RR-12-30.pdf

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, 412, 467, 468, 482, 483, 642, 807, 846, 1288, 7520,
7872.)

# Rev. Rul. 2012-30

This revenue ruling provides various prescribed rates for federal
income tax purposes for November 2012 (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.

<!-- PageBreak -->

# REV. RUL. 2012-30 TABLE 1 Applicable Federal Rates (AFR) for November 2012

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

.22%

.22%

.22%

.22%

110% AFR

.24%

.24%

.24%

.24%

120% AFR

.26%

.26%

.26%

.26%

130% AFR

.29%

.29%

.29%

.29%

Mid-term

AFR

.89%

.89%

.89%

.89%

110% AFR

.98%

.98%

.98%

.98%

120% AFR

1.07%

1.07%

1.07%

1.07%

130% AFR

1.16%

1.16%

1.16%

1.16%

150% AFR

1.34%

1.34%

1.34%

1.34%

175% AFR

1.57%

1.56%

1.56%

1.55%

Long-term

AFR

2.40%

2.39%

2.38%

2.38%

110% AFR

2.65%

2.63%

2.62%

2.62%

120% AFR

2.89%

2.87%

2.86%

2.85%

130% AFR

3.13%

3.11%

3.10%

3.09%

<!-- PageBreak -->

REV. RUL. 2012-30 TABLE 2 Adjusted AFR for November 2012

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

.24%

.24%

.24%

.24%

Mid-term adjusted AFR

.98%

.98%

.98%

.98%

Long-term adjusted AFR

2.84%

2.82%

2.81%

2.80%

REV. RUL. 2012-30 TABLE 3
Rates Under Section 382 for November 2012

Adjusted federal long-term rate for the current month
2.84%

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.)

2.87%

<!-- PageBreak -->

## REV. RUL. 2012-30 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for November 2012

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
7.38%

Appropriate percentage for the 30% present value low-income
housing credit
3.16%

## REV. RUL. 2012-30 TABLE 5 Rate Under Section 7520 for November 2012

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
1.0%