Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 4524-4525 [E7-1477]
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4524
Federal Register / Vol. 72, No. 20 / Wednesday, January 31, 2007 / Notices
and personal information concerning
individuals associated with the contract
proposals, the disclosure of which
would constitute a clearly unwarranted
invasion of personal privacy.
Name of Committee: National Institutes of
Allergy and Infectious Diseases Special
Emphasis Panel; System Approach to
Immunity and Inflammation.
Date: February 12–13, 2007.
Time: 8 a.m. to 5 p.m.
Agenda: To review and evaluate contract
proposals.
Place: Hyatt Regency Bethesda, One
Bethesda Metro Center, 7400 Wisconsin
Avenue, Bethesda, MD 20814.
Contact Person: Mercy R. Prabhudas, PhD,
Scientific Review Administrator, Scientific
Review Program, Division of Extramural
Activities, NIAID/NIH/DHHS, 6700B
Rockledge Drive, MSC, 7616, Bethesda, MD
20892–7616, 301–451–2615,
mp457n@nih.gov.
This notice is being published less than 15
days prior to the meeting due to the timing
limitations imposed by the review and
funding cycle.
Name of Committee: National Institute of
Allergy and Infectious Diseases Special
Emphasis Panel; Allergen & T-Cell Reagent
Resources for the Study of Allergic Diseases.
Date: February 15–16, 2007.
Time: February 15, 2007, 8:30 a.m. to 6
p.m.
Agenda: To review and evaluate contract
proposals.
Place: Bethesda North Marriott Hotel &
Conference Ctr., 5701 Marinelli Road, North
Bethesda, MD 20852.
Time: February 16, 2007, 8:30 a.m. to 12
p.m.
Agenda: To review and evaluate contract
proposals.
Place: Bethesda North Marriott Hotel &
Conference Ctr., 5701 Marinelli Road, North
Bethesda, MD 20852.
Contact Person: Sujata Vijh, PhD, Scientific
Review Administrator, Scientific Review
Program, Division of Extramural Activities,
NIAID/NIH/DHHS, 6700B Rockledge Drive,
MSC 7616, Bethesda, MD 20892, 301–594–
0985, vijhs@niaid.nih.gov.
This notice is being published less than 15
days prior to the meeting due to the timing
limitations imposed by the review and
funding cycle.
(Catalogue of Federal Domestic Assistance
Program Nos. 93.855, Allergy, Immunology,
and Transplantation Research; 93.856,
Microbiology and Infectious Diseases
Research, National Institutes of Health, HHS)
Dated: January 23, 2007.
David Clary,
Acting Director, Office of Federal Advisory
Committee Policy.
[FR Doc. 07–404 Filed 1–30–07; 8:45 am]
BILLING CODE 4140–01–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 January
1, 2007, the interest rates for
overpayments will remain at 7 percent
for corporations and 8 percent for noncorporations, and the interest rate for
underpayments will remain at 8
percent. This notice is published for the
convenience of the importing public
and Customs and Border Protection
personnel.
EFFECTIVE DATE: January 1, 2007.
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
mstockstill on PROD1PC62 with NOTICES
Beginning date
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VerDate Aug<31>2005
15:08 Jan 30, 2007
Underpayments
(percent)
Ending date
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(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 2006–63, the IRS
determined the rates of interest for the
calendar quarter beginning January 1,
2007, and ending March 31, 2007. The
interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (5%) plus three
percentage points (3%) for a total of
eight percent (8%). For corporate
overpayments, the rate is the Federal
short-term rate (5%) plus two
percentage points (2%) for a total of
seven percent (7%). For overpayments
made by non-corporations, the rate is
the Federal short-term rate (5%) plus
three percentage points (3%) for a total
of eight percent (8%). These interest
rates are subject to change for the
calendar quarter beginning January 1,
2007, and ending March 31, 2007.
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.
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31JAN1
Overpayments
(percent)
Corporate
overpayments
(eff. 1–1–99)
(percent)
6
9
7
6
12
20
16
11
13
11
10
9
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Federal Register / Vol. 72, No. 20 / Wednesday, January 31, 2007 / Notices
Beginning date
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010192
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070194
100194
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040101
070101
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070106
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Dated: January 25, 2007
Deborah J. Spero,
Acting Commissioner, Customs and Border
Protection.
[FR Doc. E7–1477 Filed 1–30–07; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOMELAND
SECURITY
Federal Emergency Management
Agency
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
Federal Emergency
Management Agency, DHS.
ACTION: Notice and request for
comments.
mstockstill on PROD1PC62 with NOTICES
AGENCY:
SUMMARY: The Federal Emergency
Management Agency (FEMA) has
submitted the following information
collection to the Office of Management
and Budget (OMB) for review and
clearance in accordance with the
requirements of the Paperwork
Reduction Act of 1995. The submission
describes the nature of the information
collection, the categories of
respondents, the estimated burden (i.e.,
VerDate Aug<31>2005
15:08 Jan 30, 2007
Underpayments
(percent)
Ending date
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033191
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033192
093092
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033198
123198
033199
033100
033101
063001
123101
123102
093003
033104
063004
093004
033105
093005
063006
033107
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the time, effort and resources used by
respondents to respond) and cost, and
includes the actual data collection
instruments FEMA will use.
Title: Disaster Assistance Registration.
OMB Number: 1660–0002.
Abstract: Disaster Assistance
Registration is a program used to
provide financial assistance and, if
necessary, direct assistance to eligible
individuals and households who, as a
direct result of a major disaster or
emergency, have uninsured or underinsured, necessary expenses and serious
needs and are unable to meet such
expenses or needs through other
financial means.
Affected Public: Individuals and
households, Business or other for-profit,
Not-for-profit institutions, Farms,
Federal Government, and State, Local or
Tribal Government.
Number of Respondents: 1,718,291.
Estimated Time per Respondent: 40
minutes.
Estimated Total Annual Burden
Hours: 394,760.
Frequency of Response: On occasion.
Comments: Interested persons are
invited to submit written comments on
the proposed information collection to
the Office of Information and Regulatory
Affairs, Office of Management Budget,
PO 00000
Frm 00049
Fmt 4703
Sfmt 4703
Overpayments
(percent)
Corporate
overpayments
(eff. 1–1–99)
(percent)
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10
9
10
11
10
9
8
7
6
7
8
9
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Attention: Nathan Lesser, Desk Officer,
Department of Homeland Security/
FEMA, and sent via electronic mail to
oira_submission@omb.eop.gov or faxed
to (202) 395–6974. Comments must be
submitted on or before March 2, 2007.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the information collection
should be made to Chief, Records
Management and Privacy, FEMA, 500 C
Street, SW., Room 609, Washington, DC
20472, facsimile number (202) 646–
3347, or e-mail address FEMAInformation-Collections@dhs.gov.
Dated: January 25, 2007.
John A. Sharetts-Sullivan,
Chief, Records Management and Privacy,
Information Resources Management Branch,
Information Technology Services Division,
Federal Emergency Management Agency,
Department of Homeland Security.
[FR Doc. E7–1499 Filed 1–30–07; 8:45 am]
BILLING CODE 9110–10–P
E:\FR\FM\31JAN1.SGM
31JAN1
]]>Agencies
[Federal Register Volume 72, Number 20 (Wednesday, January 31, 2007)]
[Notices]
[Pages 4524-4525]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-1477]
=======================================================================
-----------------------------------------------------------------------
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, 2007, the interest rates
for overpayments will remain at 7 percent for corporations and 8
percent for non-corporations, and the interest rate for underpayments
will remain at 8 percent. This notice is published for the convenience
of the importing public and Customs and Border Protection personnel.
EFFECTIVE DATE: January 1, 2007.
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, 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 2006-63, the IRS determined the rates of interest
for the calendar quarter beginning January 1, 2007, and ending March
31, 2007. The interest rate paid to the Treasury for underpayments will
be the Federal short-term rate (5%) plus three percentage points (3%)
for a total of eight percent (8%). For corporate overpayments, the rate
is the Federal short-term rate (5%) plus two percentage points (2%) for
a total of seven percent (7%). For overpayments made by non-
corporations, the rate is the Federal short-term rate (5%) plus three
percentage points (3%) for a total of eight percent (8%). These
interest rates are subject to change for the calendar quarter beginning
January 1, 2007, and ending March 31, 2007.
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 ..............
[[Page 4525]]
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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................................ 033107.................. 8 8 7
----------------------------------------------------------------------------------------------------------------
Dated: January 25, 2007
Deborah J. Spero,
Acting Commissioner, Customs and Border Protection.
[FR Doc. E7-1477 Filed 1-30-07; 8:45 am]
BILLING CODE 9111-14-P
