rr-09-33.pdf

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Section 1274 .-- Determination of Issue Price in the Case of Certain Debt Instruments
Issued for Property

(Also Sections 42, 280G, 382, 412, 467, 468, 482, 483, 642, 807, 846, 1288, 7520,
7872.)

# Rev. Rul. 2009-33

This revenue ruling provides various prescribed rates for federal
income tax purposes for October 2009 (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 October 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.

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REV. RUL. 2009-33 TABLE 1 Applicable Federal Rates (AFR) for October 2009

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

.75%

.75%

.75%

.75%

110% AFR

.83%

.83%

.83%

.83%

120% AFR

90%

90%

.90%

.90%

130% AFR

.98%

98%

98%

.98%

Mid-term

AFR

2.66%

2.64%

2.63%

2.63%

110% AFR

2.92%

2.90%

2.89%

2.88%

120% AFR

3.20%

3.17%

3.16%

3.15%

130% AFR

3.46%

3.43%

3.42%

3.41%

150% AFR

4.00%

3.96%

3.94%

3.93%

175% AFR

4.67%

4.62%

4.59%

4.58%

Long-term

AFR

4.10%

4.06%

4.04%

4.03%

110% AFR

4.52%

4.47%

4.45%

4.43%

120% AFR

4.93%

4.87%

4.84%

4.82%

130% AFR

5.35%

5.28%

5.25%

5.22%

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REV. RUL. 2009-33 TABLE 2 Adjusted AFR for October 2009

Period for Compounding Annual Semiannual Quarterly Monthly

Short-term adjusted AFR

82%

.82%

.82%

82%

Mid-term adjusted AFR

2.04%

2.03%

2.02%

2.02%

Long-term adjusted AFR

4.16%

4.12%

4.10%

4.09%

REV. RUL. 2009-33 TABLE 3
Rates Under Section 382 for October 2009

Adjusted federal long-term rate for the current month
4.16%

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.)
4.48%

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# REV. RUL. 2009-33 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for October 2009

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. 2009-33 TABLE 5
Rate Under Section 7520 for October 2009

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
3.2%