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Rev. Rul. 2011-13


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for June 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. 2011-13 TABLE 1
Applicable Federal Rates (AFR) for June 2011
Period for Compounding
Annual Semiannual Quarterly Monthly
Short-term
AFR .46% .46% .46% .46%
110% AFR .51% .51% .51% .51%
120% AFR .55% .55% .55% .55%
130% AFR .60% .60% .60% .60%
Mid-term
AFR 2.27% 2.26% 2.25% 2.25%
110% AFR 2.51% 2.49% 2.48% 2.48%
120% AFR 2.73% 2.71% 2.70% 2.69%
130% AFR 2.96% 2.94% 2.93% 2.92%
150% AFR 3.42% 3.39% 3.38% 3.37%
175% AFR 4.00% 3.96% 3.94% 3.93%
Long-term
AFR 4.05% 4.01% 3.99% 3.98%
110% AFR 4.46% 4.41% 4.39% 4.37%
120% AFR 4.87% 4.81% 4.78% 4.76%
130% AFR 5.28% 5.21% 5.18% 5.15%
REV. RUL. 2011-13 TABLE 2
Adjusted AFR for June 2011
Period for Compounding
Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .70% .70% .70% .70%
Mid-term adjusted AFR 1.83% 1.82% 1.82% 1.81%
Long-term adjusted AFR 4.17% 4.13% 4.11% 4.09%
REV. RUL. 2011-13 TABLE 3
Rates Under Section 382 for June 2011
Adjusted federal long-term rate for the current month 4.17%
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.) 4.30%
REV. RUL. 2011-13 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for June 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 7.73%
Appropriate percentage for the 30% present value low-income housing credit 3.31%
REV. RUL. 2011-13 TABLE 5
Rate Under Section 7520 for June 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 2.8%