rr-22-08.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, 467, 468, 482, 483, 1288, 7520, 7872.)

Rev. Rul. 2022-8

This revenue ruling provides various prescribed rates for federal income tax
purposes for April 2022 (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
sect ion 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.

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REV. RUL. 2022-8 TABLE 1

Applicable Federal Rates (AFR) for April 2022

Period for Compounding
Annual Semiannual Quarterly Monthly

Short-term

AFR 1.26% 1.26% 1.26% 1.26%
110% AFR 1.39% 1.39% 1.39% 1.39%
120% AFR 1.52% 1.51% 1.51% 1.51%
130% AFR 1.65% 1.64% 1.64% 1.63%

Mid-term

AFR 1.87% 1.86% 1.86% 1.85%
110% AFR 2.06% 2.05% 2.04% 2.04%
120% AFR 2.24% 2.23% 2.22% 2.22%
130% AFR 2.43% 2.42% 2.41% 2.41%
150% AFR 2.81% 2.79% 2.78% 2.77%
175% AFR 3.29% 3.26% 3.25% 3.24%

Long-term

AFR 2.25% 2.24% 2.23% 2.23%
110% AFR 2.48% 2.46% 2.45% 2.45%
120% AFR 2.71% 2.69% 2.68% 2.68%
130% AFR 2.93% 2.91% 2.90% 2.89%

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REV. RUL. 2022-8 TABLE 2

Adjusted AFR for April 2022

Period for Compounding
Annual Semiannual Quarterly Monthly
Short-term
adjusted AFR 0.96% 0.96% 0.96% 0.96%

Mid-term
adjusted AFR 1.41% 1.41% 1.41% 1.41%

Long-term
adjusted AFR 1.71% 1.70% 1.70% 1.69%

REV. RUL. 2022-8 TABLE 3

Rates Under Section 382 for April 2022

Adjusted federal long-term rate for the current month 1.71%

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.) 1.71%

REV. RUL. 2022-8 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for April 2022
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 7.47%

Appropriate percentage for the 30% present value low-income
housing credit 3.20%

REV. RUL. 2022-8 TABLE 5

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Rate Under Section 7520 for April 2022

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 2.2%