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Internal Revenue Bulletin:  2015-44 

November 2, 2015 

Rev. Rul. 2015–22


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for November 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. 2015–22 TABLE 1
Applicable Federal Rates (AFR) for November 2015
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term
AFR .49% .49% .49% .49%
110% AFR .54% .54% .54% .54%
120% AFR .59% .59% .59% .59%
130% AFR .64% .64% .64% .64%
Mid-term
AFR 1.59% 1.58% 1.58% 1.57%
110% AFR 1.75% 1.74% 1.74% 1.73%
120% AFR 1.91% 1.90% 1.90% 1.89%
130% AFR 2.06% 2.05% 2.04% 2.04%
150% AFR 2.38% 2.37% 2.36% 2.36%
175% AFR 2.79% 2.77% 2.76% 2.75%
Long-term
AFR 2.57% 2.55% 2.54% 2.54%
110% AFR 2.83% 2.81% 2.80% 2.79%
120% AFR 3.08% 3.06% 3.05% 3.04%
130% AFR 3.35% 3.32% 3.31% 3.30%
REV. RUL. 2015–22 TABLE 2
Adjusted AFR for November 2015
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .49% .49% .49% .49%
Mid-term adjusted AFR 1.49% 1.48% 1.48% 1.48%
Long-term adjusted AFR 2.57% 2.55% 2.54% 2.54%
REV. RUL. 2015–22 TABLE 3
Rates Under Section 382 for November 2015
Adjusted federal long-term rate for the current month 2.57%
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.) 2.64%
REV. RUL. 2015–22 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for November 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 7.48%
Appropriate percentage for the 30% present value low-income housing credit 3.20%
REV. RUL. 2015–22 TABLE 5
Rate Under Section 7520 for November 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 2.0%

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