sign in
Forgot your password?
Want more? Register today for a trial. 7-day trial

Rev. Rul. 2017–08


Table of Contents

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.

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