Section 7520

3 as 2 substituted the secretary for not later than december 31 1989 the secretary and struck out thereafter after once each 10 years and struck out former par.

Section 7520. Section 7520 interest rates to be used to value certain charitable interests in trusts. It is equal to 120 of the applicable federal mid term rate under i r c. It is equal to 120 of the applicable federal mid term rateunder section 1274 d but rounded to the nearest two tenths of a percent.

That rate is then rounded to the nearest two tenths of one percent. 1274 d but rounded to the nearest two tenths of a percent. Pursuant to internal revenue code 7520 the interest rate for a particular month is the rate that is 120 percent of the applicable federal midterm rate compounded annually for the month in which the valuation date falls.

The 7520 rate is used to discount the value of annuities life estates and remainders to present value and is revised monthly. Pursuant to internal revenue code 7520 the interest rate for a particular month is the rate that is 120 percent of the applicable federal midterm rate compounded annually for the month in which the valuation date falls. The 7520 rate named for the appropriate internal revenue code section is 0 80 for may of 2020 fully 73 lower than the rate in february of 2020.