rr-00-28.pdf

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# Part I

Section 1274 .-- Determination of Issue Price in the Case of
Certain Debt Instruments Issued for Property

(Also Sections 42, 280G, 382, 412, 467, 468, 482, 483, 642, 807,
846, 1288, 7520, 7872.)

## Rev. Rul. 2000-28

This revenue ruling provides various prescribed rates for
federal income tax purposes for June 2000 (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) (2) for buildings placed in service
during the current month. 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.

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REV. RUL. 2000-28 TABLE 1 Applicable Federal Rates (AFR) for June 2000 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-Term

AFR

6.53%

6.43%

6.38%

6.35%

110% AFR

7.19%

7.07%

7.01%

6.97%

120% AFR

7.87%

7.72%

7.65%

7.60%

130% AFR

8.53%

8.36%

8.27%

8.22%

Mid-Term

AFR

6.62%

6.51%

6.46%

6.42%

110% AFR

7.29%

7.16%

7.10%

7.06%

120% AFR

7.96%

7.81%

7.74%

7.69%

130% AFR

8.64%

8.46%

8.37%

8.31%

150% AFR

10.01%

9.77%

9.65%

9.58%

175% AFR

11.71%

11.39%

11.23%

11.13%

Long-Term

AFR

6.39%

6.29%

6.24%

6.21%

110% AFR

7.04%

6.92%

6.86%

6.82%

120% AFR

7.69%

7.55%

7.48%

7.43%

130% AFR

8.35%

8.18%

8.10%

8.04%

REV. RUL. 2000-28 TABLE 2 Adjusted AFR for June 2000

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

4.62%

4.57%

4.54%

4.53%

Mid-term adjusted AFR

5.01%

4.95%

4.92%

4.90%

Long-term adjusted AFR

5.65%

5.57%

5.53%

5.51%

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# REV. RUL. 2000-28 TABLE 3

Rates Under Section 382 for June 2000
Adjusted federal long-term rate for the current month
5.65%

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. )

5.75%

## REV. RUL. 2000-28 TABLE 4

Appropriate Percentages Under Section 42 (b) (2)
for June 2000

Appropriate percentage for the 70% present
value low-income housing credit
8.53%

Appropriate percentage for the 30% present
value low-income housing credit
3.65%

# REV. RUL. 2000-28 TABLE 5

Rate Under Section 7520 for June 2000

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
8.0%