rr-02-36.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. 2002-36

This revenue ruling provides various prescribed rates for
federal income tax purposes for June 2002 (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. 2002-36 TABLE 1 Applicable Federal Rates (AFR) for June 2002 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-Term

AFR

2.91%

2.89%

2.88%

2.87%

110% AFR

3.21%

3.18%

3.17%

3.16%

120% AFR

3.50%

3.47%

3.46%

3.45%

130% AFR

3.80%

3.76%

3.74%

3.73%

Mid-Term

AFR

4.74%

4.69%

4.66%

4.64%

110% AFR

5.23%

5.16%

5.13%

5.11%

120% AFR

5.71%

5.63%

5.59%

5.57%

130% AFR

6.19%

6.10%

6.05%

6.02%

150% AFR

7.16%

7.04%

6.98%

6.94%

175% AFR

8.38%

8.21%

8.13%

8.07%

Long-Term

AFR

5.70%

5.62%

5.58%

5.56%

110% AFR

6.28%

6.18%

6.13%

6.10%

120% AFR

6.85%

6.74%

6.68%

6.65%

130% AFR

7.44%

7.31%

7.24%

7.20%

REV. RUL. 2002-36 TABLE 2 Adjusted AFR for June 2002 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

2.45%

2.44%

2.43%

2.43%

Mid-term adjusted AFR

3.67%

3.64%

3.62%

3.61%

Long-term adjusted AFR

4.89%

4.83%

4.80%

4.78%

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# REV. RUL. 2002-36 TABLE 3 Rates Under Section 382 for June 2002

Adjusted federal long-term rate for the current month
4.89%

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. )

5.01%

REV. RUL. 2002-36 TABLE 4
Appropriate Percentages Under Section 42 (b) (2)
for June 2002

Appropriate percentage for the 70% present
value low-income housing credit
8.22%

Appropriate percentage for the 30% present
value low-income housing credit
3.52%

## REV. RUL. 2002-36 TABLE 5 Rate Under Section 7520 for June 2002

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
5.8%