rr-99-17.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.

# Part I

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. 99-17

This revenue ruling provides various prescribed rates for
federal income tax purposes for April 1999 (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) (2) for buildings placed in service
during the current month. 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. 99-17 TABLE 1 Applicable Federal Rates (AFR) for April 1999 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-Term

AFR

4.99%

4.93%

4.90%

4.88%

110% AFR

5.49%

5.42%

5.38%

5.36%

120% AFR

6.01%

5.92%

5.88%

5.85%

130% AFR

6.51%

6.41%

6.36%

6.33%

Mid-Term

AFR

5.28%

5.21%

5.18%

5.15%

110% AFR

5.81%

5.73%

5.69%

5.66%

120% AFR

6.35%

6.25%

6.20%

6.17%

130% AFR

6.88%

6.77%

6.71%

6.68%

150% AFR

7.97%

7.82%

7.75%

7.70%

175% AFR

9.33%

9.12%

9.02%

8.95%

Long-Term

AFR

5.67%

5.59%

5.55%

5.53%

110% AFR

6.24%

6.15%

6.10%

6.07%

120% AFR

6.82%

6.71%

6.65%

6.62%

130% AFR

7.40%

7.27%

7.21%

7.16%

REV. RUL. 99-17 TABLE 2 Adjusted AFR for April 1999 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

3.18%

3.16%

3.15%

3.14%

Mid-term adjusted AFR

3.82%

3.78%

3.76%

3.75%

Long-term adjusted AFR

4.78%

4.72%

4.69%

4.67%

<!-- PageBreak -->

# REV. RUL. 99-17 TABLE 3

Rates Under Section 382 for April 1999
Adjusted federal long-term rate for the current month
4.78%

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. )
4.78%

## REV. RUL. 99-17 TABLE 4

Appropriate Percentages Under Section 42 (b) (2)
for April 1999

REV. RUL. 99-17 TABLE 5

Appropriate percentage for the 70% present

value low-income housing credit

8.28%

Appropriate percentage for the 30% present

value low-income housing credit

3.55%

Rate Under Section 7520 for April 1999

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
6.4%