Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 66016-66018 [2015-27437]

Download as PDF 66016 Federal Register / Vol. 80, No. 208 / Wednesday, October 28, 2015 / Notices Homeland Security’’ and the docket number for this action. Comments received will be posted without alteration at https://www.regulations.gov, including any personal information provided. You may review a Privacy Act notice regarding the Federal Docket Management System in the March 24, 2005, issue of the Federal Register (70 FR 15086). Docket: For access to the docket to read documents or comments related to this notice, go to https:// www.regulations.gov, insert USCG– 2015–0805 in the Search box, press Enter, and then click on the item you wish to view. A public oral comment period will be held during the meeting on November 19, 2015, and speakers are requested to limit their comments to 3 minutes. Contact one of the individuals listed below to register as a speaker. FOR FURTHER INFORMATION CONTACT: Commander Jose Perez, Designated Federal Officer of the National Offshore Safety Advisory Committee, Commandant (CG–OES–2), U.S. Coast Guard, 2703 Martin Luther King Jr. Avenue SE. Stop 7509, Washington, DC 20593–7509; telephone (202) 372–1410, fax (202) 372–8382 or email jose.a.perez3@uscg.mil, or Mr. Pat Clark, telephone (202) 372–1358, fax (202) 372–8382 or email Patrick.w.clark@ uscg.mil. SUPPLEMENTARY INFORMATION: Notice of this meeting is given under the Federal Advisory Committee Act, Title 5 United States Code, Appendix. The National Offshore Safety Advisory Committee provides advice and recommendations to the Department of Homeland Security on matters and actions concerning activities directly involved with or in support of the exploration of offshore mineral and energy resources insofar as they relate to matters within U.S. Coast Guard jurisdiction. A copy of all meeting documentation will be available at https:// homeport.uscg.mil/nosac no later than November 1, 2015. Alternatively, you may contact Mr. Pat Clark as noted in the FOR FURTHER INFORMATION CONTACT section above. mstockstill on DSK4VPTVN1PROD with NOTICES Agenda Day 1 The National Offshore Safety Advisory Subcommittee on Cyber Security on the Outer Continental Shelf will meet on November 18, 2015 from 1 p.m. to 2 p.m. to review, discuss and formulate recommendations. Following this Subcommittee meeting, the Lifeboat Safety Subcommittee will meet from 2 p.m. to 3 p.m. and then the Towing of VerDate Sep<11>2014 19:16 Oct 27, 2015 Jkt 238001 Mobile Offshore Drilling Unit Subcommittee will meet from 3 p.m. to 4 p.m. Day 2 [FR Doc. 2015–27419 Filed 10–27–15; 8:45 am] The National Offshore Safety Advisory full Committee will hold a public meeting on November 19, 2015 from 8:30 a.m. to 4:30 p.m. to review and discuss the progress of the Subcommittees and any reports and recommendations received from the above listed Subcommittees from their deliberations on November 18, 2015. The Committee will then use this information and consider public comments in formulating recommendations to the U.S. Coast Guard. Public comments or questions will be taken at the discretion of the Designated Federal Officer during the discussion and recommendation portions of the meeting as well as during the public comment period, see Agenda item (4). A complete agenda for November 19, 2015 Committee meeting is as follows: (1) General Administration, acceptance of minutes from the April 2015 NOSAC public meeting. (2) Current Business—Presentation and discussion of Subcommittee updates and any final reports to include recommendations from the Subcommittees on Cyber Security, Lifeboat Safety, and Towing of Mobil Offshore Drilling Units. (3) New Business—Introduction of new Task Statements by the Coast Guard: a) Offshore Well Intervention Operations. (4) Presentations and discussions on the following matters: (a) Marine Well Containment; (b) The Bureau of Safety and Environmental Enforcement’s Risk Based Inspection Program; (5) Public comment period. The agenda, any draft final reports, new task statements and presentations will be available approximately 7 days prior to the meeting at the https:// homeport.uscg.mil/nosac Web site or by contacting Mr. Pat Clark in the FOR FURTHER INFORMATION CONTACT. Minutes Meeting minutes from this public meeting will be available for public view and copying within 90 days following the close of the meeting at the https://homeport.uscg.mil/nosac Web site. PO 00000 Frm 00034 Dated: October 13, 2015. J.G. Lantz, Director of Commercial Regulations and Standards. Fmt 4703 Sfmt 4703 BILLING CODE 9110–04–P DEPARTMENT OF HOMELAND SECURITY U.S. Customs and Border Protection Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties U.S. Customs and Border Protection, Department of Homeland Security. ACTION: General notice. AGENCY: This notice advises the public of the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties remains unchanged from the previous quarter. For the calendar quarter beginning October 1, 2015, the interest rates for overpayments will be 2 percent for corporations and 3 percent for noncorporations, and the interest rate for underpayments will be 3 percent for both corporations and non-corporations. This notice is published for the convenience of the importing public and U.S. Customs and Border Protection personnel. DATES: Effective Date: October 1, 2015. FOR FURTHER INFORMATION CONTACT: Michael P. Dean, Revenue Division, Collection and Refunds Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 614–4882. SUPPLEMENTARY INFORMATION: SUMMARY: Background Pursuant to 19 U.S.C. 1505 and Treasury Decision 85–93, published in the Federal Register on May 29, 1985 (50 FR 21832), the interest rate paid on applicable overpayments or underpayments of customs duties must be in accordance with the Internal Revenue Code rate established under 26 U.S.C. 6621 and 6622. Section 6621 provides different interest rates applicable to overpayments: One for corporations and one for noncorporations. The interest rates are based on the Federal short-term rate and determined by the Internal Revenue Service (IRS) on behalf of the Secretary of the Treasury on a quarterly basis. The rates effective E:\FR\FM\28OCN1.SGM 28OCN1 66017 Federal Register / Vol. 80, No. 208 / Wednesday, October 28, 2015 / Notices for a quarter are determined during the first-month period of the previous quarter. In Revenue Ruling 2015–17, the IRS determined the rates of interest for the calendar quarter beginning October 1, 2015, and ending on December 31, 2015. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (1) plus two percentage points (2) for a total of three percent (3) for both corporations and noncorporations. For corporate overpayments, the rate is the Federal short-term rate (1) plus one percentage point (1) for a total of two percent (2). For overpayments made by noncorporations, the rate is the Federal short-term rate (1) plus two percentage points (2) for a total of three percent (3). These interest rates are subject to change for the calendar quarter Ending date mstockstill on DSK4VPTVN1PROD with NOTICES Beginning date 070174 070175 020176 020178 020180 020182 010183 070183 010185 070185 010186 070186 010187 100187 010188 040188 100188 040189 100189 040191 010192 040192 100192 070194 100194 040195 070195 040196 070196 040198 010199 040199 040100 040101 070101 010102 010103 100103 040104 070104 100104 040105 100105 070106 010108 040108 070108 100108 010109 040109 010111 040111 100111 ............................................................................................................. ............................................................................................................. ............................................................................................................. ............................................................................................................. 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VerDate Sep<11>2014 19:16 Oct 27, 2015 Jkt 238001 PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 beginning January 1, 2016, and ending March 31, 2016. For the convenience of the importing public and U.S. Customs and Border Protection personnel the following list of IRS interest rates used, covering the period from before July of 1974 to date, to calculate interest on overdue accounts and refunds of customs duties, is published in summary format. Under-payments (percent) 063075 013176 013178 013180 013182 123182 063083 123184 063085 123185 063086 123186 093087 123187 033188 093088 033189 093089 033191 123191 033192 093092 063094 093094 033195 063095 033196 063096 033198 123198 033199 033100 033101 063001 123101 123102 093003 033104 063004 093004 033105 093005 063006 123107 033108 063008 093008 123108 033109 123110 033111 093011 123115 E:\FR\FM\28OCN1.SGM 6 9 7 6 12 20 16 11 13 11 10 9 9 10 11 10 11 12 11 10 9 8 7 8 9 10 9 8 9 8 7 8 9 8 7 6 5 4 5 4 5 6 7 8 7 6 5 6 5 4 3 4 3 28OCN1 Corporate Overpayments (Eff. 1–1–99) (percent) Over-payments (percent) 6 9 7 6 12 20 16 11 13 11 10 9 8 9 10 9 10 11 10 9 8 7 6 7 8 9 8 7 8 7 7 8 9 8 7 6 5 4 5 4 5 6 7 8 7 6 5 6 5 4 3 4 3 6 7 8 7 6 5 4 3 4 3 4 5 6 7 6 5 4 5 4 3 2 3 2 66018 Federal Register / Vol. 80, No. 208 / Wednesday, October 28, 2015 / Notices Dated: October 23, 2015. R. Gil Kerlikowske, Commissioner. [FR Doc. 2015–27437 Filed 10–27–15; 8:45 am] BILLING CODE 9111–14–P DEPARTMENT OF HOMELAND SECURITY Federal Emergency Management Agency [Docket ID FEMA–2015–0001] Changes in Flood Hazard Determinations Federal Emergency Management Agency, DHS. ACTION: Final Notice. AGENCY: New or modified Base (1percent annual chance) Flood Elevations (BFEs), base flood depths, Special Flood Hazard Area (SFHA) boundaries or zone designations, and/or regulatory floodways (hereinafter referred to as flood hazard determinations) as shown on the indicated Letter of Map Revision (LOMR) for each of the communities listed in the table below are finalized. Each LOMR revises the Flood Insurance Rate Maps (FIRMs), and in some cases the Flood Insurance Study (FIS) reports, currently in effect for the listed communities. The flood hazard determinations modified by each LOMR will be used to calculate flood insurance premium rates for new buildings and their contents. DATES: The effective date for each LOMR is indicated in the table below. SUMMARY: State and county Arizona: Gila (FEMA Docket No.: B–1519). Location and case No. City of Globe (15–09– 0719P). Unincorporated areas of Gila County (15–09– 0719P). Maricopa Docket 1519). Maricopa Docket 1519). mstockstill on DSK4VPTVN1PROD with NOTICES Gila (FEMA Docket No.: B–1519). (FEMA No.: B– City of Goodyear (14– 09–4544P). (FEMA No.: B– Unincorporated areas of Maricopa County (14–09–4544P). Maricopa Docket 1519). Maricopa Docket 1519). (FEMA No.: B– Town of Buckeye (15– 09–0487P). (FEMA No.: B– City of Phoenix (15–09– 0681P). VerDate Sep<11>2014 19:16 Oct 27, 2015 Each LOMR is available for inspection at both the respective Community Map Repository address listed in the table below and online through the FEMA Map Service Center at www.msc.fema.gov. FOR FURTHER INFORMATION CONTACT: Luis Rodriguez, Chief, Engineering Management Branch, Federal Insurance and Mitigation Administration, FEMA, 500 C Street SW., Washington, DC 20472, (202) 646–4064, or (email) Luis.Rodriguez3@fema.dhs.gov; or visit the FEMA Map Information eXchange (FMIX) online at www.floodmaps.fema.gov/fhm/fmx_ main.html. SUPPLEMENTARY INFORMATION: The Federal Emergency Management Agency (FEMA) makes the final flood hazard determinations as shown in the LOMRs for each community listed in the table below. Notice of these modified flood hazard determinations has been published in newspapers of local circulation and 90 days have elapsed since that publication. The Deputy Associate Administrator for Mitigation has resolved any appeals resulting from this notification. The modified flood hazard determinations are made pursuant to section 206 of the Flood Disaster Protection Act of 1973, 42 U.S.C. 4105, and are in accordance with the National Flood Insurance Act of 1968, 42 U.S.C. 4001 et seq., and with 44 CFR part 65. For rating purposes, the currently effective community number is shown and must be used for all new policies and renewals. The new or modified flood hazard information is the basis for the floodplain management measures that ADDRESSES: Jkt 238001 the community is required either to adopt or to show evidence of being already in effect in order to remain qualified for participation in the National Flood Insurance Program (NFIP). This new or modified flood hazard information, together with the floodplain management criteria required by 44 CFR 60.3, are the minimum that are required. They should not be construed to mean that the community must change any existing ordinances that are more stringent in their floodplain management requirements. The community may at any time enact stricter requirements of its own or pursuant to policies established by other Federal, State, or regional entities. This new or modified flood hazard determinations are used to meet the floodplain management requirements of the NFIP and also are used to calculate the appropriate flood insurance premium rates for new buildings, and for the contents in those buildings. The changes in flood hazard determinations are in accordance with 44 CFR 65.4. Interested lessees and owners of real property are encouraged to review the final flood hazard information available at the address cited below for each community or online through the FEMA Map Service Center at www.msc.fema.gov. (Catalog of Federal Domestic Assistance No. 97.022, ‘‘Flood Insurance.’’) Dated: October 8, 2015. Roy E. Wright, Deputy Associate Administrator for Insurance and Mitigation, Department of Homeland Security, Federal Emergency Management Agency. Chief executive officer of community Community map repository Effective date of modification The Honorable Terence O. Wheeler, Mayor, City of Globe, 150 North Pine Street, Globe, AZ 85501. The Honorable Michael A. Pastor, Chairman, Gila County Board of Supervisors, Gila County Courthouse, 1400 East Ash Street, Globe, AZ 85501. The Honorable Georgia Lord, Mayor, City of Goodyear, 190 North Litchfield Road, Goodyear, AZ 85338. The Honorable Steve Chucri, Chairman, Maricopa County Board of Supervisors, 301 West Jefferson, 10th Floor, Phoenix, AZ 85003. The Honorable Jackie A. Meck, Mayor, Town of Buckeye, 530 East Monroe Avenue, Buckeye, AZ 85326. The Honorable Greg Stanton, Mayor, City of Phoenix, 200 West Washington Street, Phoenix, AZ 85003. 150 North Pine Street, Globe, AZ 85501. Aug. 27, 2015 ............ 040029 Gila County Courthouse, 1400 East Ash Street, Globe, AZ 85501. Aug. 27, 2015 ............ 040028 City Hall, 190 North Litchfield Aug. 28, 2015 ............ Road, Goodyear, AZ 85338. 040046 Flood Control District of Maricopa County, 2801 West Durango Street, Phoenix, AZ 85009. Town Hall, 100 North Apache Street, Suite A, Buckeye, AZ 85326. Street Transportation Department, 200 West Washington Street, 5th Floor, Phoenix, AZ 85003. Aug. 28, 2015 ............ 040037 Aug. 7, 2015 .............. 040039 Jul. 31, 2015 .............. 040051 PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 E:\FR\FM\28OCN1.SGM 28OCN1 Community No.

Agencies

[Federal Register Volume 80, Number 208 (Wednesday, October 28, 2015)]
[Notices]
[Pages 66016-66018]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27437]


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DEPARTMENT OF HOMELAND SECURITY

U.S. Customs and Border Protection


Quarterly IRS Interest Rates Used in Calculating Interest on 
Overdue Accounts and Refunds on Customs Duties

AGENCY: U.S. Customs and Border Protection, Department of Homeland 
Security.

ACTION: General notice.

-----------------------------------------------------------------------

SUMMARY: This notice advises the public of the quarterly Internal 
Revenue Service interest rates used to calculate interest on overdue 
accounts (underpayments) and refunds (overpayments) of customs duties 
remains unchanged from the previous quarter. For the calendar quarter 
beginning October 1, 2015, the interest rates for overpayments will be 
2 percent for corporations and 3 percent for non-corporations, and the 
interest rate for underpayments will be 3 percent for both corporations 
and non-corporations. This notice is published for the convenience of 
the importing public and U.S. Customs and Border Protection personnel.

DATES: Effective Date: October 1, 2015.

FOR FURTHER INFORMATION CONTACT: Michael P. Dean, Revenue Division, 
Collection and Refunds Branch, 6650 Telecom Drive, Suite #100, 
Indianapolis, Indiana 46278; telephone (317) 614-4882.

SUPPLEMENTARY INFORMATION:

Background

    Pursuant to 19 U.S.C. 1505 and Treasury Decision 85-93, published 
in the Federal Register on May 29, 1985 (50 FR 21832), the interest 
rate paid on applicable overpayments or underpayments of customs duties 
must be in accordance with the Internal Revenue Code rate established 
under 26 U.S.C. 6621 and 6622. Section 6621 provides different interest 
rates applicable to overpayments: One for corporations and one for non-
corporations.
    The interest rates are based on the Federal short-term rate and 
determined by the Internal Revenue Service (IRS) on behalf of the 
Secretary of the Treasury on a quarterly basis. The rates effective

[[Page 66017]]

for a quarter are determined during the first-month period of the 
previous quarter.
    In Revenue Ruling 2015-17, the IRS determined the rates of interest 
for the calendar quarter beginning October 1, 2015, and ending on 
December 31, 2015. The interest rate paid to the Treasury for 
underpayments will be the Federal short-term rate (1) plus two 
percentage points (2) for a total of three percent (3) for both 
corporations and non-corporations. For corporate overpayments, the rate 
is the Federal short-term rate (1) plus one percentage point (1) for a 
total of two percent (2). For overpayments made by non-corporations, 
the rate is the Federal short-term rate (1) plus two percentage points 
(2) for a total of three percent (3). These interest rates are subject 
to change for the calendar quarter beginning January 1, 2016, and 
ending March 31, 2016.
    For the convenience of the importing public and U.S. Customs and 
Border Protection personnel the following list of IRS interest rates 
used, covering the period from before July of 1974 to date, to 
calculate interest on overdue accounts and refunds of customs duties, 
is published in summary format.

----------------------------------------------------------------------------------------------------------------
                                                                                                     Corporate
                                                                  Under-payments   Over-payments  Overpay- ments
                 Beginning date                    Ending  date      (percent)       (percent)     (Eff. 1-1-99)
                                                                                                     (percent)
----------------------------------------------------------------------------------------------------------------
070174..........................................          063075               6               6
070175..........................................          013176               9               9
020176..........................................          013178               7               7
020178..........................................          013180               6               6
020180..........................................          013182              12              12
020182..........................................          123182              20              20
010183..........................................          063083              16              16
070183..........................................          123184              11              11
010185..........................................          063085              13              13
070185..........................................          123185              11              11
010186..........................................          063086              10              10
070186..........................................          123186               9               9
010187..........................................          093087               9               8
100187..........................................          123187              10               9
010188..........................................          033188              11              10
040188..........................................          093088              10               9
100188..........................................          033189              11              10
040189..........................................          093089              12              11
100189..........................................          033191              11              10
040191..........................................          123191              10               9
010192..........................................          033192               9               8
040192..........................................          093092               8               7
100192..........................................          063094               7               6
070194..........................................          093094               8               7
100194..........................................          033195               9               8
040195..........................................          063095              10               9
070195..........................................          033196               9               8
040196..........................................          063096               8               7
070196..........................................          033198               9               8
040198..........................................          123198               8               7
010199..........................................          033199               7               7               6
040199..........................................          033100               8               8               7
040100..........................................          033101               9               9               8
040101..........................................          063001               8               8               7
070101..........................................          123101               7               7               6
010102..........................................          123102               6               6               5
010103..........................................          093003               5               5               4
100103..........................................          033104               4               4               3
040104..........................................          063004               5               5               4
070104..........................................          093004               4               4               3
100104..........................................          033105               5               5               4
040105..........................................          093005               6               6               5
100105..........................................          063006               7               7               6
070106..........................................          123107               8               8               7
010108..........................................          033108               7               7               6
040108..........................................          063008               6               6               5
070108..........................................          093008               5               5               4
100108..........................................          123108               6               6               5
010109..........................................          033109               5               5               4
040109..........................................          123110               4               4               3
010111..........................................          033111               3               3               2
040111..........................................          093011               4               4               3
100111..........................................          123115               3               3               2
----------------------------------------------------------------------------------------------------------------



[[Page 66018]]

    Dated: October 23, 2015.
R. Gil Kerlikowske,
Commissioner.
[FR Doc. 2015-27437 Filed 10-27-15; 8:45 am]
 BILLING CODE 9111-14-P
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