# Rev. Rul. 2017-1: 2016 Base Period T-Bill Rate. The “base period T-bill rate” for the period ending September 30, 2016, is published as required by section 995(f) of the Internal Revenue Code > Federal · IRS revenue rulings · In force URL: https://www.frixlaw.com/law-library/statutes/IRS_RR_2017_1 ## Section - **Citation:** Rev. Rul. 2017-1 - **Heading:** 2016 Base Period T-Bill Rate. The “base period T-bill rate” for the period ending September 30, 2016, is published as required by section 995(f) of the Internal Revenue Code - **Jurisdiction:** Federal - **Kind:** IRS revenue rulings - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Internal Revenue Bulletin / IRB 2017 / Revenue Ruling / Rev. Rul. 2017-1 ## Text Section 995.—Taxation of DISC Income to Shareholders 2016 Base Period T-Bill Rate. The “base period T-bill rate” for the period ending September 30, 2016, is published as required by section 995(f) of the Internal Revenue Code. Rev. Rul. 2017-01 Section 995(f)(1) of the Internal Revenue Code provides that a shareholder of a domestic international sales corporation (“DISC”) shall pay interest each taxable year in an amount equal to the product of the “shareholder’s DISC-related deferred tax liability” for the year (as defined in section 995(f)(2)) and the “base period T-bill rate.” Under section 995(f)(4), the base period T-bill rate is the annual rate of interest determined by the Secretary to be equivalent to the average of the 1-year constant maturity Treasury yields, as published by the Board of Governors of the Federal Reserve System, for the 1-year period ending on September 30 of the calendar year ending with (or the most recent calendar year ending before) the close of the taxable year of the shareholder. The base period T-bill rate for the period ending September 30, 2016, is 0.54 percent. Pursuant to section 6622 of the Internal Revenue Code, interest must be compounded daily. The table below provides factors for compounding the 2016 base period T-bill rate daily for any number of days in the shareholder’s taxable year (including for a 52-53 week accounting period). To compute the amount of the interest charge for the shareholder’s taxable year, multiply the amount of the shareholder’s DISC-related deferred tax liability for that year by the base period T-bill rate factor corresponding to the number of days in the shareholder’s taxable year for which the interest charge is being computed. Generally, one would use the factor for 365 days unting period). To compute the amount of the interest charge for the shareholder’s taxable year, multiply the amount of the shareholder’s DISC-related deferred tax liability for that year by the base period T-bill rate factor corresponding to the number of days in the shareholder’s taxable year for which the interest charge is being computed. Generally, one would use the factor for 365 days. One would use a different factor only if the shareholder’s taxable year for which the interest charge is being determined is a short taxable year, if the shareholder uses a 52-53 week taxable year, or if the shareholder’s taxable year is a leap year. For the base period T-bill rates for periods ending in prior years, see Rev. Rul. 2015-26, 2015-49 IRB 696; Rev. Rul. 2014-33, 2014-52 IRB 957; Rev. Rul. 2013-24, 2013-49 IRB 594; Rev. Rul. 2012-22, 2012-48 IRB 565; and Rev. Rul. 2011-30, 2011-49 IRB 826. DRAFTING INFORMATION The principal author of this revenue ruling is Matthew A. Nieters of the Office of Associate Chief Counsel (International). For further information regarding the revenue ruling, contact Mr. Nieters at (202) 317-6939 (not a toll-free number). ANNUAL RATE, COMPOUNDED DAILY 0.54 PERCENT DAYS FACTOR__ 1 .000014754 2 .000029508 3 .000044263 4 .000059018 5 .000073773 6 .000088528 7 .000103283 8 .000118039 9 .000132795 10 .000147551 11 .000162307 12 .000177064 13 .000191820 14 .000206577 15 .000221334 16 .000236092 17 .000250849 18 .000265607 19 .000280365 20 .000295123 .000147551 11 .000162307 12 .000177064 13 .000191820 14 .000206577 15 .000221334 16 .000236092 17 .000250849 18 .000265607 19 .000280365 20 .000295123 21 .000309882 22 .000324640 23 .000339399 24 .000354158 25 .000368918 26 .000383677 27 .000398437 28 .000413197 29 .000427957 30 .000442718 31 .000457478 32 .000472239 33 .000487000 34 .000501761 35 .000516523 36 .000531285 37 .000546047 38 .000560809 39 .000575571 40 .000590334 41 .000605097 42 .000619860 43 .000634623 44 .000649386 45 .000664150 46 .000678914 47 .000693678 ANNUAL RATE, COMPOUNDED DAILY 0.54 PERCENT DAYS FACTOR__ 48 .000708442 49 .000723207 50 .000737972 51 .000752737 52 .000767502 53 .000782267 54 .000797033 55 .000811799 56 .000826565 57 .000841331 58 .000856098 59 .000870864 60 .000885631 61 .000900398 6 .000752737 52 .000767502 53 .000782267 54 .000797033 55 .000811799 56 .000826565 57 .000841331 58 .000856098 59 .000870864 60 .000885631 61 .000900398 62 .000915166 63 .000929933 64 .000944701 65 .000959469 66 .000974238 67 .000989006 68 .001003775 69 .001018544 70 .001033313 71 .001048082 72 .001062852 73 .001077621 74 .001092391 75 .001107162 76 .001121932 77 .001136703 78 .001151474 79 .001166245 80 .001181016 81 .001195788 82 .001210559 83 .001225331 84 .001240103 85 .001254876 86 .001269648 87 .001284421 88 .001299194 89 .001313968 90 .001328741 91 .001343515 92 .001358289 93 .001373063 94 .001387837 ANNUAL RATE, COMPOUNDED DAILY 0.54 PERCENT DAYS FACTOR__ 95 .001402612 96 .001417387 97 .001432162 98 .001446937 99 .001461712 100 .001476488 101 .001491264 102 .001506040 103 0.54 PERCENT DAYS FACTOR__ 95 .001402612 96 .001417387 97 .001432162 98 .001446937 99 .001461712 100 .001476488 101 .001491264 102 .001506040 103 .001520816 104 .001535593 105 .001550369 106 .001565146 107 .001579924 108 .001594701 109 .001609479 110 .001624257 111 .001639035 112 .001653813 113 .001668591 114 .001683370 115 .001698149 116 .001712928 117 .001727708 118 .001742487 119 .001757267 120 .001772047 121 .001786827 122 .001801608 123 .001816388 124 .001831169 125 .001845950 126 .001860732 127 .001875513 128 .001890295 129 .001905077 130 .001919859 131 .001934642 132 .001949424 133 .001964207 134 .001978990 135 .001993774 136 .002008557 137 .002023341 138 .002038125 139 .002052909 140 .002067693 ANNUAL RATE, COMPOUNDED DAILY 0.54 PERCENT DAYS FACTOR__ 141 .002082478 142 .002097263 143 .002112048 144 .0021 137 .002023341 138 .002038125 139 .002052909 140 .002067693 ANNUAL RATE, COMPOUNDED DAILY 0.54 PERCENT DAYS FACTOR__ 141 .002082478 142 .002097263 143 .002112048 144 .002126833 145 .002141618 146 .002156404 147 .002171190 148 .002185976 149 .002200763 150 .002215549 151 .002230336 152 .002245123 153 .002259910 154 .002274698 155 .002289485 156 .002304273 157 .002319061 158 .002333850 159 .002348638 160 .002363427 161 .002378216 162 .002393005 163 .002407794 164 .002422584 165 .002437374 166 .002452164 167 .002466954 168 .002481745 169 .002496535 170 .002511326 171 .002526117 172 .002540909 173 .002555700 174 .002570492 175 .002585284 176 .002600077 177 .002614869 178 .002629662 179 .002644455 180 .002659248 181 .002674041 182 .002688835 183 .002703628 184 .002718422 185 .002733217 186 .002748011 187 .002762806 ANNUAL RATE, COMPOUNDED DAILY 178 .002629662 179 .002644455 180 .002659248 181 .002674041 182 .002688835 183 .002703628 184 .002718422 185 .002733217 186 .002748011 187 .002762806 ANNUAL RATE, COMPOUNDED DAILY 0.54 PERCENT DAYS FACTOR__ 188 .002777600 189 .002792396 190 .002807191 191 .002821986 192 .002836782 193 .002851578 194 .002866374 195 .002881171 196 .002895967 197 .002910764 198 .002925561 199 .002940358 200 .002955156 201 .002969953 202 .002984751 203 .002999550 204 .003014348 205 .003029146 206 .003043945 207 .003058744 208 .003073543 209 .003088343 210 .003103143 211 .003117942 212 .003132743 213 .003147543 214 .003162343 215 .003177144 216 .003191945 217 .003206746 218 .003221548 219 .003236349 220 .003251151 221 .003265953 222 .003280756 223 .003295558 224 .003310361 225 .003325164 226 .003339967 227 .003354770 228 .003369574 229 .003384378 9 .003236349 220 .003251151 221 .003265953 222 .003280756 223 .003295558 224 .003310361 225 .003325164 226 .003339967 227 .003354770 228 .003369574 229 .003384378 230 .003399182 231 .003413986 232 .003428790 233 .003443595 234 .003458400 ANNUAL RATE, COMPOUNDED DAILY 0.54 PERCENT DAYS FACTOR__ 235 .003473205 236 .003488011 237 .003502816 238 .003517622 239 .003532428 240 .003547234 241 .003562041 242 .003576847 243 .003591654 244 .003606461 245 .003621268 246 .003636076 247 .003650884 248 .003665692 249 .003680500 250 .003695308 251 .003710117 252 .003724926 253 .003739735 254 .003754544 255 .003769354 256 .003784163 257 .003798973 258 .003813783 259 .003828594 260 .003843404 261 .003858215 262 .003873026 263 .003887837 264 .003902649 265 .003917460 266 .003932272 267 .003947085 268 .003961897 269 .003976709 270 .003991522 .003843404 261 .003858215 262 .003873026 263 .003887837 264 .003902649 265 .003917460 266 .003932272 267 .003947085 268 .003961897 269 .003976709 270 .003991522 271 .004006335 272 .004021148 273 .004035962 274 .004050775 275 .004065589 276 .004080403 277 .004095218 278 .004110032 279 .004124847 280 .004139662 ANNUAL RATE, COMPOUNDED DAILY 0.54 PERCENT DAYS FACTOR__ 281 .004154477 282 .004169292 283 .004184108 284 .004198924 285 .004213740 286 .004228556 287 .004243373 288 .004258189 289 .004273006 290 .004287823 291 .004302641 292 .004317458 293 .004332276 294 .004347094 295 .004361912 296 .004376731 297 .004391550 298 .004406368 299 .004421188 300 .004436007 301 .004450826 302 .004465646 303 .004480466 304 .004495286 305 .004510107 306 .004524927 307 .004539748 308 .004554569 309 .004569391 310 .004584212 311 .004599034 312 4450826 302 .004465646 303 .004480466 304 .004495286 305 .004510107 306 .004524927 307 .004539748 308 .004554569 309 .004569391 310 .004584212 311 .004599034 312 .004613856 313 .004628678 314 .004643500 315 .004658323 316 .004673146 317 .004687969 318 .004702792 319 .004717616 320 .004732439 321 .004747263 322 .004762087 323 .004776912 324 .004791736 325 .004806561 326 .004821386 327 .004836211 ANNUAL RATE, COMPOUNDED DAILY 0.54 PERCENT DAYS FACTOR__ 328 .004851037 329 .004865863 330 .004880688 331 .004895515 332 .004910341 333 .004925167 334 .004939994 335 .004954821 336 .004969648 337 .004984476 338 .004999303 339 .005014131 340 .005028959 341 .005043788 342 .005058616 343 .005073445 344 .005088274 345 .005103103 346 .005117932 347 .005132762 348 .005147592 349 .005162422 350 .005177252 351 .005192083 352 .005206913 353 343 .005073445 344 .005088274 345 .005103103 346 .005117932 347 .005132762 348 .005147592 349 .005162422 350 .005177252 351 .005192083 352 .005206913 353 .005221744 354 .005236575 355 .005251407 356 .005266238 357 .005281070 358 .005295902 359 .005310734 360 .005325567 361 .005340400 362 .005355232 363 .005370066 364 .005384899 365 .005399732 366 .005414566 367 .005429400 368 .005444234 369 .005459069 370 .005473903 371 .005488738 ## Nearby sections - [Rev. 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