rr-99-11.pdf

Preserve advance releases and the authoritative Internal Revenue Bulletin rendition; directory timestamps are file-publication metadata, not legal effective dates. HTML bulletins begin June 2003; earlier available issues require full PDF parsing.

This collection currently includes the publisher’s available advance-release directory. Historical bulletin renditions are discovered separately; an advance-release record alone does not certify the collection archive complete.

# 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. 99-11

This revenue ruling provides various prescribed rates for
federal income tax purposes for March 1999 (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.

<!-- PageBreak -->

REV. RUL. 99-11 TABLE 1 Applicable Federal Rates (AFR) for March 1999 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-Term

AFR

4.67%

4.62%

4.59%

4.58%

110% AFR

5.14%

5.08%

5.05%

5.03%

120% AFR

5.62%

5.54%

5.50%

5.48%

130% AFR

6.10%

6.01%

5.97%

5.94%

Mid-Term

AFR

4.83%

4.77%

4.74%

4.72%

110% AFR

5.32%

5.25%

5.22%

5.19%

120% AFR

5.80%

5.72%

5.68%

5.65%

130% AFR

6.30%

6.20%

6.15%

6.12%

150% AFR

7.29%

7.16%

7.10%

7.06%

175% AFR

8.52%

8.35%

8.26%

8.21%

Long-Term

AFR

5.30%

5.23%

5.20%

5.17%

110% AFR

5.83%

5.75%

5.71%

5.68%

120% AFR

6.38%

6.28%

6.23%

6.20%

130% AFR

6.92%

6.80%

6.74%

6.71%

<!-- PageBreak -->

REV. RUL. 99-11 TABLE 2 Adjusted AFR for March 1999 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

3.09%

3.07%

3.06%

3.05%

Mid-term adjusted AFR

3.77%

3.74%

3.72%

3.71%

Long-term adjusted AFR

4.68%

4.63%

4.60%

4.59%

REV. RUL. 99-11 TABLE 3

Rates Under Section 382 for March 1999
Adjusted federal long-term rate for the current month
4.68%

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.)
4.71%

<!-- PageBreak -->

# REV. RUL. 99-11 TABLE 4 Appropriate Percentages Under Section 42 (b) (2) for March 1999

Appropriate percentage for the 70% present
value low-income housing credit
8.18%

Appropriate percentage for the 30% present
value low-income housing credit
3.51%

## REV. RUL. 99-11 TABLE 5

Rate Under Section 7520 for March 1999

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%