Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 38076-38077 [2012-15531]

Download as PDF 38076 Federal Register / Vol. 77, No. 123 / Tuesday, June 26, 2012 / Notices Dated: June 20, 2012. Jennifer S. Spaeth, Director, Office of Federal Advisory Committee Policy. The accreditation and approval of SGS North America, Inc., as commercial gauger and laboratory became effective on September 29, 2011. The next triennial inspection date will be scheduled for September 2014. 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. DATES: [FR Doc. 2012–15588 Filed 6–25–12; 8:45 am] BILLING CODE 4140–01–P DEPARTMENT OF HOMELAND SECURITY U.S. Customs and Border Protection Accreditation and Approval of SGS North America, Inc., as a Commercial Gauger and Laboratory Dated: June 18, 2012. Ira S. Reese, Executive Director. [FR Doc. 2012–15514 Filed 6–25–12; 8:45 am] U.S. Customs and Border Protection, Department of Homeland Security. ACTION: Notice of accreditation and approval of SGS North America, Inc., as a commercial gauger and laboratory. BILLING CODE 9111–14–P Notice is hereby given that, pursuant to 19 CFR 151.12 and 19 CFR 151.13, SGS North America, Inc., 3735 W. Airline Hwy., Reserve, LA 70084, has been approved to gauge and accredited to test petroleum and petroleum products, organic chemicals and vegetable oils for customs purposes, in accordance with the provisions of 19 CFR 151.12 and 19 CFR 151.13. Anyone wishing to employ this entity to conduct laboratory analyses and gauger services should request and receive written assurances from the entity that it is accredited or approved by the U.S. Customs and Border Protection to conduct the specific test or gauger service requested. Alternatively, inquires regarding the specific test or gauger service this entity is accredited or 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. http://cbp.gov/ linkhandler/cgov/trade/automated/ labs_scientific_svcs/ commercial_gaugers/gaulist.ctt/ gaulist.pdf. Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties AGENCY: SUMMARY: DEPARTMENT OF HOMELAND SECURITY U.S. Customs and Border Protection 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 July 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 noncorporations. This notice is published for the convenience of the importing public and Customs and Border Protection personnel. DATES: Effective Date: July 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: rmajette on DSK2TPTVN1PROD with NOTICES Beginning date 070174 070175 020176 020178 020180 020182 010183 070183 VerDate Mar<15>2010 15:33 Jun 25, 2012 Jkt 226001 063075 013176 013178 013180 013182 123182 063083 123184 PO 00000 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, Pub. L. 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 2012–16, the IRS determined the rates of interest for the calendar quarter beginning July 1, 2012, and ending on September 30, 2012. 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 October 1, 2012, and ending December 31, 2012. 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. Under-payments (percent) Ending date ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ Background ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... Frm 00044 Fmt 4703 Sfmt 4703 E:\FR\FM\26JNN1.SGM 6 9 7 6 12 20 16 11 26JNN1 Over-payments (percent) 6 9 7 6 12 20 16 11 Corporate overpayments (Eff. 1–1–99) (percent) ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 38077 Federal Register / Vol. 77, No. 123 / Tuesday, June 26, 2012 / Notices Beginning date 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 ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ ................................................................ Dated: June 21, 2012. David V. Aguilar, Acting Commissioner, U.S. Customs and Border Protection. DEPARTMENT OF THE INTERIOR National Park Service rmajette on DSK2TPTVN1PROD with NOTICES [NPS–NCR–GWMP–1202–9483: 3310–0250– 471] Notice of Intent To Prepare an Environmental Impact Statement on a Proposed Boat-House Facility for NonMotorized Boats, George Washington Memorial Parkway National Park Service, Interior. 15:33 Jun 25, 2012 Jkt 226001 ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... Notice of intent. Pursuant to § 102(2)(c) of the National Environmental Policy Act of 1969, 42 U.S.C. 4332(2)(C), the National Park Service (NPS) is preparing an Environmental Impact Statement (EIS) to assess the impacts of constructing a boathouse facility and floating docks for non-motorized boats at possible locations along the Virginia shoreline of the Potomac River in the vicinity of Arlington County. This announcement updates the Notice of Intent (NOI) on the same project published in the Federal Register on May 21, 2004. DATES: The NPS will conduct scoping during the coming months which will include a public scoping meeting. The NPS will announce details about the scoping period and the public meeting SUMMARY: BILLING CODE 9111–14–P VerDate Mar<15>2010 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 093012 ACTION: [FR Doc. 2012–15531 Filed 6–25–12; 8:45 am] AGENCY: Under-payments (percent) Ending date PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 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 Over-payments (percent) 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 Corporate overpayments (Eff. 1–1–99) (percent) ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 6 7 8 7 6 5 4 3 4 3 4 5 6 7 6 5 4 5 4 3 2 3 2 on the NPS’s Planning, Environment and Public Comment (PEPC) Web site: http://www.parkplanning.nps.gov/ gwmp, as well as through announcements in the local media. NPS is seeking public comment about the proposal and comments will be accepted through August 27, 2012. The NPS will conduct a public scoping meeting at a public site in Arlington County. When the public scoping meeting has been scheduled, its location, date, and time will be announced through local media and published on the PEPC Web site: http://www.parkplanning.nps.gov/ gwmp at least 15 days in advance of the meeting. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Superintendent, George Washington E:\FR\FM\26JNN1.SGM 26JNN1

Agencies

[Federal Register Volume 77, Number 123 (Tuesday, June 26, 2012)]
[Notices]
[Pages 38076-38077]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-15531]


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DEPARTMENT OF HOMELAND SECURITY

U.S. Customs and Border Protection


Quarterly IRS Interest Rates Used in Calculating Interest on 
Overdue Accounts and Refunds on Customs Duties

AGENCY: Customs and Border Protection, Department of Homeland Security.

ACTION: General notice.

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

SUMMARY: This notice advises the public of the quarterly Internal 
Revenue Service interest rates used to calculate interest on overdue 
accounts (underpayments) and refunds (overpayments) of customs duties. 
For the calendar quarter beginning July 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 Customs and Border 
Protection personnel.

DATES: Effective Date: July 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, Pub. L. 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 2012-16, the IRS determined the rates of interest 
for the calendar quarter beginning July 1, 2012, and ending on 
September 30, 2012. 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 October 1, 2012, 
and ending December 31, 2012.
    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
                                                                           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  ..............

[[Page 38077]]

 
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...................................  093012.....................            3            3               2
----------------------------------------------------------------------------------------------------------------


    Dated: June 21, 2012.
David V. Aguilar,
Acting Commissioner, U.S. Customs and Border Protection.
[FR Doc. 2012-15531 Filed 6-25-12; 8:45 am]
BILLING CODE 9111-14-P