rr-10-08.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, 412, 467, 468, 482, 483, 642, 807, 846, 1288, 7520,
7872.)

# Rev. Rul. 2010-8

This revenue ruling provides various prescribed rates for federal
income tax purposes for March 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. 2010-8 TABLE 1 Applicable Federal Rates (AFR) for March 2010

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

.64%

.64%

.64%

.64%

110% AFR

.70%

.70%

.70%

.70%

120% AFR

.77%

.77%

.77%

.77%

130% AFR

.83%

.83%

.83%

.83%

Mid-term

AFR

2.69%

2.67%

2.66%

2.66%

110% AFR

2.96%

2.94%

2.93%

2.92%

120% AFR

3.23%

3.20%

3.19%

3.18%

130% AFR

3.50%

3.47%

3.46%

3.45%

150% AFR

4.05%

4.01%

3.99%

3.98%

175% AFR

4.72%

4.67%

4.64%

4.63%

Long-term

AFR

4.35%

4.30%

4.28%

4.26%

110% AFR

4.79%

4.73%

4.70%

4.68%

120% AFR

5.23%

5.16%

5.13%

5.11%

130% AFR

5.67%

5.59%

5.55%

5.53%

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REV. RUL. 2010-8 TABLE 2 Adjusted AFR for March 2010

Period for Compounding Annual Semiannual Quarterly Monthly

Short-term adjusted AFR

.64%

.64%

.64%

.64%

Mid-term adjusted AFR

1.86%

1.85%

1.85%

1.84%

Long-term adjusted AFR

4.03%

3.99%

3.97%

3.96%

REV. RUL. 2010-8 TABLE 3
Rates Under Section 382 for March 2010

Adjusted federal long-term rate for the current month
4.03%

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.)
4.03%

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# REV. RUL. 2010-8 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for March 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
7.81%

Appropriate percentage for the 30% present value low-income
housing credit
3.35%

## REV. RUL. 2010-8 TABLE 5 Rate Under Section 7520 for March 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
3.2%