Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 59411-59412 [2012-23822]

Download as PDF 59411 Federal Register / Vol. 77, No. 188 / Thursday, September 27, 2012 / Notices your individual case, please check ‘‘My Case Status’’ online at: https://egov.uscis.gov/cris/ Dashboard.do, or call the USCIS National Customer Service Center at 1–800–375–5283. Written comments and suggestions from the public and affected agencies should address one or more of the following four points: (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 agencies’ estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; (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, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Overview of This Information Collection (1) Type of Information Collection Request: Extension, Without Change, of a Currently Approved Collection. (2) Title of the Form/Collection: National Interest Waivers, Supplemental Evidence to I–140 and I–485. (3) Agency form number, if any, and the applicable component of the DHS sponsoring the collection: No Form; USCIS. (4) Affected public who will be asked or required to respond, as well as a brief abstract: Primary: Individuals or households. The supplemental documentation will be used by the U.S. Citizenship and Immigration Services to determine eligibility for national interest waiver requests for physicians and to finalize the request for adjustment to lawful permanent resident status. (5) An estimate of the total number of respondents and the amount of time estimated for an average respondent to respond: 8,000 respondents responding an estimated 2 times per year with an estimated hour burden per response of 1 hour. (6) An estimate of the total public burden (in hours) associated with the collection: 16,000. If you need a copy of the information collection instrument with supplementary documents, or need additional information, please visit http://www.regulations.gov. We may also be contacted at: USCIS, Office of Policy and Strategy, Regulatory Coordination Division, 20 Massachusetts Avenue NW., Washington, DC 20529–2020; Telephone 202–272–8377. Dated: September 24, 2012. Laura Dawkins, Chief, Regulatory Coordination Division, Office of Policy and Strategy, U.S. Citizenship and Immigration Services, Department of Homeland Security. [FR Doc. 2012–23813 Filed 9–26–12; 8:45 am] BILLING CODE 9111–97–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. 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 October 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 Customs and Border Protection personnel. SUMMARY: Effective Date: October 1, 2012. Ron Wyman, Revenue Division, Collection DATES: FOR FURTHER INFORMATION CONTACT: Ending date erowe on DSK2VPTVN1PROD with Beginning date 070174 ......................................................................................................................... 070175 ......................................................................................................................... 020176 ......................................................................................................................... VerDate Mar<15>2010 15:00 Sep 26, 2012 Jkt 226001 PO 00000 Frm 00040 Fmt 4703 Sfmt 4703 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 2012–23, the IRS determined the rates of interest for the calendar quarter beginning October 1, 2012, and ending on December 31, 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 January 1, 2013, and ending March 31, 2013. 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. Underpayments (percent) 063075 013176 013178 E:\FR\FM\27SEN1.SGM Corporate overpayments (eff. 1–1–99) (percent) Overpayments (percent) 6 9 7 27SEN1 6 9 7 ............................ ............................ ............................ 59412 Federal Register / Vol. 77, No. 188 / Thursday, September 27, 2012 / Notices Ending date Beginning date 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 ......................................................................................................................... ......................................................................................................................... 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Dated: September 21, 2012. David V. Aguilar, Deputy Commissioner, U.S. Customs and Border Protection. 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 123112 DEPARTMENT OF THE INTERIOR Fish and Wildlife Service [FWS–R5–R–2012–N126; BAC–4311–K9–S3] [FR Doc. 2012–23822 Filed 9–26–12; 8:45 am] Great Bay National Wildlife Refuge, Rockingham County, NH; Final Comprehensive Conservation Plan and Finding of No Significant Impact BILLING CODE 9111–14–P Fish and Wildlife Service, Interior. ACTION: Notice of availability. erowe on DSK2VPTVN1PROD with AGENCY: We, the U.S. Fish and Wildlife Service (Service), announce the availability of the final comprehensive SUMMARY: VerDate Mar<15>2010 15:00 Sep 26, 2012 Jkt 226001 PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 Underpayments (percent) 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 Overpayments (percent) 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 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 conservation plan (CCP) and finding of no significant impact (FONSI) for Great Bay National Wildlife Refuge (NWR, refuge) in Newington, New Hampshire, which includes the Karner blue butterfly conservation easement in Concord, New Hampshire. Great Bay NWR is administered by Parker River NWR in Newburyport, Massachusetts. In this final CCP, we describe how we will manage the refuge and Karner blue butterfly conservation easement for the next 15 years. You may view or obtain copies of the final CCP and FONSI by ADDRESSES: E:\FR\FM\27SEN1.SGM 27SEN1

Agencies

[Federal Register Volume 77, Number 188 (Thursday, September 27, 2012)]
[Notices]
[Pages 59411-59412]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-23822]


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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 October 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: October 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 2012-23, the IRS determined the rates of interest 
for the calendar quarter beginning October 1, 2012, and ending on 
December 31, 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 January 1, 2013, 
and ending March 31, 2013.
    For the convenience of the importing public and Customs and Border 
Protection personnel the following list of IRS interest rates used, 
covering the period from before July of 1974 to date, to calculate 
interest on overdue accounts and refunds of customs duties, is 
published in summary format.

----------------------------------------------------------------------------------------------------------------
                                                                                                    Corporate
                                                             Ending      Under-       Over-       overpayments
                      Beginning date                          date      payments     payments     (eff. 1-1-99)
                                                                       (percent)    (percent)       (percent)
----------------------------------------------------------------------------------------------------------------
070174...................................................     063075            6            6  ................
070175...................................................     013176            9            9  ................
020176...................................................     013178            7            7  ................

[[Page 59412]]

 
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...................................................     123112            3            3                 2
----------------------------------------------------------------------------------------------------------------


    Dated: September 21, 2012.
David V. Aguilar,
Deputy Commissioner, U.S. Customs and Border Protection.
[FR Doc. 2012-23822 Filed 9-26-12; 8:45 am]
BILLING CODE 9111-14-P