Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 2404-2405 [2011-676]
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Federal Register / Vol. 76, No. 9 / Thursday, January 13, 2011 / Notices
Direct all written comments
to U.S. Customs and Border Protection,
Attn: Tracey Denning, Regulations and
Rulings, Office of International Trade,
799 9th Street, NW., 5th Floor,
Washington, DC 20229–1177.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information
should be directed to Tracey Denning,
U.S. Customs and Border Protection,
Regulations and Rulings, Office of
International Trade, 799 9th Street,
NW., 5th Floor, Washington, DC 20229–
1177, at 202–325–0265.
SUPPLEMENTARY INFORMATION: CBP
invites the general public and other
Federal agencies to comment on
proposed and/or continuing information
collections pursuant to the Paperwork
Reduction Act of 1995 (Pub. L. 104–13).
The comments should address: (a)
Whether the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information shall have
practical utility; (b) the accuracy of the
agency’s estimates of the burden of the
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be collected; (d)
ways to minimize the burden including
the use of automated collection
techniques or the use of other forms of
information technology; and (e) the
annual costs burden to respondents or
record keepers from the collection of
information (a total capital/startup costs
and operations and maintenance costs).
The comments that are submitted will
be summarized and included in the CBP
request for Office of Management and
Budget (OMB) approval. All comments
will become a matter of public record.
In this document CBP is soliciting
comments concerning the following
information collection:
Title: Ship’s Stores Declaration.
OMB Number: 1651–0018.
Form Number: CBP Form 1303.
Abstract: CBP Form 1303, Ship’s
Stores Declaration, is used by the
carriers to declare articles to be retained
on board the vessel, such as sea stores,
ship’s stores, controlled narcotic drugs,
bunker coal, or bunker oil in a format
that can be readily audited and checked
by CBP. The form was developed as a
single international standard ship’s
stores declaration form to replace the
different forms used by various
countries for the entrance and clearance
of vessels. CBP Form 1303 collects
srobinson on DSKHWCL6B1PROD with NOTICES
ADDRESSES:
VerDate Mar<15>2010
16:15 Jan 12, 2011
Jkt 223001
information about the ship, the ports of
arrival and departure, and the articles
on the ship. It is pursuant to the
provisions of section 432, Tariff Act of
1930 and provided for by 19 CFR 4.7,
4.7a, 4.81, 4.85, and 4.87. This form is
accessible at https://forms.cbp.gov/pdf/
CBP_Form_1303.pdf.
Current Actions: CBP proposes to
extend the expiration date of this
information collection with no change
to the burden hours or to the
information being collected.
Type of Review: Extension (without
change).
Affected Public: Businesses.
Estimated Number of Respondents:
8,000.
Estimated Number of Responses per
Respondent: 13.
Estimated Number of Total Annual
Responses: 104,000.
Estimated Total Annual Burden
Hours: 26,000.
Dated: January 10, 2010.
Tracey Denning,
Agency Clearance Officer, U.S. Customs and
Border Protection.
[FR Doc. 2011–673 Filed 1–12–11; 8:45 am]
BILLING CODE 9111–14–P
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:
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, 2011, the interest rates for
overpayments will be 2 percent for
corporations and 3 percent for noncorporations, and the interest rate for
underpayments will be 3 percent. This
notice is published for the convenience
of the importing public and Customs
and Border Protection personnel.
DATES: Effective Date: January 1, 2011.
SUMMARY:
PO 00000
Frm 00077
Fmt 4703
Sfmt 4703
Ron
Wyman, Revenue Division, Collection
and Refunds Branch, 6650 Telecom
Drive, Suite #100, Indianapolis, Indiana
46278; telephone (317) 614–4516.
FOR FURTHER INFORMATION CONTACT:
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 2010–31, the IRS
determined the rates of interest for the
calendar quarter beginning January 1,
2011, and ending on March 31, 2011.
The interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (1%) plus two
percentage points (2%) for a total of
three percent (3%). For corporate
overpayments, the rate is the Federal
short-term rate (1%) plus one
percentage point (1%) for a total of two
percent (2%). For overpayments made
by non-corporations, the rate is the
Federal short-term rate (1%) plus two
percentage points (2%) for a total of
three percent (3%). These interest rates
are subject to change for the calendar
quarter beginning April 1, 2011, and
ending June 30, 2011.
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.
E:\FR\FM\13JAN1.SGM
13JAN1
2405
Federal Register / Vol. 76, No. 9 / Thursday, January 13, 2011 / Notices
Ending date
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
010108
040108
070108
100108
010109
040109
010111
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
033104
063004
093004
033105
093005
063006
123107
033108
063008
093008
123108
033109
123110
033111
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
6
5
6
5
4
3
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Dated: January 7, 2011.
Alan Bersin,
Commissioner, U.S. Customs and Border
Protection.
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR 5481–N–01]
srobinson on DSKHWCL6B1PROD with NOTICES
[FR Doc. 2011–676 Filed 1–12–11; 8:45 am]
Notice of Proposed Information
Collection: Brownfield Economic
Development Initiative (BEDI)
BILLING CODE 9111–14–P
Office of the Assistant
Secretary for Community Planning and
Development, HUD.
AGENCY:
ACTION:
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16:15 Jan 12, 2011
Jkt 223001
PO 00000
Notice.
Frm 00078
Fmt 4703
Sfmt 4703
Over-payments
(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
7
6
5
6
5
4
3
6
7
8
7
6
5
4
3
4
3
4
5
6
7
6
5
4
5
4
3
2
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.
SUMMARY:
DATES:
Comments Due Date: March 14,
2011.
Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
ADDRESSES:
E:\FR\FM\13JAN1.SGM
13JAN1
]]>Agencies
[Federal Register Volume 76, Number 9 (Thursday, January 13, 2011)]
[Notices]
[Pages 2404-2405]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-676]
-----------------------------------------------------------------------
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, 2011, the interest rates
for overpayments will be 2 percent for corporations and 3 percent for
non-corporations, and the interest rate for underpayments will be 3
percent. This notice is published for the convenience of the importing
public and Customs and Border Protection personnel.
DATES: Effective Date: January 1, 2011.
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 2010-31, the IRS determined the rates of interest
for the calendar quarter beginning January 1, 2011, and ending on March
31, 2011. The interest rate paid to the Treasury for underpayments will
be the Federal short-term rate (1%) plus two percentage points (2%) for
a total of three percent (3%). For corporate overpayments, the rate is
the Federal short-term rate (1%) plus one percentage point (1%) for a
total of two percent (2%). For overpayments made by non-corporations,
the rate is the Federal short-term rate (1%) plus two percentage points
(2%) for a total of three percent (3%). These interest rates are
subject to change for the calendar quarter beginning April 1, 2011, and
ending June 30, 2011.
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.
[[Page 2405]]
----------------------------------------------------------------------------------------------------------------
Corporate
Under- Over- overpayments
Beginning date Ending date payments payments (eff. 1-1-
(percent) (percent) 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
040108..................................................... 063008 6 6 5
070108..................................................... 093008 5 5 4
100108..................................................... 123108 6 6 5
010109..................................................... 033109 5 5 4
040109..................................................... 123110 4 4 3
010111..................................................... 033111 3 3 2
----------------------------------------------------------------------------------------------------------------
Dated: January 7, 2011.
Alan Bersin,
Commissioner, U.S. Customs and Border Protection.
[FR Doc. 2011-676 Filed 1-12-11; 8:45 am]
BILLING CODE 9111-14-P
