Rev. Rul. 2025-12

This revenue ruling provides various prescribed rates for federal income

tax purposes for June 2025 (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

REV. RUL. 2025-12 TABLE 1 Applicable Federal Rates (AFR) for June 2025

Period for Compounding Annual Semiannual Quarterly Monthly Short-term AFR 4.00% 3.96% 3.94% 3.93% 110% AFR 4.41% 4.36% 4.34% 4.32% 120% AFR 4.81% 4.75% 4.72% 4.70% 130% AFR 5.22% 5.15% 5.12% 5.10% Mid-term AFR 4.07% 4.03% 4.01% 4.00% 110% AFR 4.48% 4.43% 4.41% 4.39% 120% AFR 4.90% 4.84% 4.81% 4.79% 130% AFR 5.31% 5.24% 5.21% 5.18% 150% AFR 6.14% 6.05% 6.00% 5.98% 175% AFR 7.17% 7.05% 6.99% 6.95% Long-term AFR 4.77% 4.71% 4.68% 4.66% 110% AFR 5.25% 5.18% 5.15% 5.12% 120% AFR 5.73% 5.65% 5.61% 5.58% 130% AFR 6.21% 6.12% 6.07% 6.04%

REV. RUL. 2025-12 TABLE 2

Adjusted AFR for June 2025

Period for Compounding Annual Semiannual Quarterly Monthly Short-term adjusted AFR 3.03% 3.01% 3.00% 2.99% Mid-term adjusted AFR 3.08% 3.06% 3.05% 3.04% Long-term adjusted AFR 3.61% 3.58% 3.56% 3.55%

Bulletin No. 2025–23 1471 June 2, 2025

REV. RUL. 2025-12 TABLE 3 Rates Under Section 382 for June 2025 Adjusted federal long-term rate for the current month 3.61% Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal 3.61% long-term rates for the current month and the prior two months.)

REV. RUL. 2025-12 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for June 2025 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 8.03% Appropriate percentage for the 30% present value low-income housing credit 3.44%

REV. RUL. 2025-12 TABLE 5 Rate Under Section 7520 for June 2025 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

5.00%

Section 42.—Low-Income Housing Credit

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 280G.—Golden Parachute Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

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 June 2025. See Rev. Rul. 2025-12, page 1471.

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 June 2025. See Rev. Rul. 2025-12, page 1471.

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 June 2025. See Rev. Rul. 2025-12, page 1471.

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 June 2025. See Rev. Rul. 2025-12, page 1471.

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 June 2025. See Rev. Rul. 2025-12, page 1471.

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 June 2025. See Rev. Rul. 2025-12, page 1471.

Section 7520.—Valuation Tables

The applicable federal mid-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

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 June 2025. See Rev. Rul. 2025-12, page 1471.

June 2, 2025 1472 Bulletin No. 2025–23