rr-10-19.pdf

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Section 1274 .-- Determination of Issue Price in the Case of Certain Debt Instruments
Issued for Property

(Also Sections 42, 280G, 382, 412, 467, 468, 482, 483, 642, 807, 846, 1288, 7520,
7872.)

# Rev. Rul. 2010-19

This revenue ruling provides various prescribed rates for federal
income tax purposes for August 2010 (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, and before December 31, 2013, 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.

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# REV. RUL. 2010-19 TABLE 1 Applicable Federal Rates (AFR) for August 2010

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

53%

.53%

53%

.53%

110% AFR

.58%

.58%

.58%

.58%

120% AFR

.64%

.64%

.64%

.64%

130% AFR

.69%

.69%

.69%

.69%

Mid-term

AFR

2.18%

2.17%

2.16%

2.16%

110% AFR

2.40%

2.39%

2.38%

2.38%

120% AFR

2.62%

2.60%

2.59%

2.59%

130% AFR

2.84%

2.82%

2.81%

2.80%

150% AFR

3.29%

3.26%

3.25%

3.24%

175% AFR

3.84%

3.80%

3.78%

3.77%

Long-term

AFR

3.79%

3.75%

3.73%

3.72%

110% AFR

4.17%

4.13%

4.11%

4.09%

120% AFR

4.55%

4.50%

4.47%

4.46%

130% AFR

4.94%

4.88%

4.85%

4.83%

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## REV. RUL. 2010-19 TABLE 2 Adjusted AFR for August 2010

REV. RUL. 2010-19 TABLE 3 Rates Under Section 382 for August 2010

Period for Compounding Annual Semiannual Quarterly Monthly

Short-term adjusted AFR

.58%

.58%

.58%

.58%

Mid-term adjusted AFR

1.93%

1.92%

1.92%

1.91%

Long-term adjusted AFR

3.98%

3.94%

3.92%

3.91%

Adjusted federal long-term rate for the current month
3.98%

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.)
4.01%

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# REV. RUL. 2010-19 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for August 2010

Note: Under Section 42(b)(2), the applicable percentage for non-federally
subsidized new buildings placed in service after July 30, 2008, and before
December 31, 2013, shall not be less than 9%.

Appropriate percentage for the 70% present value low-income
housing credit
7.69%

Appropriate percentage for the 30% present value low-income
housing credit
3.30%

REV. RUL. 2010-19 TABLE 5
Rate Under Section 7520 for August 2010

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
2.6%