Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 60362-60363 [05-20649]

Download as PDF 60362 Federal Register / Vol. 70, No. 199 / Monday, October 17, 2005 / Notices The IHS Area Offices carry out the mission of the IHS by providing a system of health care unique to the Area population. alcoholism and substance abuse, and health education; Health Programs—Primary care, clinical activities, mental health, nursing services, health promotion, disease prevention, professional recruitment, community services, and the Joint Commission on Accreditation of Healthcare Organizations; Environmental Health/Sanitation Facilities Programs—Environmental health and engineering/sanitation facilities construction programs; and Information Resources Management Programs—Automated data processing (ADP), ADP planning and operations, management information systems, office automation systems, and voice/data telecommunications management. Section GF–10, Indian Health Service Area Offices—Organization Section GF–30, Indian Health Service Area Offices—Order of Succession An Area Office is a second echelon organization under the direction of an Area Director, who reports to the IHS Director. The following are the Area Offices of the IHS: Aberdeen Area Office (GFA); Alaska Area Office (GFB); Albuquerque Area Office (GFC); Bemidji Area Office (GFE); Billings Area Office (GFF); California Area Office (GFG); Nashville Area Office (GFH); Navajo Area Office (GFJ); Oklahoma City Area Office (GFK); Phoenix Area Office (GFL); Portland Area Office (GFM); and Tucson Area Office (GFN). The order of succession for Area Directors at the IHS Area Offices is determined by each Area Director and continues in effect until changed. (4) Chief Medical Officer Section GA–40, Indian Health Service— Delegations of Authority All delegations of authority and redelegations of authority made to IHS officials that were in effect immediately prior to this reorganization, and that are consistent with this reorganization, shall continue in effect pending further re-delegation. Chapter GF—IHS Area Offices Section GF–00, Indian Health Service Area Offices—Mission Section GF–20, Indian Health Service Area Offices—Functions The specific functions of the IHS Area Offices vary, however, each Area Office includes functions organized to support major categories of administrative management and clinical activities. Examples include: Administration and Management— Financial management, administrative and office services, contract/grant administration, procurement, personnel management, facilities management, management information systems, contract health services, and equal employment opportunity; Program Planning, Analysis and Evaluation Programs—Program planning, statistical analysis, legislative initiatives, research and evaluation, health records, management information systems, and patient registration/third party collection; Tribal Activity Programs—Provision of Pub. L. 93–638, Indian SelfDetermination and Education Assistance Act, health services delivery, community health representative services, Urban Indian health, VerDate Aug<31>2005 15:43 Oct 14, 2005 Jkt 208001 Section GF–40, Indian Health Service Area Offices—Delegations of Authority All delegations and re-delegations of authority made to officials in the IHS Area Offices that were in effect immediately prior to this reorganization, and that are consistent with this reorganization, shall continue in effect pending further re-delegation. This reorganization shall be effective on October 17, 2005. Dated: October 5, 2005. Robert G. McSwain, Deputy Director, Indian Health Service. [FR Doc. 05–20584 Filed 10–14–05; 8:45 am] BILLING CODE 4165–16–M 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 October 1, 2005, the interest rates for overpayments will be 6 percent for PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 corporations and 7 percent for noncorporations, and the interest rate for underpayments will be 7 percent. This notice is published for the convenience of the importing public and Customs and Border Protection personnel. EFFECTIVE DATES: October 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, Pub. L. 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 2005–62, the IRS determined the rates of interest for the calendar quarter beginning October 1, 2005, and ending December 31, 2005. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (4%) plus three percentage points (3%) for a total of seven percent (7%). For corporate overpayments, the rate is the Federal short-term rate (4%) plus two percentage points (2%) for a total of six percent (6%). For overpayments made by non-corporations, the rate is the Federal short-term rate (4%) plus three percentage points (3%) for a total of seven percent (7%). These interest rates are subject to change for the calendar quarter beginning January 1, 2005, and ending March 31, 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. E:\FR\FM\17OCN1.SGM 17OCN1 Federal Register / Vol. 70, No. 199 / Monday, October 17, 2005 / Notices Beginning date Ending 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 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 123105 Dated: October 11, 2005. Robert C. Bonner, Commissioner, Customs and Border Protection. [FR Doc. 05–20649 Filed 10–14–05; 8:45 am] BILLING CODE 9110–06–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–4971–N–53] Notice of Submission of Proposed Information Collection to OMB; Construction Complaint-Request for Financial Assistance SUMMARY: The proposed information collection requirement described below has been submitted to the Office of Jkt 208001 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 Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. The information collection is submitted by homeowners and is used by HUD to identify the items of complaint in order to help the homeowner obtain correction. The information is also used to identify builders not conforming to applicable standards and to determine eligibility for financial assistance. Comments Due Date: November 16, 2005. Office of the Chief Information Officer, HUD. ACTION: Notice. 18:16 Oct 14, 2005 Overpayments (percent) DATES: AGENCY: VerDate Aug<31>2005 Underpayments (percent) Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval number (2502–0047) and should be sent to: HUD Desk Officer, Office of Management and Budget, New ADDRESSES: PO 00000 Frm 00092 Fmt 4703 Sfmt 4703 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 60363 Corporate overpayments (Eff. 1–1–99) (percent) 6 7 8 7 6 5 4 3 4 3 4 5 6 Executive Office Building, Washington, DC 20503; fax: 202–395–6974. FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management Officer, AYO, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; email Wayne_Eddins@HUD.gov; or Lillian Deitzer at Lillian_L_Deitzer@HUD.gov or telephone (202) 708–2374. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Mr. Eddins or Ms Deitzer or from HUD’s Web site at http:// hlannwp031.hud.gov/po/i/icbts/ collectionsearch.cfm. SUPPLEMENTARY INFORMATION: This notice informs the public that the Department of Housing and Urban Development has submitted to OMB a request for approval of the information collection described below. This notice is soliciting comments from members of E:\FR\FM\17OCN1.SGM 17OCN1

Agencies

[Federal Register Volume 70, Number 199 (Monday, October 17, 2005)]
[Notices]
[Pages 60362-60363]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-20649]


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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 October 1, 2005, the interest rates 
for overpayments will be 6 percent for corporations and 7 percent for 
non-corporations, and the interest rate for underpayments will be 7 
percent. This notice is published for the convenience of the importing 
public and Customs and Border Protection personnel.

EFFECTIVE DATES: October 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, Pub. L. 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 2005-62, the IRS determined the rates of interest 
for the calendar quarter beginning October 1, 2005, and ending December 
31, 2005. The interest rate paid to the Treasury for underpayments will 
be the Federal short-term rate (4%) plus three percentage points (3%) 
for a total of seven percent (7%). For corporate overpayments, the rate 
is the Federal short-term rate (4%) plus two percentage points (2%) for 
a total of six percent (6%). For overpayments made by non-corporations, 
the rate is the Federal short-term rate (4%) plus three percentage 
points (3%) for a total of seven percent (7%). These interest rates are 
subject to change for the calendar quarter beginning January 1, 2005, 
and ending March 31, 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.

[[Page 60363]]



------------------------------------------------------------------------
                                                             Corporate
  Beginning     Ending    Underpayments    Overpayments    overpayments
    date         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      123105             7                7               6
------------------------------------------------------------------------


    Dated: October 11, 2005.
Robert C. Bonner,
Commissioner, Customs and Border Protection.
[FR Doc. 05-20649 Filed 10-14-05; 8:45 am]
BILLING CODE 9110-06-P