rr-10-11.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. 2010-11

This revenue ruling provides various prescribed rates for federal
income tax purposes for April 2010 (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.

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# REV. RUL. 2010-11 TABLE 1 Applicable Federal Rates (AFR) for April 2010

Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

.67%

.67%

.67%

.67%

110% AFR

.74%

.74%

.74%

.74%

120% AFR

.80%

.80%

.80%

.80%

130% AFR

.87%

.87%

.87%

.87%

Mid-term

AFR

2.70%

2.68%

2.67%

2.67%

110% AFR

2.97%

2.95%

2.94%

2.93%

120% AFR

3.25%

3.22%

3.21%

3.20%

130% AFR

3.51%

3.48%

3.46%

3.46%

150% AFR

4.06%

4.02%

4.00%

3.99%

175% AFR

4.74%

4.69%

4.66%

4.64%

Long-term

AFR

4.40%

4.35%

4.33%

4.31%

110% AFR

4.85%

4.79%

4.76%

4.74%

120% AFR

5.29%

5.22%

5.19%

5.16%

130% AFR

5.74%

5.66%

5.62%

5.59%

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REV. RUL. 2010-11 TABLE 2 Adjusted AFR for April 2010

Period for Compounding Annual Semiannual Quarterly Monthly

Short-term adjusted AFR

.53%

.53%

53%

.53%

Mid-term adjusted AFR

1.68%

1.67%

1.67%

1.66%

Long-term adjusted AFR

3.95%

3.91%

3.89%

3.88%

REV. RUL. 2010-11 TABLE 3
Rates Under Section 382 for April 2010

Adjusted federal long-term rate for the current month
3.95%

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.)
4.03%

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# REV. RUL. 2010-11 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for April 2010

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%.

REV. RUL. 2010-11 TABLE 5 Rate Under Section 7520 for April 2010

Appropriate percentage for the 70% present value low-income housing credit

7.82%

Appropriate percentage for the 30% present value low-income

housing credit

3.35%

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%