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Internal Revenue Bulletin:  2017-6 

February 6, 2017 

Rev. Rul. 2017–4


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for February 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. 2017–4 TABLE 1
Applicable Federal Rates (AFR) for February 2017
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term
AFR 1.04% 1.04% 1.04% 1.04%
110% AFR 1.14% 1.14% 1.14% 1.14%
120% AFR 1.25% 1.25% 1.25% 1.25%
130% AFR 1.35% 1.35% 1.35% 1.35%
Mid-term
AFR 2.10% 2.09% 2.08% 2.08%
110% AFR 2.31% 2.30% 2.29% 2.29%
120% AFR 2.53% 2.51% 2.50% 2.50%
130% AFR 2.74% 2.72% 2.71% 2.70%
150% AFR 3.16% 3.14% 3.13% 3.12%
175% AFR 3.69% 3.66% 3.64% 3.63%
Long-term
AFR 2.81% 2.79% 2.78% 2.77%
110% AFR 3.09% 3.07% 3.06% 3.05%
120% AFR 3.38% 3.35% 3.34% 3.33%
130% AFR 3.66% 3.63% 3.61% 3.60%
REV. RUL. 2017–4 TABLE 2
Adjusted AFR for February 2017
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .77% .77% .77% .77%
Mid-term adjusted AFR 1.56% 1.55% 1.55% 1.55%
Long-term adjusted AFR 2.09% 2.08% 2.07% 2.07%
REV. RUL. 2017–4 TABLE 3
Rates Under Section 382 for February 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. 2017–4 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for February 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 7.56%
Appropriate percentage for the 30% present value low-income housing credit 3.24%
REV. RUL. 2017–4 TABLE 5
Rate Under Section 7520 for February 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%

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