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Internal Revenue Bulletin:  2017-10 

March 6, 2017 

Rev. Rul. 2017–07


Table of Contents

This revenue ruling provides various prescribed rates for federal income tax purposes for March 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. 2017–07 TABLE 1
Applicable Federal Rates (AFR) for March 2017
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term
AFR 1.01% 1.01% 1.01% 1.01%
110% AFR 1.11% 1.11% 1.11% 1.11%
120% AFR 1.21% 1.21% 1.21% 1.21%
130% AFR 1.31% 1.31% 1.31% 1.31%
Mid-term
AFR 2.05% 2.04% 2.03% 2.03%
110% AFR 2.25% 2.24% 2.23% 2.23%
120% AFR 2.47% 2.45% 2.44% 2.44%
130% AFR 2.67% 2.65% 2.64% 2.64%
150% AFR 3.08% 3.06% 3.05% 3.04%
175% AFR 3.60% 3.57% 3.55% 3.54%
Long-term
AFR 2.78% 2.76% 2.75% 2.74%
110% AFR 3.06% 3.04% 3.03% 3.02%
120% AFR 3.34% 3.31% 3.30% 3.29%
130% AFR 3.62% 3.59% 3.57% 3.56%
REV. RUL. 2017–07 TABLE 2
Adjusted AFR for March 2017
Period for Compounding
  Annual Semiannual Quarterly Monthly
Short-term adjusted AFR .75% .75% .75% .75%
Mid-term adjusted AFR 1.53% 1.52% 1.52% 1.52%
Long-term adjusted AFR 2.06% 2.05% 2.04% 2.04%
REV. RUL. 2017–07 TABLE 3
Rates Under Section 382 for March 2017
Adjusted federal long-term rate for the current month 2.06%
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. 2017–07 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for March 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. 2017–07 TABLE 5
Rate Under Section 7520 for March 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%

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