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, 1288, 7520, 7872.)
Rev. Rul. 2024-12
REV. RUL. 2024-12 TABLE 1
Applicable Federal Rates (AFR) for June 2024
Period for Compounding
	Annual	Semiannual	Quarterly	Monthly
Short-term
                                                                                
	AFR	 5.12%	5.06%	5.03%	 5.01%     
110% 	AFR	5.65%	5.57%	5.53%	             5.51%
120% 	AFR	6.16%	          6.07%	     6.02%	             5.99%
130%	 AFR	 	6.69%	6.58%	              6.53%	             6.49%
                                                                                
Mid-term
	AFR	4.66%	4.61%	              4.58%	            4.57%
110% 	AFR	   5.13% 	          5.07%	              5.04%	            5.02%         
120% AFR	5.61%	5.53%	5.49%	5.47%     
130% AFR	6.08%	5.99%	5.95%	5.92%       
150% AFR	7.04%	6.92%	6.86%	6.82%     
175% AFR	8.23%	8.07%	7.99%	7.94%       
                                                                                
Long-term
                                                                                
	AFR	4.79% 	4.73%	4.70%	4.68%        
110% 	AFR	5.27%	5.20%	5.17%	            5.14%
120%	 AFR	5.76%	5.68%	5.64%	5.61%       
130% 	AFR	6.24%	6.15%	6.10%	6.07%   

REV. RUL. 2024-12 TABLE 2
Adjusted AFR for June 2024 
Period for Compounding
	Annual	Semiannual	Quarterly	Monthly 
Short-term
	adjusted AFR	  3.88%	  3.84%	  3.82%	    3.81%
Mid-term
adjusted AFR          3.53%  3.50%              3.48%              3.47%
Long-term adjusted AFR	 3.62%	  3.59%	  3.57%             3.56%

REV. RUL. 2024-12 TABLE 3
Rates Under Section 382 for June 2024
Adjusted federal long-term rate for the current month
3.62%
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.) 
3.62%

REV. RUL. 2024-12 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for June 2024 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	8.10%
Appropriate percentage for the 30% present value low-income 
	housing credit 	3.47%

REV. RUL. 2024-12 TABLE 5
Rate Under Section 7520 for June 2024
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     	 5.6%