Rev. Rul. 2020-14 — Federal rates; adjusted federal rates; adjusted federal long-term rate, the long-term exempt rate, and the blended annual rate.

This revenue ruling provides various prescribed rates for federal income tax purposes for July 2020 (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)(1) for buildings placed in service during the current month. However, 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%. 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 2020 for purposes of section 7872.

REV. RUL. 2020-14 TABLE 1 Applicable Federal Rates (AFR) for July 2020 Period for Compounding

	Annual	Semiannual	Quarterly	Monthly
		Short-term
AFR	0.18%	0.18%	0.18%	0.18%
110% AFR	0.20%	0.20%	0.20%	0.20%
120% AFR	0.22%	0.22%	0.22%	0.22%
130% AFR	0.23%	0.23%	0.23%	0.23%
		Mid-term
AFR	0.45%	0.45%	0.45%	0.45%
110% AFR	0.50%	0.50%	0.50%	0.50%
120% AFR	0.54%	0.54%	0.54%	0.54%
130% AFR	0.59%	0.59%	0.59%	0.59%
150% AFR	0.68%	0.68%	0.68%	0.68%
175% AFR	0.79%	0.79%	0.79%	0.79%
		Long-term
AFR	1.17%	1.17%	1.17%	1.17%
110% AFR	1.29%	1.29%	1.29%	1.29%
120% AFR	1.40%	1.40%	1.40%	1.40%
130% AFR	1.53%	1.52%	1.52%	1.52%

REV. RUL. 2020-14 TABLE 2 Adjusted AFR for July 2020 Period for Compounding

	Annual	Semiannual	Quarterly	Monthly
Short-term adjusted AFR	0.14%	0.14%	0.14%	0.14%
Mid-term adjusted AFR	0.34%	0.34%	0.34%	0.34%
Long-term adjusted AFR	0.89%	0.89%	0.89%	0.89%

REV. RUL. 2020-14 TABLE 3 Rates Under Section 382 for July 2020

Adjusted federal long-term rate for the current month	.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.)	.89%

REV. RUL. 2020-14 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for July 2020

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	7.18%
Appropriate percentage for the 30% present value low-income housing credit	3.08%

REV. RUL. 2020-14 TABLE 5 Rate Under Section 7520 for July 2020

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

.6%

REV. RUL. 2020-14 TABLE 6 Blended Annual Rate for 2020

Section 7872(e)(2) blended annual rate for 2020

.89%