Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 19497-19499 [05-7444]

Download as PDF Federal Register / Vol. 70, No. 70 / Wednesday, April 13, 2005 / Notices practical utility; (b) the accuracy of the agency’s estimates of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden including the use of automated collection techniques or the use of other forms of information technology; and (e) estimates of capital or start-up costs and costs of operations, maintenance, and purchase of services to provide information. The comments that are submitted will be summarized and included in the CBP request for Office of Management and Budget (OMB) approval. All comments will become a matter of public record. In this document CBP is soliciting comments concerning the following information collection: Title: Line Release Regulations. OMB Number: 1651–0060. Form Number: N/A. Abstract: Line release was developed to release and track high volume and repetitive shipments using bar code technology and PCS. An application is submitted to CBP by the filer and a common commodity classification code (C4) is assigned to the application. Current Actions: There are no changes to the information collection. This submission is being submitted to extend the expiration date. Type of Review: Extension (without change). Affected Public: Business or other forprofit institutions. Estimated Number of Respondents: 25,700. Estimated Time Per Respondent: 15 minutes. Estimated Total Annual Burden Hours: 6,425. Estimated Total Annualized Cost on the Public: $452,375. Dated: April 6, 2005. Tracey Denning, Agency Clearance Officer, Information Services Group. [FR Doc. 05–7442 Filed 4–12–05; 8:45 am] BILLING CODE 4820–02–P DEPARTMENT OF HOMELAND SECURITY Bureau of Customs and Border Protection Proposed Collection; Comment Request; Report of Diversion Notice and request for comments. ACTION: SUMMARY: As part of its continuing effort to reduce paperwork and respondent VerDate jul<14>2003 18:37 Apr 12, 2005 Jkt 205001 burden, Bureau of Customs and Border Protection (CBP) invites the general public and other Federal agencies to comment on an information collection requirement concerning Report of Diversion. This request for comment is being made pursuant to the Paperwork Reduction Act of 1995 (Pub. L. 104–13; 44 U.S.C. 3505(c)(2)). DATES: Written comments should be received on or before June 13, 2005, to be assured of consideration. ADDRESSES: Direct all written comments to Bureau of Customs and Border Protection, Information Services Group, Attn.: Tracey Denning, 1300 Pennsylvania Avenue, NW., Room 3.2.C, Washington, DC 20229. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed Bureau of Customs and Border Protection, Attn.: Tracey Denning, 1300 Pennsylvania Avenue NW., Room 3.2C, Washington, DC 20229, Tel. (202) 344–1429. SUPPLEMENTARY INFORMATION: CBP invites the general public and other Federal agencies to comment on proposed and/or continuing information collections pursuant to the Paperwork Reduction Act of 1995 (Pub. L. 104–13; 44 U.S.C. 3505(c)(2)). The comments should address: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimates of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden including the use of automated collection techniques or the use of other forms of information technology; and (e) estimates of capital or start-up costs and costs of operations, maintenance, and purchase of services to provide information. The comments that are submitted will be summarized and included in the CBP request for Office of Management and Budget (OMB) approval. All comments will become a matter of public record. In this document CBP is soliciting comments concerning the following information collection: Title: Report of Diversion. OMB Number: 1651–0025. Form Number: Form CBP–26. Abstract: CBP uses Form–26 to track vessels traveling coastwise from U.S ports to other U.S. ports when a change occurs in scheduled itineraries. This is required for enforcement of the Jones Act (46 U.S.C. App. 883) and for continuity of vessel manifest PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 19497 information and permits to proceed actions. Current Actions: There are no changes to the information collection. This submission is being submitted to extend the expiration date. Type of Review: Extension (without change). Affected Public: Businesses, Individuals, Institutions. Estimated Number of Respondents: 2800. Estimated Time Per Respondent: 5 minutes. Estimated Total Annual Burden Hours: 233. Estimated Total Annualized Cost on the Public: $3383. Dated: April 6, 2005. Tracey Denning, Agency Clearance Officer, Information Services Group. [FR Doc. 05–7443 Filed 4–12–05; 8:45 am] BILLING CODE 4820–02–P DEPARTMENT OF HOMELAND SECURITY Customs and Border Protection 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 April 1, 2005, the interest rates for overpayments will be 5 percent for corporations and 6 percent for non-corporations, and the interest rate for underpayments will be 6 percent. This notice is published for the convenience of the importing public and Customs and Border Protection personnel. DATES: Effective Date: April 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 E:\FR\FM\13APN1.SGM 13APN1 19498 Federal Register / Vol. 70, No. 70 / Wednesday, April 13, 2005 / Notices 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 2005–15, the IRS determined the rates of interest for the calendar quarter beginning April 1, 2005, and ending June 30, 2005. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (3%) plus three percentage points (3%) for a total of six percent (6%). For corporate overpayments, the rate is the Federal short-term rate (3%) plus two percentage points (2%) for a total of five 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 VerDate jul<14>2003 18:37 Apr 12, 2005 Underpayments (percent) Ending Date ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ Jkt 205001 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 063005 PO 00000 percent (5%). For overpayments made by non-corporations, the rate is the Federal short-term rate (3%) plus three percentage points (3%) for a total of six percent (6%). These interest rates are subject to change for the calendar quarter beginning July 1, 2005, and ending September 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. ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... Frm 00087 Fmt 4703 Sfmt 4703 E:\FR\FM\13APN1.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 13APN1 Overpayments (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 Corporate Overpayments (Eff. 1–1–99) (percent) 6 7 8 7 6 5 4 3 4 3 4 5 Federal Register / Vol. 70, No. 70 / Wednesday, April 13, 2005 / Notices Dated: April 8, 2005. Robert C. Bonner, Commissioner, Customs and Border Protection. [FR Doc. 05–7444 Filed 4–12–05; 8:45 am] BILLING CODE 4820–02–P DEPARTMENT OF HOMELAND SECURITY Transportation Security Administration [Docket No. TSA–2005–20937] Aviation Security Advisory Committee Meeting Transportation Security Administration (TSA), DHS. ACTION: Notice of meeting. AGENCY: The Aviation Security Advisory Committee (ASAC) is meeting in open session. The meeting will be held by telephonic conference call. DATES: The meeting will take place on April 28, 2005, from 12 p.m. to 1:30 p.m., local time in Washington, DC. ADDRESSES: The meeting will be held by telephonic conference call. Dial-in instructions are set forth below under the heading SUPPLEMENTARY INFORMATION. FOR FURTHER INFORMATION CONTACT: Joseph Corrao, Office of Transportation Security Policy (TSA–9), TSA Headquarters, 601 S. 12th Street, Arlington, VA, 22202; telephone 571– 227–2980, e-mail joseph.corrao@dhs.gov. SUPPLEMENTARY INFORMATION: Notice of this meeting is given under the Federal Advisory Committee Act (FACA), Pub. L. 92–463, as amended, (5 U.S.C. App 1 et seq). The ASAC will meet to receive a presentation of the report and recommendations of the Freight Assessment System (FAS) working group. FAS would analyze information about shipments of air cargo in order to identify elevated risk air cargo and enable targeted screening of 100% of that cargo prior to loading it on an aircraft. This meeting, from 12 p.m. to 1:30 p.m., is open to the public but SUMMARY: telephonic conferencing capacity is limited. Members of the public who wish to monitor the discussion may dial into this telephonic meeting by dialing (888) 809–8967. At the prompt, provide the conference code ‘‘ASAC’’ (pronounced ‘‘A-sack’’). Parties calling from locations outside the United States may contact the person listed under the heading FOR FURTHER INFORMATION CONTACT, for international calling instructions. The working group’s report may be obtained from the following Web site: https://www.tsa.gov/interweb/ assetlibrary/ASAC_FAS_ WG_Recommendations_121404.pdf, or by contacting the person listed under the heading FOR FURTHER INFORMATION CONTACT. Members of the public must make advance arrangements to present oral statements at this ASAC meeting. Written statements may be presented to the committee by providing copies of them to the Chair prior to the meeting. Anyone in need of assistance or a reasonable accommodation for the meeting should contact the person listed under the heading FOR FURTHER INFORMATION CONTACT. Public Comments: You may submit public comments, identified by Docket No. TSA 2005–20937, by one of the following methods: • DOT Docket: https://dms.dot.gov. Please be aware that anyone is able to search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). You may review the applicable Privacy Act Statement published in the Federal Register on April 11, 2000 (65 FR 19477), or you may visit https:// dms.dot.gov. • Federal eRulemaking Portal: https:// www.regulations.gov. • E-mail: e-mail joseph.corrao@dhs.gov. When submitting comments electronically, please include TSA–2005–20937 in the subject line of the message. • Mail or Hand Delivery: Address or deliver your written, signed comments to the Docket Management System, U.S. Department of Transportation, Room Plaza 401, 400 Seventh Street, SW., Washington, DC 20590–0001; Fax: 202– 493–2251. This mailing address may also be used for paper, disk, or CD–ROM submissions. Issued in Arlington, Virginia, on April 7, 2005. Chad Wolf, Assistant Administrator for Transportation Security Policy. [FR Doc. 05–7391 Filed 4–12–05; 8:45 am] BILLING CODE 4910–62–P DEPARTMENT OF THE INTERIOR Fish and Wildlife Service Letters of Authorization to Take Marine Mammals Fish and Wildlife Service, Interior. ACTION: Notice of issuance. AGENCY: SUMMARY: In accordance with the Marine Mammal Protection Act of 1972 (MMPA) as amended, notice is hereby given that Letters of Authorization to take polar bears incidental to oil and gas industry exploration activities in the Beaufort Sea and adjacent northern coast of Alaska have been issued. FOR FURTHER INFORMATION CONTACT: Mr. Craig Perham at the Fish and Wildlife Service, Marine Mammals Management Office, 1011 East Tudor Road, Anchorage, Alaska 99503, (800) 362– 5148 or (907) 786–3810. SUPPLEMENTARY INFORMATION: A Letter of Authorization has been issued to the following companies in accordance with Fish and Wildlife Service Federal Rules and Regulations ‘‘Marine Mammals; Incidental Take During Specified Activities (68 FR 66744; November 28, 2003)’’ under section 101(a)(5)(A) of the MMPA and the Fish and Wildlife Service implementing regulations at 50 CFR 18.27(f)(3): Company Activity Location Veritas DGC Land Inc ............................. Cruz Construction .................................... ConocoPhillips Alaska, Inc ...................... ConocoPhillips Alaska, Inc ...................... ConocoPhillips Alaska, Inc ...................... ConocoPhillips Alaska, Inc ...................... ConocoPhillips Alaska, Inc ...................... Kerr-McGee Oil and Gas Corp ............... Pioneer Natural Resources Ak ................ ConocoPhillips Alaska, Inc ...................... Brooks Range Petroleum Corp ............... Exploration ............................................. Development .......................................... Exploration ............................................. Exploration ............................................. Exploration ............................................. Exploration ............................................. Exploration ............................................. Exploration ............................................. Development .......................................... Exploration ............................................. Exploration ............................................. 2005 winter seismic ............................... 2005 winter transport ............................. Kokoda 3, 4, 5 ....................................... Defiance 1 .............................................. Bounty 1 ................................................. Noatak 1 ................................................. Trailblazer H–1 ....................................... Nikaitchuq #2, 3, 5 ................................. Gwydyr Bay ............................................ Iapetus 2 ................................................ Sak River #1 .......................................... VerDate jul<14>2003 18:37 Apr 12, 2005 Jkt 205001 PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 19499 E:\FR\FM\13APN1.SGM 13APN1 Date issued Dec 16, 2004. Dec 16, 2004. Dec 16, 2004. Dec 16, 2004. Dec 16, 2004. Dec 16, 2004. Dec 16, 2004. Dec 22, 2004. Jan 10, 2005. Jan 24, 2005. Jan 28, 2005.

Agencies

[Federal Register Volume 70, Number 70 (Wednesday, April 13, 2005)]
[Notices]
[Pages 19497-19499]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-7444]


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

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 April 1, 2005, the interest rates 
for overpayments will be 5 percent for corporations and 6 percent for 
non-corporations, and the interest rate for underpayments will be 6 
percent. This notice is published for the convenience of the importing 
public and Customs and Border Protection personnel.

DATES: Effective Date: April 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

[[Page 19498]]

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 2005-15, the IRS determined the rates of interest 
for the calendar quarter beginning April 1, 2005, and ending June 30, 
2005. The interest rate paid to the Treasury for underpayments will be 
the Federal short-term rate (3%) plus three percentage points (3%) for 
a total of six percent (6%). For corporate overpayments, the rate is 
the Federal short-term rate (3%) plus two percentage points (2%) for a 
total of five percent (5%). For overpayments made by non-corporations, 
the rate is the Federal short-term rate (3%) plus three percentage 
points (3%) for a total of six percent (6%). These interest rates are 
subject to change for the calendar quarter beginning July 1, 2005, and 
ending September 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
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................................  063005..................               6               6               5
----------------------------------------------------------------------------------------------------------------



[[Page 19499]]

    Dated: April 8, 2005.
Robert C. Bonner,
Commissioner, Customs and Border Protection.
[FR Doc. 05-7444 Filed 4-12-05; 8:45 am]
BILLING CODE 4820-02-P
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