Internal Revenue Bulletin:  2015-6 

February 9, 2015 

Rev. Rul. 2015–3


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for February 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. 2015–3 TABLE 1
Applicable Federal Rates (AFR) for February 2015
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term
AFR .48% .48% .48% .48%
110% AFR .53% .53% .53% .53%
120% AFR .58% .58% .58% .58%
130% AFR .62% .62% .62% .62%
Mid-term
AFR 1.70% 1.69% 1.69% 1.68%
110% AFR 1.87% 1.86% 1.86% 1.85%
120% AFR 2.04% 2.03% 2.02% 2.02%
130% AFR 2.21% 2.20% 2.19% 2.19%
150% AFR 2.56% 2.54% 2.53% 2.53%
175% AFR 2.98% 2.96% 2.95% 2.94%
Long-term
AFR 2.41% 2.40% 2.39% 2.39%
110% AFR 2.66% 2.64% 2.63% 2.63%
120% AFR 2.90% 2.88% 2.87% 2.86%
130% AFR 3.14% 3.12% 3.11% 3.10%
REV. RUL. 2015–3 TABLE 2
Adjusted AFR for February 2015
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .46% .46% .46% .46%
Mid-term adjusted AFR 1.39% 1.39% 1.39% 1.39%
Long-term adjusted AFR 2.41% 2.40% 2.39% 2.39%
REV. RUL. 2015–3 TABLE 3
Rates Under Section 382 for February 2015
Adjusted federal long-term rate for the current month 2.41%
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.) 2.68%
REV. RUL. 2015–3 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for February 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 7.47%
Appropriate percentage for the 30% present value low-income housing credit 3.20%
REV. RUL. 2015–3 TABLE 5
Rate Under Section 7520 for February 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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