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Rev. Rul. 2011-6


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for March 2011 (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.

REV. RUL. 2011-6 TABLE 1
Applicable Federal Rates (AFR) for March 2011
Period for Compounding
Annual Semiannual Quarterly Monthly
Short-term
AFR .54% .54% .54% .54%
110% AFR .59% .59% .59% .59%
120% AFR .65% .65% .65% .65%
130% AFR .70% .70% .70% .70%
Mid-term
AFR 2.44% 2.43% 2.42% 2.42%
110% AFR 2.69% 2.67% 2.66% 2.66%
120% AFR 2.94% 2.92% 2.91% 2.90%
130% AFR 3.18% 3.16% 3.15% 3.14%
150% AFR 3.68% 3.65% 3.63% 3.62%
175% AFR 4.30% 4.25% 4.23% 4.21%
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%
REV. RUL. 2011-6 TABLE 2
Adjusted AFR for March 2011
Period for Compounding
Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .77% .77% .77% .77%
Mid-term adjusted AFR 2.18% 2.17% 2.16% 2.16%
Long-term adjusted AFR 4.55% 4.50% 4.47% 4.46%
REV. RUL. 2011-6 TABLE 3
Rates Under Section 382 for March 2011
Adjusted federal long-term rate for the current month 4.55%
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.) 4.55%
REV. RUL. 2011-6 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for March 2011
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 7.78%
Appropriate percentage for the 30% present value low-income housing credit 3.33%
REV. RUL. 2011-6 TABLE 5
Rate Under Section 7520 for March 2011
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 3.0%