Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 73865-73867 [E7-25315]

Download as PDF Federal Register / Vol. 72, No. 248 / Friday, December 28, 2007 / Notices DEPARTMENT OF HOMELAND SECURITY Transportation Security Administration [Docket No. TSA–2003–14610] Intent To Request Renewal From OMB of One Current Public Collection of Information: Security Threat Assessment for Individuals Applying for a Hazardous Materials Endorsement for a Commercial Drivers License Transportation Security Administration, DHS. ACTION: Notice. AGENCY: SUMMARY: The Transportation Security Administration (TSA) invites public comment on one currently approved information collection requirement, under OMB control number 1652–0027, abstracted below that we will submit to the Office of Management and Budget (OMB) for renewal in compliance with the Paperwork Reduction Act. The collection involves applicant submission of biometric and biographic information for TSA’s security threat assessment in order to obtain the hazardous materials endodrsement (HME) on a commercial drivers license (CDL) issued by the U.S. States and the District of Columbia. DATES: Send your comments by February 26, 2008. ADDRESSES: Comments may be mailed or delivered to Joanna Johnson, Communications Branch, Business Management Office, Operational Process and Technology, TSA–32, Transportation Security Administration, 601 South 12th Street, Arlington, VA 22202–4220. FOR FURTHER INFORMATION CONTACT: Joanna Johnson at the above address, or by telephone (571) 227–3651 or facsimile (703) 603–0822. SUPPLEMENTARY INFORMATION: mstockstill on PROD1PC66 with NOTICES Comments Invited In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid OMB control number. The information collection request (ICR) documentation is available at www.reginfo.gov. Therefore, in preparation for OMB review and approval of the following information collection, TSA is inviting comments to— (1) Evaluate whether the proposed information requirement is necessary for the proper performance of the functions VerDate Aug<31>2005 22:27 Dec 27, 2007 Jkt 214001 of the agency, including whether the information will have practical utility; (2) Evaluate the accuracy of the agency’s estimate of the burden; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) Minimize the burden of the collection of information on those who are to respond, including using appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology. Information Collection Requirement TSA is requesting renewal of the currently approved ICR with minor changes. This collection supports the implementation of section 1012 of the USA PATRIOT Act (Pub. L. 107–56, 115 Stat. 272, 396, Oct. 26, 2001), which mandates that no State or the District of Columbia may issue a hazardous materials endorsement (HME) on a commercial driver’s license (CDL) unless TSA has first determined the driver is not a threat to transportation security. On November 24, 2004, TSA published the final rule in the Federal Register (69 FR 68720), codified at 49 CFR part 1572, that describes the procedures, standards, and eligibility criteria for security threat assessments on individuals seeking to obtain, renew, or transfer HME on a CDL. TSA subsequently amended the rule on January 25, 2007 (72 FR 3492). In order to conduct the security threat assessment, States (or a TSA designated agent in States that elect to have TSA perform the collection of information) must collect information in addition to that already collected for the purpose of HME applications, which will occur once approximately every five years. The driver is required to submit an application that includes personal biographic information (for instance, height, weight, eye and hair color, date of birth); information concerning legal status, mental health defects history, military status, and criminal history; as well as fingerprints. TSA is amending the application to collect minor additional information, such as whether the driver is a new applicant or renewing or transferring the HME, to better understand and forecast driver retention, transfer rate, and drop-rate to help improve customer service, reduce program costs, and provide comparability with other Federal background checks, including Transportation Workers Identification Credential (TWIC). In addition, the rule (49 CFR 1572) requires States to maintain a copy of the driver application for a period of one year. PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 73865 From 2008 through 2010, TSA estimates respondent drivers will spend approximately 3.4 million hours on the application and background check process. TSA estimates an annualized 348,000 respondents will apply for an HME, and that the application and background check process will involve 1.1 million annualized hours. TSA estimates the total costs to respondent drivers will be $92.8 million over the three-year period ($31 million annualized). Issued in Arlington, Virginia, on December 20, 2007. Fran Lozito, Director, Business Management Office, Operational Process and Technology. [FR Doc. 07–6231 Filed 12–27–07; 8:45 am] BILLING CODE 9110–05–M 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 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, 2008, 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. EFFECTIVE DATE: January 1, 2008. 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 E:\FR\FM\28DEN1.SGM 28DEN1 73866 Federal Register / Vol. 72, No. 248 / Friday, December 28, 2007 / Notices 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 2007–68, the IRS determined the rates of interest for the calendar quarter beginning January 1, 2008, and ending March 31, 2008. 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 Beginning date mstockstill on PROD1PC66 with NOTICES 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 010108 VerDate Aug<31>2005 22:27 Dec 27, 2007 Under payments (percent) Ending date ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ Jkt 214001 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 123107 033108 PO 00000 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, 2008, and ending June 30, 2008. 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 00110 Fmt 4703 Sfmt 4703 E:\FR\FM\28DEN1.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 7 8 7 28DEN1 Corporate over payments (Eff.1–1–99) (percent) Over payments (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 7 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 6 7 8 7 6 5 4 3 4 3 4 5 6 7 6 73867 Federal Register / Vol. 72, No. 248 / Friday, December 28, 2007 / Notices Dated: December 21, 2007. Jayson P. Ahern, Acting Commissioner, U.S. Customs and Border Protection. [FR Doc. E7–25315 Filed 12–27–07; 8:45 am] BILLING CODE 9111–14–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5124–N–15] Notice of Submission of Proposed Information Collection to OMB; Requirement for Contractors to Provide Certificates of Insurance for Capital Program Projects Office of the Chief Information Officer, HUD. ACTION: Notice. AGENCY: SUMMARY: The proposed information collection requirement described below will be submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. HUD is requesting renewed approval to require Public Housing Agencies to obtain certificates of insurance from contractors and subcontractors before beginning work under either the development of a new low-income public housing project or the modernization of an existing project. Comments Due Date: February 26, 2008. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2577–0046) and should be sent to: Lillian Deitzer, Reports Management Officer, AYO, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; e-mail Lillian Deitzer at Lillian_L_Deitzer@HUD.gov or telephone (202) 402–2374. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Deitzer at HUD’s Web site at https://www5.hud.gov:63001/po/i/ icbts/collectionsearch.cfm. FOR FURTHER INFORMATION CONTACT: Mary Schulhof, Reports Liaison Officer, PIH, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; e-mail Mary_T_Schulhof@HUD.gov; or telephone (202) 402–4112. This is not a toll-free number. 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 the public and affecting agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection of information is necessary for the proper performance of DATES: the functions of the agency, including whether the information will have practical utility; (2) Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) Minimize the burden of the collection of information on those who are to respond; including through the use of appropriate automated collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. This notice also lists the following information: Title of Proposal: Requirement for Contractors to Provide Certificates of Insurance for Capital Program Projects. OMB Approval Number: 2577–0046. Description of the Need for the Information and Its Proposed Use: Public Housing Agencies must obtain certificates of insurance from contractors and subcontractors before beginning work under either the development of a new low-income public housing project or the modernization of an existing project. The certificates of insurance provide evidence that worker’s compensation and general liability, automobile liability insurance are in force before any construction work is started. Frequency of Submission: On occasion, Other When applicant is offered a unit. Number of respondents Annual responses 3,000 4 Reporting Burden .............................................................................. Total Estimated Burden Hours: 6,000. Status: Extension of a currently approved collection. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. Dated: December 19, 2007. Bessy Kong, Deputy Assistant Secretary for Policy, Program, and Legislative Initiatives. [FR Doc. E7–25139 Filed 12–27–07; 8:45 am] mstockstill on PROD1PC66 with NOTICES BILLING CODE 4210–67–P VerDate Aug<31>2005 22:27 Dec 27, 2007 Jkt 214001 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5117–N–108] Owner Certification with HUD Tenant Eligibility and Rent Procedures Office of the Chief Information Officer, HUD ACTION: Notice. AGENCY: SUMMARY: The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. Collection of tenant data to ensure owners comply with Federal statues and regulation that (1) establish policies on who may be admitted to subsidized PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 × Hours per response 0.5 = Burden hours 6,000 housing; (2) prohibit discrimination in conjunction with selection of tenants and units; (3) specify how tenants’ incomes and rents must be compiled. DATES: Comments Due Date: January 28, 2008. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2502–0204) and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: 202–395–6974. FOR FURTHER INFORMATION CONTACT: Lillian Deitzer, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; email Lillian Deitzer at Lillian_L_Deitzer@HUD.gov or E:\FR\FM\28DEN1.SGM 28DEN1

Agencies

[Federal Register Volume 72, Number 248 (Friday, December 28, 2007)]
[Notices]
[Pages 73865-73867]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-25315]


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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: 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, 2008, 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 DATE: January 1, 2008.

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

[[Page 73866]]

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 2007-68, the IRS determined the rates of interest 
for the calendar quarter beginning January 1, 2008, and ending March 
31, 2008. 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, 2008, and 
ending June 30, 2008.
    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 over
                                                                  Under payments   Over payments     payments
            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................................  123107..................               8               8               7
010108................................  033108..................               7               7               6
----------------------------------------------------------------------------------------------------------------



[[Page 73867]]

    Dated: December 21, 2007.
Jayson P. Ahern,
Acting Commissioner, U.S. Customs and Border Protection.
[FR Doc. E7-25315 Filed 12-27-07; 8:45 am]
BILLING CODE 9111-14-P
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