Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 2308-2310 [2012-724]

Download as PDF 2308 Federal Register / Vol. 77, No. 10 / Tuesday, January 17, 2012 / Notices DEPARTMENT OF HOMELAND SECURITY DEPARTMENT OF HOMELAND SECURITY DEPARTMENT OF HOMELAND SECURITY Customs and Border Protection U.S. Customs and Border Protection U.S. Customs and Border Protection Approval of Altol Petroleum Product Service, as a Commercial Gauger Approval of Altol Petroleum Product Service, as a Commercial Gauger U.S. Customs and Border Protection, Department of Homeland Security. AGENCY: Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties Notice of approval of Altol Petroleum Product Service, as a commercial gauger. ACTION: Notice is hereby given that, pursuant to 19 CFR 151.13, Altol Petroleum Product Service, Parque Industrial Sabanetas, Edificio M–1380– 01–02, Ponce, PR 00731, has been approved to gauge petroleum, petroleum products, organic chemicals and vegetable oils for customs purposes, in accordance with the provisions of 19 CFR 151.13. Anyone wishing to employ this entity to conduct gauger services should request and receive written assurances from the entity that it is approved by the U.S. Customs and Border Protection to conduct the specific gauger service requested. Alternatively, inquiries regarding the specific gauger service this entity is approved to perform may be directed to the U.S. Customs and Border Protection by calling (202) 344–1060. The inquiry may also be sent to cbp.labhq@dhs.gov. Please reference the Web site listed below for a complete listing of CBP approved gaugers and accredited laboratories: https://cbp.gov/xp/cgov/ import/operations_support/labs_ scientific_svcs/commercial_gaugers/. SUMMARY: DATES: The approval of Altol Petroleum Product Service, as commercial gauger became effective on March 12, 2010. The next triennial inspection date will be scheduled for March 2013. DATES: FOR FURTHER INFORMATION CONTACT: FOR FURTHER INFORMATION CONTACT: Stephen Cassata, Laboratories and Scientific Services, U.S. Customs and Border Protection, 1300 Pennsylvania Avenue NW., Suite 1500N, Washington, DC 20229, (202) 344–1060. Stephen Cassata, Laboratories and Scientific Services, U.S. Customs and Border Protection, 1300 Pennsylvania Avenue, NW., Suite 1500N, Washington, DC 20229, (202) 344–1060. Dated: December 9, 2011. Ira S. Reese, Executive Director, Laboratories and Scientific Services. Dated: December 9, 2011. Ira S. Reese, Executive Director Laboratories and Scientific Services. [FR Doc. 2012–665 Filed 1–13–12; 8:45 am] [FR Doc. 2012–676 Filed 1–13–12; 8:45 am] BILLING CODE 9111–14–P BILLING CODE 9111–14–P U.S. Customs and Border Protection, Department of Homeland Security. AGENCY: Notice of approval of Altol Petroleum Product Service, as a commercial gauger. ACTION: srobinson on DSK4SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 16:12 Jan 13, 2012 Jkt 226001 Notice is hereby given that, pursuant to 19 CFR 151.13, Altol Petroleum Product Service, Calle Gregorio Ledesma HN–55 Urb. Levittown, Toa Baja, PR 00949, has been approved to gauge petroleum, petroleum products, organic chemicals and vegetable oils for customs purposes, in accordance with the provisions of 19 CFR 151.13. Anyone wishing to employ this entity to conduct gauger services should request and receive written assurances from the entity that it is approved by the U.S. Customs and Border Protection to conduct the specific gauger service requested. Alternatively, inquiries regarding the specific gauger service this entity is approved to perform may be directed to the U.S. Customs and Border Protection by calling (202) 344–1060. The inquiry may also be sent to cbp.labhq@dhs.gov. Please reference the Web site listed below for a complete listing of CBP approved gaugers and accredited laboratories: https://cbp.gov/xp/cgov/ import/operations_support/labs_ scientific_svcs/commercial_gaugers/. The approval of Altol Petroleum Product Service, as commercial gauger became effective on February 26, 2010. The next triennial inspection date will be scheduled for February 2013. PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 U.S. 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, 2012, 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 for both corporations and non-corporations. This notice is published for the convenience of the importing public and U.S. Customs and Border Protection personnel. DATES: Effective Date: January 1, 2012. 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 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 2011–32, the IRS determined the rates of interest for the calendar quarter beginning January 1, 2012, and ending on March 31, 2012. E:\FR\FM\17JAN1.SGM 17JAN1 2309 Federal Register / Vol. 77, No. 10 / Tuesday, January 17, 2012 / Notices 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 both corporations and non-corporations. 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, 2012, and ending June 30, 2012. srobinson on DSK4SPTVN1PROD with NOTICES Beginning date 070174 070175 020176 020178 020180 020182 010183 070183 010185 070185 010186 070186 010187 100187 010188 040188 100188 040189 100189 040191 010192 040192 100192 070194 100194 040195 070195 040196 070196 040198 010199 040199 040100 040101 070101 010102 010103 100103 040104 070104 100104 040105 100105 070106 010108 040108 070108 100108 010109 040109 010111 040111 100111 16:12 Jan 13, 2012 Underpayments (percent) Ending date ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. VerDate Mar<15>2010 For the convenience of the importing public and U.S. Customs and Border Protection personnel, the following list of IRS interest rates used to calculate interest on overdue accounts and refunds of customs duties covering the period from before July of 1974 to date is published in summary format. Jkt 226001 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 093011 033112 PO 00000 Overpayments (percent) Corporate overpayments (Eff. 1–1–99) (percent) 6 9 7 6 12 20 16 11 13 11 10 9 9 10 11 10 11 12 11 10 9 8 7 8 9 10 9 8 9 8 7 8 9 8 7 6 5 4 5 4 5 6 7 8 7 6 5 6 5 4 3 4 3 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 4 3 .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... 6 7 8 7 6 5 4 3 4 3 4 5 6 7 6 5 4 5 4 3 2 3 2 ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. ................................................................. 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................................................................. ................................................................. Frm 00053 Fmt 4703 Sfmt 4703 E:\FR\FM\17JAN1.SGM 17JAN1 2310 Federal Register / Vol. 77, No. 10 / Tuesday, January 17, 2012 / Notices Dated: January 11, 2012. David V. Aguilar, Acting Commissioner, U.S. Customs and Border Protection. [FR Doc. 2012–724 Filed 1–13–12; 8:45 am] BILLING CODE 9111–14–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5603–N–03] Notice of Submission of Proposed Information Collection to OMB; Construction Complaint—Request for Financial Assistance Office of the Chief Information Officer, HUD. ACTION: Notice. AGENCY: 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. The information collection is submitted by homeowners and is used by HUD to identify the items of complaint in order to help the homeowner obtain correction. The information is also used to identify builders not conforming to applicable SUMMARY: standard and to determine eligibility for financial assistance. DATES: Comments Due Date: February 16, 2012. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2502–0047) and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: (202) 395–5806. Email: OIRA_Submission@omb.eop.gov fax: (202) 395–5806. FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410; email Colette Pollard at Colette.Pollard@ hud.gov. or telephone (202) 402–3400. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Ms. Pollard. 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 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: Construction Complaint—Request for Financial Assistance. OMB Approval Number: 2502–0047. Form Numbers: HUD–92556. Description of the Need for the Information and Its Proposed Use: The information collection is submitted by homeowners and is used by HUD to identify the items of complaint in order to help the homeowner obtain correction. The information is also used to identify builders not conforming to applicable standard and to determine eligibility for financial assistance. Frequency of Submission: On occasion Number of respondents Annual responses 10 1 Reporting Burden ..................................................................................... Total Estimated Burden Hours: 5. Status: Extension without change of a currently previously approved collection. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. Dated: January 10, 2012, Colette Pollard, Departmental Reports Management Officer, Office of the Chief Information Officer. [FR Doc. 2012–706 Filed 1–13–12; 8:45 am] srobinson on DSK4SPTVN1PROD with NOTICES 16:12 Jan 13, 2012 [Docket No. FR–5603–N–02] Notice of Submission of Proposed Information Collection to OMB; Builder’s Certification/Guarantee and New Construction Subterranean Termite Soil Treatment Record Office of the Chief Information Officer, HUD. ACTION: Notice. AGENCY: 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. The collection of the requested information requires that the sites for HUD insured structures must be free of termite hazards. Builders certify and SUMMARY: BILLING CODE 4210–67–P VerDate Mar<15>2010 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Jkt 226001 PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 Hours per response Burden hours 0.5 × 5 guarantee that all required treatment for termites are performed and there is no infestation of treated areas for a year. Also, pest control companies are required to provide a record of any soil treatment methods used to prevent subterranean termite infestation. The respondents for this collection are builders, pest control companies, mortgage lenders and homebuyers. DATES: Comments Due Date: February 16, 2012. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB approval Number (2502–0525) and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; fax: (202) 395–5806. Email: OIRA_Submission@omb.eop.gov; fax: (202) 395–5806. FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management E:\FR\FM\17JAN1.SGM 17JAN1

Agencies

[Federal Register Volume 77, Number 10 (Tuesday, January 17, 2012)]
[Notices]
[Pages 2308-2310]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-724]


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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: U.S. Customs and Border Protection, Department of Homeland 
Security.

ACTION: General notice.

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

SUMMARY: This notice advises the public of the quarterly Internal 
Revenue Service interest rates used to calculate interest on overdue 
accounts (underpayments) and refunds (overpayments) of customs duties. 
For the calendar quarter beginning January 1, 2012, 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 for both corporations and non-corporations. This notice is 
published for the convenience of the importing public and U.S. Customs 
and Border Protection personnel.

DATES: Effective Date: January 1, 2012.

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 2011-32, the IRS determined the rates of interest 
for the calendar quarter beginning January 1, 2012, and ending on March 
31, 2012.

[[Page 2309]]

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 both corporations and non-corporations. 
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, 2012, and ending June 30, 2012.
    For the convenience of the importing public and U.S. Customs and 
Border Protection personnel, the following list of IRS interest rates 
used to calculate interest on overdue accounts and refunds of customs 
duties covering the period from before July of 1974 to date is 
published in summary format.

----------------------------------------------------------------------------------------------------------------
                                                                                                    Corporate
                                                                           Under-       Over-      overpayments
              Beginning date                        Ending 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  ...............
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
040111...................................  093011......................           4           4                3
100111...................................  033112......................           3           3                2
----------------------------------------------------------------------------------------------------------------



[[Page 2310]]

    Dated: January 11, 2012.
David V. Aguilar,
Acting Commissioner, U.S. Customs and Border Protection.
[FR Doc. 2012-724 Filed 1-13-12; 8:45 am]
BILLING CODE 9111-14-P
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