rr-10-15.pdf

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# 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. 2010-15

This revenue ruling provides various prescribed rates for federal
income tax purposes for June 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. 2010-15 TABLE 1 Applicable Federal Rates (AFR) for June 2010

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

.74%

.74%

.74%

.74%

110% AFR

.81%

.81%

.81%

.81%

120% AFR

.89%

.89%

.89%

.89%

130% AFR

.96%

.96%

.96%

96%

Mid-term

AFR

2.72%

2.70%

2.69%

2.68%

110% AFR

2.99%

2.97%

2.96%

2.95%

120% AFR

3.27%

3.24%

3.23%

3.22%

130% AFR

3.54%

3.51%

3.49%

3.48%

150% AFR

4.09%

4.05%

4.03%

4.02%

175% AFR

4.79%

4.73%

4.70%

4.68%

Long-term

AFR

4.30%

4.25%

4.23%

4.21%

110% AFR

4.73%

4.68%

4.65%

4.64%

120% AFR

5.17%

5.10%

5.07%

5.05%

130% AFR

5.61%

5.53%

5.49%

5.47%

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REV. RUL. 2010-15 TABLE 2 Adjusted AFR for June 2010

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

.76%

.76%

.76%

.76%

Mid-term adjusted AFR

2.08%

2.07%

2.06%

2.06%

Long-term adjusted AFR

4.01%

3.97%

3.95%

3.94%

REV. RUL. 2010-15 TABLE 3
Rates Under Section 382 for June 2010

Adjusted federal long-term rate for the current month
4.01%

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.)
4.01%

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# REV. RUL. 2010-15 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for June 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. 2010-15 TABLE 5 Rate Under Section 7520 for June 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%