Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 43656-43657 [E7-15154]
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43656
Federal Register / Vol. 72, No. 150 / Monday, August 6, 2007 / Notices
additional screening by CBP may submit
a redress request through TRIP. TRIP is
a single point of contact for individuals
who have inquiries or seek resolution
regarding difficulties they experienced
during their travel screening at
transportation hubs—like airports and
train stations or crossing U.S. borders.
Through TRIP, a traveler can request
correction of erroneous PNR data stored
in ATS–P and other data stored in other
DHS databases through one application.
Additionally, for further information on
ATS and the redress options please see
the accompanying PIA for ATS
published on the DHS website at
www.dhs.gov/privacy. Redress requests
should be sent to: DHS Traveler Redress
Inquiry Program (TRIP), 601 South 12th
Street, TSA–901, Arlington, VA 22202–
4220 or online at https://www.dhs.gov/
trip and at https://www.dhs.gov.
Additionally, a traveler may seek
redress from CBP at the time of the
border crossing.
CONTESTING RECORD PROCEDURES:
Individuals may seek redress and/or
contest a record through several
different means, all of which will be
handled in the same fashion. If the
individual is aware the information is
specifically handled by CBP, requests
may be sent directly to CBP at the FOIA/
PA Unit, Office of Field Operations,
U.S. Customs and Border Protection,
Room 5.5–C, 1300 Pennsylvania
Avenue, NW., Washington, DC 20229
(phone: (202) 344–1850 and fax: (202)
344–2791). If the individual is uncertain
what agency is responsible for
maintaining the information, redress
requests may be sent to DHS TRIP at
DHS Traveler Redress Inquiry Program
(TRIP), 601 South 12th Street, TSA–901,
Arlington, VA 22202–4220 or online at
https://www.dhs.gov/trip.
sroberts on PROD1PC70 with NOTICES
RECORD SOURCE CATEGORIES:
The system contains information
derived from other law enforcement
systems operated by DHS and federal,
state, local, tribal, or foreign government
agencies, which collected the
underlying data from individuals and
public entities directly.
The system also contains information
collected from carriers that operate
vessels, vehicles, aircraft, and/or trains
that enter or exit the United States. In
addition, the cargo modules (ATSInbound and Outbound) employ
information collected from third party
data aggregators.
VerDate Aug<31>2005
19:38 Aug 03, 2007
Jkt 211001
EXEMPTIONS CLAIMED FOR THE SYSTEM:
Pursuant to 6 CFR Part 5, Appendix
C, certain records and information in
this system are exempt from 5 U.S.C.
552a(c)(3) and (4); (d)(1), (2), (3), and
(4); (e)(1), (2), (3), (4)(G) through (I),
(e)(5), and (8); (f), and (g) of the Privacy
Act pursuant to 5 U.S.C. 552a(j)(2) and
(k)(2)). With respect to ATS–P module,
exempt records are the risk assessment
analyses and business confidential
information received in the PNR from
the air and vessel carriers. No
exemption shall be asserted regarding
PNR data about the requester, obtained
from either the requester or by a booking
agent, brokers, or another person on the
requester’s behalf. This information,
upon request, may be provided to the
requester in the form in which it was
collected from the respective carrier, but
may not include certain business
confidential information of the air
carrier that is also contained in the
record. For other ATS modules the only
information maintained in ATS is the
risk assessment analyses and a pointer
to the data from the source system of
records.
Dated: July 31, 2007.
Hugo Teufel III,
Chief Privacy Officer.
[FR Doc. E7–15197 Filed 8–1–07; 11:51 am]
BILLING CODE 4410–10–P
DEPARTMENT OF HOMELAND
SECURITY
U.S. Customs and Border Protection
Quarterly IRS Interest Rates Used in
Calculating Interest on Overdue
Accounts and Refunds on Customs
Duties
U.S. 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 July 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
PO 00000
Frm 00066
Fmt 4703
Sfmt 4703
importing public and U.S. Customs and
Border Protection personnel.
DATES: Effective Date: July 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. 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 2007–39, the IRS
determined the rates of interest for the
calendar quarter beginning July 1, 2007,
and ending September 30, 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 October 1,
2007, and ending December 31, 2007.
For the convenience of the importing
public and U.S. 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\06AUN1.SGM
06AUN1
43657
Federal Register / Vol. 72, No. 150 / Monday, August 6, 2007 / Notices
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
100105
070106
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Dated: July 31, 2007.
Deborah J. Spero,
Acting Commissioner, U.S. Customs and
Border Protection.
[FR Doc. E7–15154 Filed 8–3–07; 8:45 am]
BILLING CODE 9111–14–P
sroberts on PROD1PC70 with NOTICES
Ending date
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
063006
093007
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5067–N–03]
Extension of HUD’s Implementation
Guidance for Section 901 of the
Emergency Supplemental
Appropriations To Address Hurricanes
in the Gulf of Mexico, and Pandemic
Influenza Act, 2006, as Revised by
Section 4803 of the U.S. Troop
Readiness, Veterans’ Care, Katrina
Recovery, and Iraq Accountability
Appropriations Act, 2007 To Include
Calendar 2007 Program Funds
Office of the Assistant
Secretary for Public and Indian
Housing, HUD.
AGENCY:
ACTION:
VerDate Aug<31>2005
19:38 Aug 03, 2007
Jkt 211001
PO 00000
Notice.
Frm 00067
Fmt 4703
Sfmt 4703
Underpayments
(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
4
5
4
5
6
7
8
Overpayments
(percent)
Corporate
overpayments
(Eff. 1–1–99)
(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
7
8
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........................
........................
........................
........................
........................
6
7
8
7
6
5
4
3
4
3
4
5
6
7
SUMMARY: This notice supplements two
earlier notices published in the Federal
Register that provided guidance to
public housing agencies (PHAs) on
implementing the authority provided to
HUD by section 901 of the ‘‘Emergency
Supplemental Appropriations to
Address Hurricanes in the Gulf of
Mexico and Pandemic Influenza Act,
2006’’ (Pub. L. 109–148, December 30,
2005) to allow PHAs to combine
operating and capital funds and use
flexibly and efficiently to facilitate
disaster recovery in the States of
Louisiana and Mississippi. Such
authority was provided for calendar
year 2006. This notice advises of the
extension of such authority through
calendar year 2007 by section 4803 of
the U.S. Troop Readiness, Veterans’
Care, Katrina Recovery, and Iraq
E:\FR\FM\06AUN1.SGM
06AUN1
]]>Agencies
[Federal Register Volume 72, Number 150 (Monday, August 6, 2007)]
[Notices]
[Pages 43656-43657]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-15154]
-----------------------------------------------------------------------
DEPARTMENT OF HOMELAND SECURITY
U.S. Customs and Border Protection
Quarterly IRS Interest Rates Used in Calculating Interest on
Overdue Accounts and Refunds on Customs Duties
AGENCY: U.S. 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 July 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 U.S. Customs and Border Protection personnel.
DATES: Effective Date: July 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. 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 2007-39, the IRS determined the rates of interest
for the calendar quarter beginning July 1, 2007, and ending September
30, 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
October 1, 2007, and ending December 31, 2007.
For the convenience of the importing public and U.S. 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 43657]]
----------------------------------------------------------------------------------------------------------------
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.......................................... 093005 6 6 5
100105.......................................... 063006 7 7 6
070106.......................................... 093007 8 8 7
----------------------------------------------------------------------------------------------------------------
Dated: July 31, 2007.
Deborah J. Spero,
Acting Commissioner, U.S. Customs and Border Protection.
[FR Doc. E7-15154 Filed 8-3-07; 8:45 am]
BILLING CODE 9111-14-P
