Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 20697-20698 [2011-8950]

Download as PDF Federal Register / Vol. 76, No. 71 / Wednesday, April 13, 2011 / Notices State and metropolitan fire service training agencies. The meeting was open to the public. The Federal Advisory Committee Act requires that notices of meetings of advisory committees be announced in the Federal Register 15 days prior to the meeting date. A notice of the meeting of the Board was published in the Federal Register on March 29, 8 days prior to the meeting, due to administrative error. Although the meeting notice was published in the Federal Register late, the Academy sent special e-mail notices to 30,000 citizens who had expressed interest in learning about Academy activities and meetings, and notice of the meeting was posted on the United States Fire Administrator’s Web site at http://www.usfa.dhs.gov. Dated: April 4, 2011. Glenn A. Gaines, Deputy Fire Administrator, National Fire Academy, United States Fire Administration, Federal Emergency Management Agency. [FR Doc. 2011–8858 Filed 4–12–11; 8:45 am] ACTION: General notice. 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 April 1, 2011, 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 for both corporations and noncorporations. This notice is published for the convenience of the importing public and Customs and Border Protection personnel. DATES: Effective Date: April 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: SUMMARY: Background BILLING CODE 9111–45–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 Customs and Border Protection, Department of Homeland Security. AGENCY: 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 20697 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 2011–5, the IRS determined the rates of interest for the calendar quarter beginning April 1, 2011, and ending on June 30, 2011. 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 both corporations and non-corporations. 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 July 1, 2011, and ending September 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. mstockstill on DSKH9S0YB1PROD with NOTICES Beginning Date Ending Date Overpayments (percent) Under-payments (percent) Corporate Overpayments (Eff. 1–1–99) (percent) 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 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 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 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 ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... VerDate Mar<15>2010 18:37 Apr 12, 2011 Jkt 223001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 E:\FR\FM\13APN1.SGM 13APN1 20698 Federal Register / Vol. 76, No. 71 / Wednesday, April 13, 2011 / Notices Beginning Date Ending Date Overpayments (percent) Under-payments (percent) Corporate Overpayments (Eff. 1–1–99) (percent) 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 040111 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 063011 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 4 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 4 ........................................... ........................................... ........................................... ........................................... 6 7 8 7 6 5 4 3 4 3 4 5 6 7 6 5 4 5 4 3 2 3 Dated: April 8, 2011. Alan Bersin, Commissioner, U.S. Customs and Border Protection. [FR Doc. 2011–8950 Filed 4–12–11; 8:45 am] BILLING CODE 9111–14–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5487–N–10] Notice of Proposed Information Collection for Public Comment; Public Housing Agency (PHA) 5-Year and Annual Plan Office of the Assistant Secretary for Public and Indian Housing, HUD. ACTION: Notice. AGENCY: 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. DATES: Comment Due Date: June 13, 2011. mstockstill on DSKH9S0YB1PROD with NOTICES SUMMARY: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name/or OMB Control number and should be sent to: Colette Pollard, Departmental Reports ADDRESSES: VerDate Mar<15>2010 18:37 Apr 12, 2011 Jkt 223001 Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street, SW., Room 4160, Washington, DC 20410– 5000; telephone 202–402–3400, (this is not a toll-free number) or e-mail Ms. Pollard at Collette.Pollard@hud.gov. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at 800–877–8339. (Other than the HUD USER information line and TTY numbers, telephone numbers are not toll-free.) FOR FURTHER INFORMATION CONTACT: Arlette Mussington, Office of Policy, Programs and Legislative Initiatives, PIH, Department of Housing and Urban Development, 490 L’Enfant Plaza, Room 2206, Washington, DC 20024; telephone 202–402–4109, (this is not a toll-free number). The Department will submit the proposed information collection to OMB for review, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35, as amended). This Notice is soliciting comments from members of the public and affected agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) evaluate the SUPPLEMENTARY INFORMATION: PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 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: Public Housing Agency (PHA) 5-Year and Annual Plan. OMB Control Number, if applicable: 2577–0226. Description of the Need for the Information and Proposed Use: The PHA Plan is a comprehensive guide to PHA policies, programs, operations, and strategies for meeting local housing needs and goals. The PHA Plan informs HUD, residents, and the public of the PHA’s mission for serving the needs of low, very low-income, and extremely low-income families and its strategy for addressing those needs. This data allows HUD to monitor the performance of programs and the performance of public housing agencies that administer the programs. The PHA Plan is being revised to clarify and provide additional guidance on the submission requirements for qualified and nonqualified PHAs. Agency Form Number, if applicable: HUD–50075; HUD–50075.1, HUD– E:\FR\FM\13APN1.SGM 13APN1

Agencies

[Federal Register Volume 76, Number 71 (Wednesday, April 13, 2011)]
[Notices]
[Pages 20697-20698]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-8950]


-----------------------------------------------------------------------

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 April 1, 2011, 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 for both corporations and non-corporations. This notice is 
published for the convenience of the importing public and Customs and 
Border Protection personnel.

DATES: Effective Date: April 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 2011-5, the IRS determined the rates of interest 
for the calendar quarter beginning April 1, 2011, and ending on June 
30, 2011. 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 both corporations and non-
corporations. 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 July 1, 2011, and ending 
September 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.

----------------------------------------------------------------------------------------------------------------
                                                                                                  Corporate
    Beginning Date          Ending Date            Overpayments          Under-payments     Overpayments (Eff. 1-
                                                    (percent)              (percent)           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      ....................

[[Page 20698]]

 
           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
           040111                 063011                      4                      4                      3
----------------------------------------------------------------------------------------------------------------


    Dated: April 8, 2011.
Alan Bersin,
Commissioner, U.S. Customs and Border Protection.
[FR Doc. 2011-8950 Filed 4-12-11; 8:45 am]
BILLING CODE 9111-14-P