rr-17-08.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, 642, 1288, 7520, 7872.)

Rev. Rul. 2017-08

This revenue ruling provides various prescribed rates for federal
income tax purposes for April 2017 (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, 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. 2017-08 TABLE 1 Applicable Federal Rates (AFR) for April 2017

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

1.11%

1.11%

1.11%

1.11%

110% AFR

1.22%

1.22%

1.22%

1.22%

120% AFR

1.33%

1.33%

1.33%

1.33%

130% AFR

1.45%

1.44%

1.44%

1.44%

Mid-term

AFR

2.12%

2.11%

2.10%

2.10%

110% AFR

2.33%

2.32%

2.31%

2.31%

120% AFR

2.55%

2.53%

2.52%

2.52%

130% AFR

2.76%

2.74%

2.73%

2.72%

150% AFR

3.20%

3.17%

3.16%

3.15%

175% AFR

3.72%

3.69%

3.67%

3.66%

Long-term

AFR

2.82%

2.80%

2.79%

2.78%

110% AFR

3.10%

3.08%

3.07%

3.06%

120% AFR

3.39%

3.36%

3.35%

3.34%

130% AFR

3.67%

3.64%

3.62%

3.61%

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REV. RUL. 2017-08 TABLE 2 Adjusted AFR for April 2017

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

.83%

.83%

.83%

.83%

Mid-term adjusted AFR

1.58%

1.57%

1.57%

1.56%

Long-term adjusted AFR

2.09%

2.08%

2.07%

2.07%

REV. RUL. 2017-08 TABLE 3
Rates Under Section 382 for April 2017

Adjusted federal long-term rate for the current month
2.09%

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.)

2.09%

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## REV. RUL. 2017-08 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for April 2017
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%.

REV. RUL. 2017-08 TABLE 5 Rate Under Section 7520 for April 2017

Appropriate percentage for the 70% present value low-income housing credit

7.57%

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

3.24%

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
2.6%