Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 7056-7057 [06-1230]
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7056
Federal Register / Vol. 71, No. 28 / Friday, February 10, 2006 / Notices
Ron
Wyman, Revenue Division, Collection
and Refunds Branch, 6650 Telecom
Drive, Suite #100, Indianapolis, Indiana
46278; telephone (317) 614–4516.
SUPPLEMENTARY INFORMATION:
FOR FURTHER INFORMATION CONTACT:
DEPARTMENT OF HOMELAND
SECURITY
Customs and Border Protection
Bureau
Quarterly IRS Interest Rates Used in
Calculating Interest on Overdue
Accounts and Refunds on Customs
Duties
Background
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, 2006, the interest rates for
overpayments will be 6 percent for
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.
DATES: Effective January 1, 2006.
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
rmajette on PROD1PC67 with NOTICES1
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
Ending
date
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VerDate Aug<31>2005
15:10 Feb 09, 2006
Jkt 208001
PO 00000
Frm 00055
Fmt 4703
Sfmt 4703
first-month period of the previous
quarter.
In Revenue Ruling 2005–78, the IRS
determined the rates of interest for the
calendar quarter beginning January 1,
2006, and ending March 31, 2006. 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 April 1, 2006, and
ending June 30, 2006.
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.
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
E:\FR\FM\10FEN1.SGM
Corporate
overpayments
(Eff. 1–1–99)
(percent)
Over
payments
(percent)
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
10FEN1
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
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6
7
8
7
6
5
4
7057
Federal Register / Vol. 71, No. 28 / Friday, February 10, 2006 / Notices
Beginning
date
100103
040104
070104
100104
040105
100105
Ending
date
.............................................................................................................
.............................................................................................................
.............................................................................................................
.............................................................................................................
.............................................................................................................
.............................................................................................................
Dated: February 7, 2006.
Deborah J. Spero,
Acting Commissioner, Customs and Border
Protection.
[FR Doc. 06–1230 Filed 2–9–06; 8:45 am]
Transportation Security Administration
Drivers Licensed in Canada or Mexico
Transporting Hazardous Materials
Within the United States
Transportation Security
Administration, DHS.
ACTION: Notice.
rmajette on PROD1PC67 with NOTICES1
AGENCY:
SUMMARY: This Notice announces an
extension of the deadline for
implementation of Section 7105 of the
Safe, Accountable, Flexible, Efficient
Transportation Equity Act: A Legacy for
Users. This provision requires operators
of commercial motor vehicles registered
to operate in Canada or Mexico who
transport placarded loads of hazardous
materials or any quantity of a material
listed as a select agent or toxin in 42
CFR part 73 within the United States to
undergo a background check similar to
that required for U.S. operators with a
hazardous materials endorsement. The
Transportation Security Administration
is extending the implementation
deadline for the requirements under
Section 7105 from February 10, 2006 to
August 10, 2006, unless the
Transportation Security Administration
issues a Notice or other regulatory
action before that date with an earlier
date for implementing the requirements
under the statute.
DATES: Effective upon publication in the
Federal Register.
FOR FURTHER INFORMATION CONTACT: Mr.
Stephen Sadler, Director, Maritime and
Surface Credentialing, Office of
Transportation Threat Assessment and
Credentialing, TSA–19, Transportation
Security Administration, 601 South
12th Street, Arlington, VA 22202–4220;
telephone (571) 227–2492; facsimile
15:10 Feb 09, 2006
Jkt 208001
Issued in Arlington, Virginia, on February
6, 2006.
Kip Hawley,
Assistant Secretary.
[FR Doc. 06–1247 Filed 2–7–06; 1:47 pm]
BILLING CODE 4910–62–M
1 Pub. L. 109–59, August 10, 2005, sec. 7105,
codified at 49 U.S.C. 5103a(h).
Frm 00056
Fmt 4703
Sfmt 4703
4
5
4
5
6
7
4
5
4
5
6
7
3
4
3
4
5
6
Bureau of Land Management
On August
10, 2005, the Safe, Accountable,
Flexible, Efficient Transportation Equity
Act: A Legacy for Users (SAFETEA–
LU) 1 was enacted. Section 7105 of the
SAFETEA–LU provides that a
commercial motor vehicle operator
registered to operate in Canada or
Mexico shall not operate a commercial
motor vehicle transporting hazardous
materials in commerce in the United
States until the operator has undergone
a background records check similar to
that required of commercial motor
vehicle operators licensed in the United
States to transport hazardous materials
in commerce. This requirement becomes
effective 6 months after enactment of
the SAFETEA–LU, which would be
February 10, 2006. However, the statute
also gives TSA the discretion to extend
the implementation date an additional
six months if necessary. This Notice
announces TSA’s decision to extend the
implementation date until such time as
TSA issues a separate notice or
regulatory action to implement the
SAFETEA–LU requirements, but no
later than August 10, 2006.
Accordingly, the effective date of
section 7105 of the Safe, Accountable,
Flexible, Efficient Transportation Equity
Act: A Legacy for Users (SAFETEA–LU)
is extended to August 10, 2006, unless
TSA issues a Notice or other regulatory
action before that date with an earlier
date for implementing the requirements
under the statute.
PO 00000
Corporate
overpayments
(Eff. 1–1–99)
(percent)
Over
payments
(percent)
DEPARTMENT OF THE INTERIOR
SUPPLEMENTARY INFORMATION:
DEPARTMENT OF HOMELAND
SECURITY
VerDate Aug<31>2005
033104
063004
093004
033105
093005
033106
(703) 603–0409; e-mail
stephen.sadler@dhs.gov.
BILLING CODE 9111–14–P
Under
payments
(percent)
[ES–020–06–1320–EL]
Notice of Availability of the
Environmental Assessment and Public
Hearing for Coal Lease by Application
KYES–50213
Bureau of Land Management,
Interior.
ACTION: Notice of availability of the Chas
Coal LLC lease by application KYES–
50213 environmental assessment and
Federal coal notice of public hearing,
and request for Environmental
Assessment, Maximum Economic
Recovery, and Fair Market Value
comments.
AGENCY:
SUMMARY: The Bureau of Land
Management, Eastern States Office,
Springfield, Virginia, hereby gives
notice that an Environmental
Assessment (EA) is available and a
public hearing will be held to lease
Federal coal pursuant to 43 Code of
Federal Regulations (CFR) 3425.4. The
EA analyzes and discloses direct,
indirect, and cumulative environmental
impacts of issuing competitively a
Federal coal lease for 314.53 acres in the
Daniel Boone National Forest (DBNF)
Clay County, Kentucky. The purpose of
the public hearing is to solicit
comments from the public on (1) The
proposal to issue a Federal coal lease;
(2) the proposed competitive lease sale;
(3) the Fair Market Value (FMV) of the
Federal coal; and (4) Maximum
Economic Recovery (MER) of the
Federal coal included in the tracts.
DATES: Written comments must be postmarked by March 13, 2006 and provided
to the BLM Jackson Field Office (listed
below). The public hearing will be held
at the Clay County Public Library on
February 27, 2006 at 6 pm.
ADDRESSES: Written comments should
be addressed to the Bureau of Land
Management, Jackson Field Office, 411
Briarwood, Suite 404, Jackson, MS
39206 where copies of the EA are
available upon request or for inspection.
The public hearing will be held on
E:\FR\FM\10FEN1.SGM
10FEN1
]]>Agencies
[Federal Register Volume 71, Number 28 (Friday, February 10, 2006)]
[NO]
[Pages 7056-7057]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-1230]
[[Page 7056]]
-----------------------------------------------------------------------
DEPARTMENT OF HOMELAND SECURITY
Customs and Border Protection Bureau
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, 2006, 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.
DATES: Effective January 1, 2006.
FOR FURTHER INFORMATION CONTACT: Ron Wyman, Revenue Division,
Collection and Refunds Branch, 6650 Telecom Drive, Suite 100,
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 2005-78, the IRS determined the rates of interest
for the calendar quarter beginning January 1, 2006, and ending March
31, 2006. 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 April 1, 2006, and
ending June 30, 2006.
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
Under Over payments overpayments
Beginning date Ending date payments (percent) (Eff. 1-1-99)
(percent) (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
[[Page 7057]]
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.......................................... 033106 7 7 6
----------------------------------------------------------------------------------------------------------------
Dated: February 7, 2006.
Deborah J. Spero,
Acting Commissioner, Customs and Border Protection.
[FR Doc. 06-1230 Filed 2-9-06; 8:45 am]
BILLING CODE 9111-14-P
