# Rev. Rul. 2017-11: Issued for Property (Also Sections 42, 280G, 382, 467, 468, 482, 483, 642, 1288, 7520, 7872.)

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URL: https://www.frixlaw.com/law-library/statutes/IRS_RR_2017_11

## Section

- **Citation:** Rev. Rul. 2017-11
- **Heading:** Issued for Property (Also Sections 42, 280G, 382, 467, 468, 482, 483, 642, 1288, 7520, 7872.)
- **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. 2017-11

## Text

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

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

Rev. Rul. 2017-11

This revenue ruling provides various prescribed rates for federal
income tax purposes for May 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.

2
REV. RUL
le
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.

2
REV. RUL. 2017-11 TABLE 1

Applicable Federal Rates (AFR) for May 2017

Period for Compounding

Annual
Semiannual
Quarterly
Monthly

Short-term

AFR
1.15%
1.15%
1.15%
1.15%
110% AFR
1.27%
1.27%
1.27% 1.27%
120% AFR
1.38% 1.38%
1.38% 1.38%
130% AFR
1.51%
1.50% 1.50% 1.50%

Mid-term

AFR
2.04%
2.03% 2.02% 2.02%
110% AFR
2.24% 2.23% 2.22% 2.22%
120% AFR
2.45%
2.44%
2.43%
2.43%
130% AFR
2.66%
2.64%
2.63%
2.63%
150% AFR
3.07%
3.05%
3.04%
3.03%
175% AFR
3.58%
3.55%
3.53%
3.52%

Long-term

AFR
2.75%
2.73%
2.72%
2.71%
110% AFR
3.02%
3.00%
2.99% 2.98%
120% AFR
3.31%
3.28%
3.27%
3.26%
130% AFR
3.58%
3.55%
3.53%
3.52%

3
REV. RUL
Long-term

AFR
2.75%
2.73%
2.72%
2.71%
110% AFR
3.02%
3.00%
2.99% 2.98%
120% AFR
3.31%
3.28%
3.27%
3.26%
130% AFR
3.58%
3.55%
3.53%
3.52%

3
REV. RUL. 2017-11 TABLE 2

Adjusted AFR for May 2017

Period for Compounding

Annual
Semiannual
Quarterly
Monthly
Short-term
adjusted AFR
.86%
.86%
.86%
.86%

Mid-term
adjusted AFR 1.52%
1.51% 1.51% 1.51%

Long-term
adjusted AFR
2.04%
2.03%
2.02%
2.02%

REV. RUL. 2017-11 TABLE 3

Rates Under Section 382 for May 2017

Adjusted federal long-term rate for the current month

2.04%

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%

4
REV. RUL. 2017-11 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for May 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

7.55%

Appropriate percentage for the 30% present value low-income
housing credit

3.24%

REV. RUL. 2017-11 TABLE 5

Rate Under Section 7520 for May 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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- [Rev. Rul. 2017-12 Issued for Property (Also Sections 42, 280G, 382, 467, 468, 482, 483, 642, 1288, 7520, 7872.)](https://www.frixlaw.com/law-library/statutes/IRS_RR_2017_12.md)
- [Rev. Rul. 2017-13 Section 6621.--Determination of Rate of Interest 26 CFR 301.6621-1: Interest rate](https://www.frixlaw.com/law-library/statutes/IRS_RR_2017_13.md)
- [Rev. Rul. 2017-14 Issued for Property (Also Sections 42, 280G, 382, 467, 468, 482, 483, 642, 1288, 7520, 7872.)](https://www.frixlaw.com/law-library/statutes/IRS_RR_2017_14.md)
- [Rev. Rul. 2017-15 Issued for Property (Also Sections 42, 280G, 382, 467, 468, 482, 483, 1288, 7520.)](https://www.frixlaw.com/law-library/statutes/IRS_RR_2017_15.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/IRS_RR_2017_11. Check the current official text before relying on it. Not legal advice.