Rev. Rul. 2020-9 — Federal rates; adjusted federal rates; adjusted federal long-term rate, the long-term exempt rate, and the blended annual rate.

# REV. RUL. 2020-9 TABLE 1 Applicable Federal Rates (AFR) for April 2020 Period for Compounding

This revenue ruling provides various prescribed rates for federal income tax purposes for April 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%. 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.

	Annual	Semiannual	Quarterly	Monthly
		Short-term
AFR	0.91%	0.91%	0.91%	0.91%
110% AFR	1.00%	1.00%	1.00%	1.00%
120% AFR	1.09%	1.09%	1.09%	1.09%
130% AFR	1.18%	1.18%	1.18%	1.18%
		Mid-term
AFR	0.99%	0.99%	0.99%	0.99%
110% AFR	1.09%	1.09%	1.09%	1.09%
120% AFR	1.19%	1.19%	1.19%	1.19%
130% AFR	1.29%	1.29%	1.29%	1.29%
150% AFR	1.50%	1.49%	1.49%	1.49%
175% AFR	1.74%	1.73%	1.73%	1.72%
		Long-term
AFR	1.44%	1.43%	1.43%	1.43%
110% AFR	1.58%	1.57%	1.57%	1.56%
120% AFR	1.73%	1.72%	1.72%	1.71%
130% AFR	1.87%	1.86%	1.86%	1.85%

# REV. RUL. 2020-9 TABLE 2 Adjusted AFR for April 2020 Period for Compounding

	Annual	Semiannual	Quarterly	Monthly
Short-term adjusted AFR	0.69%	0.69%	0.69%	0.69%
Mid-term adjusted AFR	0.75%	0.75%	0.75%	0.75%
Long-term adjusted AFR	1.09%	1.09%	1.09%	1.09%

# REV. RUL. 2020-9 TABLE 3 Rates Under Section 382 for April 2020

Adjusted federal long-term rate for the current month	1.09%
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.)	1.63%

# REV. RUL. 2020-9 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for April 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	7.28%
Appropriate percentage for the 30% present value low-income housing credit	3.12%

# Table 5

REV. RUL. 2020-9 TABLE 5 Rate Under Section 7520 for April 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

1.2%