rr-00-32.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. 2000-32

This revenue ruling provides various prescribed rates for
federal income tax purposes for July 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. 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. Finally, Table 6 contains the
blended annual rate for purposes of section 7872.

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# REV. RUL. 2000-32 TABLE 1 Applicable Federal Rates (AFR) for July 2000 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-Term

AFR

6.60%

6.49%

6.44%

6.40%

110% AFR

7.27%

7.14%

7.08%

7.04%

120% AFR

7.94%

7.79%

7.72%

7.67%

130% AFR

8.62%

8.44%

8.35%

8.30%

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

6.40%

6.30%

6.25%

6.22%

110% AFR

7.05%

6.93%

6.87%

6.83%

120% AFR

7.70%

7.56%

7.49%

7.44%

130% AFR

8.36%

8.19%

8.11%

8.05%

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REV. RUL. 2000-32 TABLE 2
Adjusted AFR for July 2000
Period for Compounding

REV. RUL. 2000-32 TABLE 3

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

4.88%

4.82%

4.79%

4.77%

Mid-term adjusted AFR

5.12%

5.06%

5.03%

5.01%

Long-term adjusted AFR

5.79%

5.71%

5.67%

5.64%

Rates Under Section 382 for July 2000
Adjusted federal long-term rate for the current month
5.79%

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. )
5.79%

REV. RUL. 2000-32 TABLE 4

Appropriate Percentages Under Section 42 (b) (2)
for July 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

3.66%

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REV. RUL. 2000-32 TABLE 5
Rate Under Section 7520 for July 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%

REV. RUL. 2000-32 TABLE 6
Blended Annual Rate for 2000

Section 7872 (e) (2) blended annual rate for 2000
6.24%