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Rev. Rul. 2017–12


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for June 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. 2017–12 TABLE 1
Applicable Federal Rates (AFR) for June 2017
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term
AFR 1.18% 1.18% 1.18% 1.18%
110% AFR 1.30% 1.30% 1.30% 1.30%
120% AFR 1.43% 1.42% 1.42% 1.42%
130% AFR 1.54% 1.53% 1.53% 1.53%
Mid-term
AFR 1.96% 1.95% 1.95% 1.94%
110% AFR 2.16% 2.15% 2.14% 2.14%
120% AFR 2.35% 2.34% 2.33% 2.33%
130% AFR 2.56% 2.54% 2.53% 2.53%
150% AFR 2.95% 2.93% 2.92% 2.91%
175% AFR 3.44% 3.41% 3.40% 3.39%
Long-term
AFR 2.68% 2.66% 2.65% 2.65%
110% AFR 2.95% 2.93% 2.92% 2.91%
120% AFR 3.22% 3.19% 3.18% 3.17%
130% AFR 3.49% 3.46% 3.45% 3.44%
REV. RUL. 2017–12 TABLE 2
Adjusted AFR for June 2017
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .88% .88% .88% .88%
Mid-term adjusted AFR 1.46% 1.45% 1.45% 1.45%
Long-term adjusted AFR 1.99% 1.98% 1.98% 1.97%
REV. RUL. 2017–12 TABLE 3
Rates Under Section 382 for June 2017
Adjusted federal long-term rate for the current month 1.99%
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. 2017–12 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for June 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 7.53%
Appropriate percentage for the 30% present value low-income housing credit 3.23%
REV. RUL. 2017–12 TABLE 5
Rate Under Section 7520 for June 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 2.4%