The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rates for determining the value of noncommercial flights on employer-provided aircraft in effect for the second half of 2009 for purposes of the taxation of fringe benefits. The value of a flight is determined under the base aircraft valuation formula by multiplying the SIFL cents-per-mile rates applicable for the period during which the flight was taken by the appropriate aircraft multiple provided in Reg. §1.61-21(g)(7) and then adding the applicable terminal charge. 

For flights taken during the period from July 1, 2009, through December 31, 2009, the terminal charge is $45.71 and the SIFL rates are $.2501 per mile for the first 500 miles, $.1907 per file for 501 through 1500 miles, and $.1833 for over 1,500 miles.