Rev. Rul. 2022-8

This revenue ruling provides various prescribed rates for federal income tax purposes for April 2022 (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.

April 4, 2022 936 Bulletin No. 2022–14

REV. RUL. 2022-8 TABLE 1 Applicable Federal Rates (AFR) for April 2022

Period for Compounding Annual Semiannual Quarterly Monthly Short-term AFR 1.26% 1.26% 1.26% 1.26% 110% AFR 1.39% 1.39% 1.39% 1.39% 120% AFR 1.52% 1.51% 1.51% 1.51% 130% AFR 1.65% 1.64% 1.64% 1.63% Mid-term AFR 1.87% 1.86% 1.86% 1.85% 110% AFR 2.06% 2.05% 2.04% 2.04% 120% AFR 2.24% 2.23% 2.22% 2.22% 130% AFR 2.43% 2.42% 2.41% 2.41% 150% AFR 2.81% 2.79% 2.78% 2.77% 175% AFR 3.29% 3.26% 3.25% 3.24% Long-term AFR 2.25% 2.24% 2.23% 2.23% 110% AFR 2.48% 2.46% 2.45% 2.45% 120% AFR 2.71% 2.69% 2.68% 2.68% 130% AFR 2.93% 2.91% 2.90% 2.89%

REV. RUL. 2022-8 TABLE 2

Adjusted AFR for April 2022

Period for Compounding Annual Semiannual Quarterly Monthly Short-term adjusted AFR 0.96% 0.96% 0.96% 0.96% Mid-term adjusted AFR 1.41% 1.41% 1.41% 1.41% Long-term adjusted AFR 1.71% 1.70% 1.70% 1.69%

REV. RUL. 2022-8 TABLE 3 Rates Under Section 382 for April 2022 Adjusted federal long-term rate for the current month 1.71% Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal 1.71% long-term rates for the current month and the prior two months.)

REV. RUL. 2022-8 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for April 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 7.47% Appropriate percentage for the 30% present value low-income housing credit 3.20%

Bulletin No. 2022–14 937 April 4, 2022

REV. RUL. 2022-8 TABLE 5 Rate Under Section 7520 for April 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

2.2%

Section 42.—Low-Income Housing Credit

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 2022. See Rev. Rul. 2022-8, page 936.

Section 280G.—Golden Parachute Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 2022. See Rev. Rul. 2022-8 page 936.

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 April 2022. See Rev. Rul. 2022-8, page 936.

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 April 2022. See Rev. Rul. 2022-8, page 936.

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 April 2022. See Rev. Rul. 2022-8, page 936.

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 April 2022. See Rev. Rul. 2022-8, page 936.

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 April 2022. See Rev. Rul. 2022-8, page 936.

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 April 2022. See Rev. Rul. 2022-8, page 936.

Section 7520.—Valuation Tables

The applicable federal mid-term rates are set forth for the month of April 2022. See Rev. Rul. 2022-8, page 936.

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 April 2022. See Rev. Rul. 2022-8, page 936.

April 4, 2022 938 Bulletin No. 2022–14