Rev. Rul. 2022-12
Internal Revenue Bulletin 2022-27 · 2026-10-03 edition · updated 2026-10-04 · United States
This revenue ruling provides various prescribed rates for federal income
tax purposes for July 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 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%. 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. Finally, Table 6 contains the blended annual rate for 2022 for purposes of section 7872.
REV. RUL. 2022-12 TABLE 1 Applicable Federal Rates (AFR) for July 2022
Period for Compounding Annual Semiannual Quarterly Monthly Short-term AFR 2.37% 2.36% 2.35% 2.35% 110% AFR 2.62% 2.60% 2.59% 2.59% 120% AFR 2.85% 2.83% 2.82% 2.81% 130% AFR 3.09% 3.07% 3.06% 3.05% Mid-term AFR 2.99% 2.97% 2.96% 2.95% 110% AFR 3.30% 3.27% 3.26% 3.25% 120% AFR 3.59% 3.56% 3.54% 3.53% 130% AFR 3.90% 3.86% 3.84% 3.83% 150% AFR 4.51% 4.46% 4.44% 4.42% 175% AFR 5.27% 5.20% 5.17% 5.14% Long-term AFR 3.22% 3.19% 3.18% 3.17% 110% AFR 3.54% 3.51% 3.49% 3.48% 120% AFR 3.87% 3.83% 3.81% 3.80% 130% AFR 4.19% 4.15% 4.13% 4.11%
REV. RUL. 2022-12 TABLE 2
Adjusted AFR for July 2022
Period for Compounding Annual Semiannual Quarterly Monthly Short-term adjusted AFR 1.80% 1.79% 1.79% 1.78% Mid-term adjusted AFR 2.27% 2.26% 2.25% 2.25% Long-term adjusted AFR 2.43% 2.42% 2.41% 2.41%
Bulletin No. 2022–27 1 July 5, 2022
REV. RUL. 2022-12 TABLE 3 Rates Under Section 382 for July 2022 Adjusted federal long-term rate for the current month 2.43% Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal 2.43% long-term rates for the current month and the prior two months.)
REV. RUL. 2022-12 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for July 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 7.72% Appropriate percentage for the 30% present value low-income housing credit 3.31%
REV. RUL. 2022-12 TABLE 5 Rate Under Section 7520 for July 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
3.60%
REV. RUL. 2022-12 TABLE 6
Blended Annual Rate for 2022 Section 7872(e)(2) blended annual rate for 2022 1.40%
Section 42.—Low-Income Housing Credit
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2022. See Rev. Rul. 2022-12, page 1.
Section 280G.—Golden Parachute Payments
The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2022. See Rev. Rul. 2022-12 page 1.
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 July 2022. See Rev. Rul. 2022-12, page 1.
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 July 2022. See Rev. Rul. 2022-12, page 1.
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 July 2022. See Rev. Rul. 2022-12, page 1.
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 July 2022. See Rev. Rul. 2022-12, page 1.
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 July 2022. See Rev. Rul. 2022-12, page 1.
Section 1288.—Treatment of Original Issue Discount on Tax-Exempt Obligations
The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2022. See Rev. Rul. 2022-12, page 1.
Section 7520.—Valuation Tables
The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2022. See Rev. Rul. 2022-12, page 1.
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 July 2022. See Rev. Rul. 2022-12, page 1.
July 5, 2022 2 Bulletin No. 2022–27
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