Applicable Federal Rates (AFR) for May 2023 - Thomson …

REV. RUL. 2023-9 TABLE 1

Applicable Federal Rates (AFR) for May 2023

Period for Compounding

Annual Semiannual Quarterly Monthly

Short-term

AFR 110% AFR 120% AFR 130% AFR

4.30% 4.73% 5.17% 5.61%

4.25% 4.68% 5.10% 5.53%

4.23% 4.65% 5.07% 5.49%

4.21% 4.64% 5.05% 5.47%

Mid-term

AFR 110% AFR 120% AFR 130% AFR 150% AFR 175% AFR

3.57% 3.93% 4.30% 4.65% 5.38% 6.30%

3.54% 3.89% 4.25% 4.60% 5.31% 6.20%

3.52% 3.87% 4.23% 4.57% 5.28% 6.15%

3.51% 3.86% 4.21% 4.56% 5.25% 6.12%

Long-term

AFR 110% AFR 120% AFR 130% AFR

3.72% 4.10% 4.48% 4.86%

3.69% 4.06% 4.43% 4.80%

3.67% 4.04% 4.41% 4.77%

3.66% 4.03% 4.39% 4.75%

Short-term adjusted AFR

Mid-term adjusted AFR

Long-term adjusted AFR

REV. RUL. 2023-9 TABLE 2 Adjusted AFR for May 2023

Period for Compounding

Annual Semiannual Quarterly

3.26%

3.23%

3.22%

Monthly 3.21%

2.71%

2.69%

2.68%

2.68%

2.82%

2.80%

2.79%

2.78%

REV. RUL. 2023-9 TABLE 3 Rates Under Section 382 for May 2023

Adjusted federal long-term rate for the current month

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.)

2.82% 3.04%

REV. RUL. 2023-9 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for May 2023

Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less

than 9%.

Appropriate percentage for the 70% present value low-income

housing credit

7.84%

Appropriate percentage for the 30% present value low-income

housing credit

3.36%

REV. RUL. 2023-9 TABLE 5 Rate Under Section 7520 for May 2023

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

4.40%

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