Federal short-term rate means the rate of the average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of three years or less, as determined under section 1274 of the Internal Revenue Code, for July of the current year.
Federal short-term rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the rate of interest published by the Secretary of the Treasury, from time to time, in accordance with Section 1274(d) of the Internal Revenue Code, as the monthly Federal short-term rate.
Examples of Federal short-term rate in a sentence
The interest rate applicable to the amount of estate tax attributable to the taxable value of the closely-held business in ex- cess of $1 million is equal to 45 percent of the rate applicable to underpayments of tax under section 6621 (i.e., 45 percent of the Federal short-term rate plus 3 percentage points).
More Definitions of Federal short-term rate
Federal short-term rate means the applicable federal short-term rate as determined under Section 1274(d) of the Code.
Federal short-term rate means the rate of the average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of three
Federal short-term rate means the rate of the average market yield on outstanding
Federal short-term rate means the rate of the average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of three years or less, as