Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 3725-3726 [05-1382]
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3725
Federal Register / Vol. 70, No. 16 / Wednesday, January 26, 2005 / Notices
DEPARTMENT OF HOMELAND
SECURITY
corporations, and the interest rate for
underpayments will be 5 percent. This
notice is published for the convenience
of the importing public and Customs
and Border Protection personnel.
EFFECTIVE DATE: January 1, 2005.
FOR FURTHER INFORMATION CONTACT:
Trong Quan, National Finance Center,
Collections Section, 6026 Lakeside
Boulevard, Indianapolis, Indiana 46278;
telephone (317) 614–4516.
SUPPLEMENTARY INFORMATION:
Customs and Border Protection
Background
INFORMATION CONTACT
as soon as
possible.
Dated: January 18, 2005.
Howard L. Hime,
Acting Director of Standards, Marine Safety,
Security and Environmental Protection.
[FR Doc. 05–1422 Filed 1–25–05; 8:45 am]
BILLING CODE 4910–15–P
Quarterly IRS Interest Rates Used in
Calculating Interest on Overdue
Accounts and Refunds on Customs
Duties
Customs and Border Protection,
Department of Homeland Security.
ACTION: General notice.
AGENCY:
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. For
the calendar quarter beginning January
1, 2005, the interest rates for
overpayments will be 4 percent for
corporations and 5 percent for non-
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 was
amended (at paragraph (a)(1)(B) by the
Internal Revenue Service Restructuring
and Reform Act of 1998, Public Law
105–206, 112 Stat. 685) to provide
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
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
19:33 Jan 25, 2005
Jkt 205001
Underpayments
(percent)
Ending date
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VerDate jul<14>2003
behalf of the Secretary of the Treasury
on a quarterly basis. The rates effective
for a quarter are determined during the
first-month period of the previous
quarter.
In Revenue Ruling 2004–111, the IRS
determined the rates of interest for the
calendar quarter beginning January 1,
2005, and ending March 31, 2005. The
interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (2%) plus three
percentage points (3%) for a total of five
percent (5%). For corporate
overpayments, the rate is the Federal
short-term rate (2%) plus two
percentage points (2%) for a total of four
percent (4%). For overpayments made
by non-corporations, the rate is the
Federal short-term rate (2%) plus three
percentage points (3%) for a total of five
percent (5%). These interest rates are
subject to change for the calendar
quarter beginning April 1, 2005, and
ending June 30, 2005.
For the convenience of the importing
public and 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.
PO 00000
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
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26JAN1
Overpayments
(percent)
6
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6
12
20
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8
Corporate
overpayments (eff.
1–1–99)
(percent)
6
7
3726
Federal Register / Vol. 70, No. 16 / Wednesday, January 26, 2005 / Notices
Beginning date
040100
040101
070101
010102
010103
100103
040104
070104
100104
Ending date
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Dated: January 19, 2005.
Robert C. Bonner,
Commissioner, Customs and Border
Protection.
[FR Doc. 05–1382 Filed 1–25–05; 8:45 am]
BILLING CODE 4820–02–P
DEPARTMENT OF HOMELAND
SECURITY
Transportation Security Administration
Notice of Intent To Request Approval
From the Office of Management and
Budget (OMB) of One Public Collection
of Information; Law Enforcement
Officer Flying Armed Training and
Certification
Transportation Security
Administration (TSA), DHS.
ACTION: Notice.
SUMMARY: TSA invites public comment
on a new information collection
requirement abstracted below that will
be submitted to OMB for approval in
compliance with the Paperwork
Reduction Act.
DATES: Send your comments by March
28, 2005.
ADDRESSES: Comments may be mailed
or delivered to Katrina Wawer,
Information Collection Specialist, Office
of Transportation Security Policy, TSA–
9, Transportation Security
Administration, 601 South 12th Street,
Arlington, VA 22202–4220.
FOR FURTHER INFORMATION CONTACT:
Katrina Wawer at the above address or
by telephone (571) 227–1995 or
facsimile (571) 227–2594.
SUPPLEMENTARY INFORMATION: In
accordance with the Paperwork
Reduction Act of 1995, (44 U.S.C. 3501
et seq.), an agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information,
unless it displays a valid OMB control
number. Therefore, in preparation for
submission to renew clearance of the
19:33 Jan 25, 2005
Jkt 205001
033101
063001
123101
123102
093003
033104
063004
093004
033105
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following information collection, TSA is
soliciting comments to—
(1) Evaluate whether the proposed
information requirement is necessary for
the proper performance of the functions
of the agency, including whether the
information will have practical utility;
(2) Evaluate the accuracy of the
agency’s estimate of the burden;
(3) Enhance the quality, utility, and
clarity of the information to be
collected; and
(4) Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology.
Purpose of Data Collection
AGENCY:
VerDate jul<14>2003
Underpayments
(percent)
TSA is requesting the collection of
this information to comply with 49 CFR
1544.219, which requires Federal and
state law enforcement officers (LEOs)
that are flying armed with a firearm to
complete the Flying Armed Training
course. TSA assumed responsibility for
the LEO Flying Armed Training course
under Section 107(a) of the Aviation
and Transportation Security Act (ATSA)
(Pub. L. 107–71) (codified at 49 U.S.C.
44918 Crew Training). The course is a
non-tactical overview of the conditions
under which an officer may fly armed
with a firearm, their expected behavior
while flying armed, and the scope of
their authority while in the air. After
training is completed, TSA will solicit
written feedback from the LEOs using a
TSA training evaluation form. This
collection would permit TSA to collect
identifying information from LEOs who
register for this training course and to
solicit voluntary feedback from the
participants on the quality of training.
Description of Data Collection
Identifying information would be
gathered from LEOs who have registered
for the LEO Flying Armed Training
program to confirm that they are eligible
for this program (i.e., that they are active
PO 00000
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Fmt 4703
Sfmt 4703
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8
7
6
5
4
5
4
5
Corporate
overpayments (eff.
1–1–99)
(percent)
Overpayments
(percent)
9
8
7
6
5
4
5
4
5
8
7
6
5
4
3
4
3
4
law enforcement officers who have an
operational need to fly armed and
receive the training). The course will be
offered to Federal law enforcement
agencies via CD-ROM or at the basic
training course that LEOs attend at
Federal training academies, such as the
Federal Law Enforcement Training
Center (FLETC) and the FBI and the
Drug Enforcement Administration
(DEA) Academies in Quantico, Virginia.
For state and local LEOs, the course
will be offered on a secure site over the
Internet. State and local LEOs will be
required to log onto the FLETC website,
which will provide a link to the TSA
LEO Flying Armed website. TSA will
collect information when they register
for the course and then maintain a
record of successful completion, which
is verified with a certificate the LEO
will show at the airport-screening
checkpoint.
If the TSA agent on site doubts a
LEO’s authenticity when the LEO
presents his or her credentials at the
airport to fly, the TSA agent on site will
contact the TSA’s Transportation
Security Operations Center (TSOC), , for
identity verification. To verify the LEO’s
identity, the TSOC representative will
direct the TSA agent to ask the LEO a
series of questions, which the LEO was
required to answer during the course
registration (e.g., Where is your high
school located?).
After training is completed, TSA
would solicit written feedback from the
LEO training using a TSA training
evaluation form. Completion of the form
would be voluntary and anonymous.
TSA proposes an annual certification for
this training process. The number of
potential respondents is 40,000 LEOs.
The estimated annual reporting burden
is 7500 hours annually with an
estimated annual cost burden of
$673,248.
Use of Results
TSA Headquarters and authorized
airport personnel (airport screeners) will
use the registration information to verify
E:\FR\FM\26JAN1.SGM
26JAN1
]]>Agencies
[Federal Register Volume 70, Number 16 (Wednesday, January 26, 2005)]
[Notices]
[Pages 3725-3726]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-1382]
-----------------------------------------------------------------------
DEPARTMENT OF HOMELAND SECURITY
Customs and Border Protection
Quarterly IRS Interest Rates Used in Calculating Interest on
Overdue Accounts and Refunds on Customs Duties
AGENCY: 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.
For the calendar quarter beginning January 1, 2005, the interest rates
for overpayments will be 4 percent for corporations and 5 percent for
non-corporations, and the interest rate for underpayments will be 5
percent. This notice is published for the convenience of the importing
public and Customs and Border Protection personnel.
EFFECTIVE DATE: January 1, 2005.
FOR FURTHER INFORMATION CONTACT: Trong Quan, National Finance Center,
Collections Section, 6026 Lakeside Boulevard, Indianapolis, Indiana
46278; telephone (317) 614-4516.
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 was amended (at paragraph
(a)(1)(B) by the Internal Revenue Service Restructuring and Reform Act
of 1998, Public Law 105-206, 112 Stat. 685) to provide 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 for
a quarter are determined during the first-month period of the previous
quarter.
In Revenue Ruling 2004-111, the IRS determined the rates of
interest for the calendar quarter beginning January 1, 2005, and ending
March 31, 2005. The interest rate paid to the Treasury for
underpayments will be the Federal short-term rate (2%) plus three
percentage points (3%) for a total of five percent (5%). For corporate
overpayments, the rate is the Federal short-term rate (2%) plus two
percentage points (2%) for a total of four percent (4%). For
overpayments made by non-corporations, the rate is the Federal short-
term rate (2%) plus three percentage points (3%) for a total of five
percent (5%). These interest rates are subject to change for the
calendar quarter beginning April 1, 2005, and ending June 30, 2005.
For the convenience of the importing public and 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
Underpayments Overpayments overpayments
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
[[Page 3726]]
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
----------------------------------------------------------------------------------------------------------------
Dated: January 19, 2005.
Robert C. Bonner,
Commissioner, Customs and Border Protection.
[FR Doc. 05-1382 Filed 1-25-05; 8:45 am]
BILLING CODE 4820-02-P
