Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 48093-48094 [E9-22614]

Download as PDF 48093 Federal Register / Vol. 74, No. 181 / Monday, September 21, 2009 / Notices OMB Number: 1651–0014. Form Number: Form 3299. Abstract: The Declaration for Free Entry of Unaccompanied Articles, Form 3299, is prepared by individuals or a broker acting as an agent for the individual, or in some cases, the CBP officer. This Form allows individuals to claim duty-free entry of personal and household effects that do not accompany the individual upon his or her arrival in the United States. Current Actions: CBP is proposing to increase the burden hours associated with this collection of information as a result of increasing the estimated time per response from 10 minutes to 45 minutes for Form 3299. Type of Review: Extension (with change). Affected Public: Individuals, Businesses. Estimated Number of Respondents: 150,000. Estimated Number of Annual Responses per Respondent: 1. Estimated Total Annual Responses: 150,000. Estimated Time per Response: 45 minutes. Estimated Total Annual Burden Hours: 112,500. Dated: September 16, 2009. Tracey Denning, Agency Clearance Officer, Customs and Border Protection. [FR Doc. E9–22679 Filed 9–18–09; 8:45 am] BILLING CODE 9111–14–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 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, 2009, the interest rates for overpayments will be 3 percent for corporations and 4 percent for noncorporations, and the interest rate for underpayments will be 4 percent. This notice is published for the convenience of the importing public and Customs and Border Protection personnel. DATES: Effective Date: October 1, 2009. 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 Ending date mstockstill on DSKH9S0YB1PROD with NOTICES Beginning date 070174 070175 020176 020178 020180 020182 010183 070183 010185 070185 010186 070186 010187 100187 010188 040188 100188 040189 100189 040191 ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. VerDate Nov<24>2008 17:24 Sep 18, 2009 Jkt 217001 PO 00000 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 2009–27, the IRS determined the rates of interest for the calendar quarter beginning October 1, 2009, and ending on December 31, 2009. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (1%) plus three percentage points (3%) for a total of four percent (4%). For corporate overpayments, the rate is the Federal short-term rate (1%) plus two percentage points (2%) for a total of three percent (3%). For overpayments made by non-corporations, the rate is the Federal short-term rate (1%) plus three percentage points (3%) for a total of four percent (4%). These interest rates are subject to change for the calendar quarter beginning January 1, 2010, and ending March 31, 2010. 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 00043 Fmt 4703 Sfmt 4703 Under-payments (percent) Over-payments (percent) 6 9 7 6 12 20 16 11 13 11 10 9 9 10 11 10 11 12 11 10 6 9 7 6 12 20 16 11 13 11 10 9 8 9 10 9 10 11 10 9 063075 013176 013178 013180 013182 123182 063083 123184 063085 123185 063086 123186 093087 123187 033188 093088 033189 093089 033191 123191 E:\FR\FM\21SEN1.SGM 21SEN1 Corporate overpayments (Eff. 1–1–99) (percent) 48094 Federal Register / Vol. 74, No. 181 / Monday, September 21, 2009 / Notices 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 040108 070108 100108 010109 040109 ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. ............................................................................................................................. Dated: September 16, 2009. Jayson P. Ahern, Acting Commissioner, U.S. Customs and Border Protection. [FR Doc. E9–22614 Filed 9–18–09; 8:45 am] BILLING CODE 9111–14–P DEPARTMENT OF HOMELAND SECURITY U.S. Customs and Border Protection U.S. Customs and Border Protection Trade Symposium 2009: ‘‘10 Year Anniversary: A Decade of Progress in Partnership’’ AGENCY: Customs and Border Protection, DHS. mstockstill on DSKH9S0YB1PROD with NOTICES ACTION: Notice of Trade Symposium. SUMMARY: This document announces that U.S. Customs and Border Protection (CBP) will convene its annual trade symposium, featuring panel discussions involving agency personnel, members of the trade community and other government agencies, on the agency’s role in international trade initiatives and programs. This year marks our tenth year hosting a trade symposium. Members of the international trade and transportation communities and other VerDate Nov<24>2008 17:24 Sep 18, 2009 Jkt 217001 Frm 00044 Fmt 4703 Sfmt 4703 Over-payments (percent) Corporate overpayments (Eff. 1–1–99) (percent) 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 6 5 6 5 4 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 5 6 5 4 6 7 8 7 6 5 4 3 4 3 4 5 6 7 6 5 4 5 4 3 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 063008 093008 123108 033109 123109 interested parties are encouraged to attend. DATES: Tuesday, December 8, 2009 (opening remarks and panel discussions beginning at 1 p.m. and open forum with senior management (6 p.m.–8 p.m.)). Wednesday, December 9, 2009 (panel discussions—8 a.m.–5 p.m.). Thursday, December 10, 2009 (panel discussions ending by 1 p.m.). ADDRESSES: The CBP Trade Symposium will be held in a ballroom at the Walter E. Washington Convention Center, 801 Mount Vernon Place, NW., Washington, DC 20001. Upon entry into the building, check with the security guards for directions to the specific ballroom. FOR FURTHER INFORMATION CONTACT: The Office of Trade Relations at (202) 344– 1440, or at tradeevents@dhs.gov. To obtain the latest information on the Symposium and to register on-line, visit the CBP Web site at http://www.cbp.gov. Requests for special needs should be sent to the Office of Trade Relations at tradeevents@dhs.gov. SUPPLEMENTARY INFORMATION: On November 30, 2000, the U.S. Customs Service (now CBP) convened its first major trade symposium to discuss the agency’s programs, strategic plans, and its mission for trade in the 21st century. This year marks our tenth year hosting a trade symposium. The agenda for the PO 00000 Under-payments (percent) Ending date Beginning date 2009 CBP Trade Symposium and the keynote speaker will be announced at a later date on the CBP Web site. The cost is $290.00 per person, and includes all Symposium activities. Interested parties are requested to register early, as space is limited. Registration will open to the public on or about October 1, 2009. All registrations must be made on-line at the CBP Web site (http://www.cbp.gov) and payment will only be accepted by credit card. Consideration will be given, in a first come, first served order, based on space availability. Due to the overwhelming interest to attend the Symposium, each company is requested to limit their company’s registrations to three participants, in order to afford equal representation from all members of the international trade community. If a company exceeds the limitation, any additional names submitted for registration will automatically be placed on the waiting list. Hotel accommodations have been reserved at the Grand Hyatt Washington, 1000 H Street, NW., Washington, DC. A block of rooms have been reserved for Monday through Thursday, December 7–10, 2009, at the rate of U.S. $214.00 per night. Reservations must be made directly with the hotel by November 9th on-line at https://resweb.passkey.com/ E:\FR\FM\21SEN1.SGM 21SEN1

Agencies

[Federal Register Volume 74, Number 181 (Monday, September 21, 2009)]
[Notices]
[Pages 48093-48094]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-22614]


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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.

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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, 2009, the interest rates 
for overpayments will be 3 percent for corporations and 4 percent for 
non-corporations, and the interest rate for underpayments will be 4 
percent. This notice is published for the convenience of the importing 
public and Customs and Border Protection personnel.

DATES: Effective Date: October 1, 2009.

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 2009-27, the IRS determined the rates of interest 
for the calendar quarter beginning October 1, 2009, and ending on 
December 31, 2009. The interest rate paid to the Treasury for 
underpayments will be the Federal short-term rate (1%) plus three 
percentage points (3%) for a total of four percent (4%). For corporate 
overpayments, the rate is the Federal short-term rate (1%) plus two 
percentage points (2%) for a total of three percent (3%). For 
overpayments made by non-corporations, the rate is the Federal short-
term rate (1%) plus three percentage points (3%) for a total of four 
percent (4%). These interest rates are subject to change for the 
calendar quarter beginning January 1, 2010, and ending March 31, 2010.
    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
                                                               Ending      Under-       Over-      overpayments
                       Beginning date                           date      payments    payments    (Eff. 1-1-99)
                                                                          (percent)   (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  ...............

[[Page 48094]]

 
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
040108.....................................................      063008           6           6                5
070108.....................................................      093008           5           5                4
100108.....................................................      123108           6           6                5
010109.....................................................      033109           5           5                4
040109.....................................................      123109           4           4                3
----------------------------------------------------------------------------------------------------------------


    Dated: September 16, 2009.
Jayson P. Ahern,
Acting Commissioner, U.S. Customs and Border Protection.
[FR Doc. E9-22614 Filed 9-18-09; 8:45 am]
BILLING CODE 9111-14-P