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Rev. Rul. 2017–15


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for August 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. 2017–15 TABLE 1
Applicable Federal Rates (AFR) for August 2017
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term
AFR 1.29% 1.29% 1.29% 1.29%
110% AFR 1.43% 1.42% 1.42% 1.42%
120% AFR 1.56% 1.55% 1.55% 1.55%
130% AFR 1.69% 1.68% 1.68% 1.67%
Mid-term
AFR 1.95% 1.94% 1.94% 1.93%
110% AFR 2.14% 2.13% 2.12% 2.12%
120% AFR 2.34% 2.33% 2.32% 2.32%
130% AFR 2.54% 2.52% 2.51% 2.51%
150% AFR 2.93% 2.91% 2.90% 2.89%
175% AFR 3.43% 3.40% 3.39% 3.38%
Long-term
AFR 2.58% 2.56% 2.55% 2.55%
110% AFR 2.84% 2.82% 2.81% 2.80%
120% AFR 3.09% 3.07% 3.06% 3.05%
130% AFR 3.36% 3.33% 3.32% 3.31%
REV. RUL. 2017–15 TABLE 2
Adjusted AFR for August 2017
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .96% .96% .96% .96%
Mid-term adjusted AFR 1.45% 1.44% 1.44% 1.44%
Long-term adjusted AFR 1.91% 1.90% 1.90% 1.89%
REV. RUL. 2017–15 TABLE 3
Rates Under Section 382 for August 2017
Adjusted federal long-term rate for the current month 1.91%
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.) 1.99%
REV. RUL. 2017–15 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for August 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 7.52%
Appropriate percentage for the 30% present value low-income housing credit 3.22%
REV. RUL. 2017–15 TABLE 5
Rate Under Section 7520 for August 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%