rr-12-09.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. 2012-9

This revenue ruling provides various prescribed rates for federal
income tax purposes for March 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.

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# REV. RUL. 2012-9 TABLE 1 Applicable Federal Rates (AFR) for March 2012

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

.19%

19%

19%

.19%

110% AFR

.21%

.21%

.21%

.21%

120% AFR

.23%

.23%

.23%

.23%

130% AFR

.25%

.25%

.25%

.25%

Mid-term

AFR

1.08%

1.08%

1.08%

1.08%

110% AFR

1.19%

1.19%

1.19%

1.19%

120% AFR

1.30%

1.30%

1.30%

1.30%

130% AFR

1.40%

1.40%

1.40%

1.40%

150% AFR

1.63%

1.62%

1.62%

1.61%

175% AFR

1.90%

1.89%

1.89%

1.88%

Long-term

AFR

2.65%

2.63%

2.62%

2.62%

110% AFR

2.91%

2.89%

2.88%

2.87%

120% AFR

3.18%

3.16%

3.15%

3.14%

130% AFR

3.45%

3.42%

3.41%

3.40%

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REV. RUL. 2012-9 TABLE 2 Adjusted AFR for March 2012

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

.26%

.26%

.26%

.26%

Mid-term adjusted AFR

1.05%

1.05%

1.05%

1.05%

Long-term adjusted AFR

3.47%

2.95%

2.94%

2.93%

REV. RUL. 2012-9 TABLE 3
Rates Under Section 382 for March 2012

Adjusted federal long-term rate for the current month

2.97%

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.)
3.55%

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# REV. RUL. 2012-9 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for March 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

7.43%

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

3.18%

## REV. RUL. 2012-9 TABLE 5 Rate Under Section 7520 for March 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
1.4%