Rev. Rul. 2022-4

This revenue ruling provides various prescribed rates for federal income tax

purposes for March 2022 (the current month). Table 1 contains the shortterm, 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 appropri

ate 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. 2022-4 TABLE 1 Applicable Federal Rates (AFR) for March 2022

Period for Compounding Annual Semiannual Quarterly Monthly Short-term AFR 0.97% 0.97% 0.97% 0.97% 110% AFR 1.07% 1.07% 1.07% 1.07% 120% AFR 1.16% 1.16% 1.16% 1.16% 130% AFR 1.26% 1.26% 1.26% 1.26% Mid-term AFR 1.74% 1.73% 1.73% 1.72% 110% AFR 1.91% 1.90% 1.90% 1.89% 120% AFR 2.09% 2.08% 2.07% 2.07% 130% AFR 2.26% 2.25% 2.24% 2.24% 150% AFR 2.62% 2.60% 2.59% 2.59% 175% AFR 3.05% 3.03% 3.02% 3.01% Long-term AFR 2.14% 2.13% 2.12% 2.12% 110% AFR 2.35% 2.34% 2.33% 2.33% 120% AFR 2.58% 2.56% 2.55% 2.55% 130% AFR 2.79% 2.77% 2.76% 2.75%

REV. RUL. 2022-4 TABLE 2 Adjusted AFR for March 2022

Period for Compounding Annual Semiannual Quarterly Monthly Short-term adjusted AFR 0.74% 0.74% 0.74% 0.74% Mid-term adjusted AFR 1.31% 1.31% 1.31% 1.31% Long-term adjusted AFR 1.63% 1.62% 1.62% 1.61%

March 7, 2022 790 Bulletin No. 2022–10

REV. RUL. 2022-4 TABLE 3 Rates Under Section 382 for March 2022 Adjusted federal long-term rate for the current month 1.63% Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal 1.63% long-term rates for the current month and the prior two months.)

REV. RUL. 2022-4 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for March 2022 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 7.44% Appropriate percentage for the 30% present value low-income housing credit 3.19%

REV. RUL. 2022-4 TABLE 5 Rate Under Section 7520 for March 2022 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

2.0%

Section 42.—Low-Income Housing Credit

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Section 280G.—Golden Parachute Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Section 382.—Limitation on Net Operating Loss Carryforwards and Certain Built-In Losses Following Ownership Change

The adjusted applicable federal long-term rate is set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Section 467.—Certain Payments for the Use of Property or Services

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Section 468.—Special Rules for Mining and Solid Waste Reclamation and Closing Costs

The applicable federal short-term rates are set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Section 482.—Allocation of Income and Deductions Among Taxpayers

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Section 483.—Interest on Certain Deferred Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Section 1288.—Treatment of Original Issue Discount on Tax-Exempt Obligations

The adjusted applicable federal short-term, midterm, and long-term rates are set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Section 7520.—Valuation Tables

The applicable federal mid-term rates are set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Section 7872.—Treatment of Loans With Below- Market Interest Rates

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of March 2022. See Rev. Rul. 2022-4,page 790.

Bulletin No. 2022–10 791 March 7, 2022

Section 6621.— Determination of Rate of Interest­

26 CFR 301.6621-1: Interest rate.