 1.77% 1.76% 1.76% 1.75%
110% AFR 1.95% 1.94% 1.94% 1.93%
120% AFR 2.12% 2.11% 2.10% 2.10%
130% AFR 2.30% 2.29% 2.28% 2.28%
150% AFR 2.66% 2.64% 2.63% 2.63%
175% AFR 3.10% 3.08% 3.07% 3.06%
Long-term
AFR 2.64% 2.62% 2.61% 2.61%
110% AFR 2.90% 2.88% 2.87% 2.86%
120% AFR 3.16% 3.14% 3.13% 3.12%
130% AFR 3.44% 3.41% 3.40% 3.39%
REV. RUL. 2015–19 TABLE 2
Adjusted AFR for September 2015
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .45% .45% .45% .45%
Mid-term adjusted AFR 1.52% 1.51% 1.51% 1.51%
Long-term adjusted AFR 2.64% 2.62% 2.61% 2.61%
REV. RUL. 2015–19 TABLE 3
Rates Under Section 382 for September 2015
Adjusted federal long-term rate for the current month 2.64%
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.) 2.82%
REV. RUL. 2015–19 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for September 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 7.51%
Appropriate percentage for the 30% present value low–income housing credit 3.22%
REV. RUL. 2015–19 TABLE 5
Rate Under Section 7520 for September 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 2.2%

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