rr-10-06.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. 2010-6

This revenue ruling provides various prescribed rates for federal
income tax purposes for February 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. 2010-6 TABLE 1 Applicable Federal Rates (AFR) for February 2010

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

.72%

.72%

.72%

.72%

110% AFR

.79%

.79%

.79%

.79%

120% AFR

.86%

.86%

.86%

.86%

130% AFR

.94%

.94%

94%

.94%

Mid-term

AFR

2.82%

2.80%

2.79%

2.78%

110% AFR

3.10%

3.08%

3.07%

3.06%

120% AFR

3.39%

3.36%

3.35%

3.34%

130% AFR

3.67%

3.64%

3.62%

3.61%

150% AFR

4.24%

4.20%

4.18%

4.16%

175% AFR

4.96%

4.90%

4.87%

4.85%

Long-term

AFR

4.44%

4.39%

4.37%

4.35%

110% AFR

4.89%

4.83%

4.80%

4.78%

120% AFR

5.34%

5.27%

5.24%

5.21%

130% AFR

5.79%

5.71%

5.67%

5.64%

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## REV. RUL. 2010-6 TABLE 2 Adjusted AFR for February 2010

REV. RUL. 2010-6 TABLE 3 Rates Under Section 382 for February 2010

Period for Compounding Annual Semiannual Quarterly Monthly

Short-term adjusted AFR

.54%

.54%

.54%

.54%

Mid-term adjusted AFR

1.84%

1.83%

1.83%

1.82%

Long-term adjusted AFR

4.02%

3.98%

3.96%

3.95%

Adjusted federal long-term rate for the current month
4.02%

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.)

4.14%

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## REV. RUL. 2010-6 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for February 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
7.84%

Appropriate percentage for the 30% present value low-income
housing credit
3.36%

## REV. RUL. 2010-6 TABLE 5 Rate Under Section 7520 for February 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
3.4%