rr-17-11.pdf

us-irs-revenue-rulings-rr-17-11rr-17-11.pdfGuidance

Preserve advance releases and the authoritative Internal Revenue Bulletin rendition; directory timestamps are file-publication metadata, not legal effective dates. HTML bulletins begin June 2003; earlier available issues require full PDF parsing.

This collection currently includes the publisher’s available advance-release directory. Historical bulletin renditions are discovered separately; an advance-release record alone does not certify the collection archive complete.

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

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

Rev. Rul. 2017-11

This revenue ruling provides various prescribed rates for federal
income tax purposes for May 2017 (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.

2
REV. RUL. 2017-11 TABLE 1

Applicable Federal Rates (AFR) for May 2017

Period for Compounding
Annual Semiannual Quarterly Monthly

Short-term

AFR 1.15% 1.15% 1.15% 1.15%
110% AFR 1.27% 1.27% 1.27% 1.27%
120% AFR 1.38% 1.38% 1.38% 1.38%
130% AFR 1.51% 1.50% 1.50% 1.50%

Mid-term

AFR 2.04% 2.03% 2.02% 2.02%
110% AFR 2.24% 2.23% 2.22% 2.22%
120% AFR 2.45% 2.44% 2.43% 2.43%
130% AFR 2.66% 2.64% 2.63% 2.63%
150% AFR 3.07% 3.05% 3.04% 3.03%
175% AFR 3.58% 3.55% 3.53% 3.52%

Long-term

AFR 2.75% 2.73% 2.72% 2.71%
110% AFR 3.02% 3.00% 2.99% 2.98%
120% AFR 3.31% 3.28% 3.27% 3.26%
130% AFR 3.58% 3.55% 3.53% 3.52%

3
REV. RUL. 2017-11 TABLE 2

Adjusted AFR for May 2017

Period for Compounding
Annual Semiannual Quarterly Monthly
Short-term
adjusted AFR .86% .86% .86% . 86%

Mid-term
adjusted AFR 1.52% 1.51% 1.51% 1.51%

Long-term
adjusted AFR 2.04% 2.03% 2.02% 2.02%

REV. RUL. 2017-11 TABLE 3

Rates Under Section 382 for May 2017

Adjusted federal long-term rate for the current month 2.04%

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.) 2.09%

4
REV. RUL. 2017-11 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for May 2017
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 7.55%

Appropriate percentage for the 30% present value low-income
housing credit 3.24%

REV. RUL. 2017-11 TABLE 5

Rate Under Section 7520 for May 2017

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 2.4%

Setzen Sie Ihre Recherche in ChatGPT oder Claude fort

Verbinden Sie Omnilex, um den Rechtskorpus über Ihren KI-Assistenten zu durchsuchen.