Quarterly IRS Interest Rates Used In Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 2681-2682 [2014-00588]

Download as PDF Federal Register / Vol. 79, No. 10 / Wednesday, January 15, 2014 / Notices CBPL No. ASTM 27–01 ........................................................ 27–04 ........................................................ 27–05 27–06 27–07 27–08 27–11 27–13 Title D287 D95 ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ ........................................................ D4928–89 D473 D4807 D86 D445 D4294 27–48 ........................................................ D4052 27–50 ........................................................ 29–01 ........................................................ 29–02 ........................................................ D93 D3797 D3798 Anyone wishing to employ this entity to conduct laboratory analyses should request and receive written assurances from the entity that it is accredited by the U.S. Customs and Border Protection to conduct the specific test requested. Alternatively, inquiries regarding the specific tests 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. https://cbp.gov/linkhandler/cgov/ trade/basic_trade/labs_scientific_svcs/ commercial_gaugers/gaulist.ctt/ gaulist.pdf Dated: January 3, 2014. Ira S. Reese, Executive Director, Laboratories and Scientific Services. [FR Doc. 2014–00494 Filed 1–14–14; 8:45 am] BILLING CODE 9111–14–P U.S. Customs and Border Protection Quarterly IRS Interest Rates Used In Calculating Interest on Overdue Accounts and Refunds on Customs Duties U.S. Customs and Border Protection, Department of Homeland Security. wreier-aviles on DSK5TPTVN1PROD with NOTICES AGENCY: 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 January 1, 2014, 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, 2014. 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: Underpayments (percent) Ending date 070174 070175 020176 020178 020180 VerDate Mar<15>2010 API Gravity of crude Petroleum and Petroleum products (Hydrometer Method). Standard test method for water in petroleum products and bituminous materials by distillation. Standard test method for water in crude oils by Coulometric Karl Fischer Titration. Standard Test method for sediment in crude oils and fuel oils by extraction method. Standard test method for sediment in crude oil by membrane filtration. Standard Test method for distillation of petroleum products. Standard Test method of kinematic viscosity of transparent and opaque liquids. Standard test method for sulfur in petroleum and petroleum products by energy-dispersive x-ray fluorescence spectrometry. Standard test method for density and relative density of liquids by digital density meter. Standard test method for flash point by Pensky Martin Closed Cup Tester. Test method for analysis of o-Xylene by Gas Chromatography. Test method for Analysis of p-Xylene by Gas Chromatography. 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 DEPARTMENT OF HOMELAND SECURITY Beginning date ACTION: 14:04 Jan 14, 2014 063075 013176 013178 013180 013182 Jkt 232001 PO 00000 2681 Frm 00050 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 2013–25, the IRS determined the rates of interest for the calendar quarter beginning January 1, 2014, and ending on March 31, 2014. 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, 2014, and ending June 30, 2014. For the convenience of the importing public and U.S. 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. 6 9 7 6 12 Fmt 4703 Sfmt 4703 Corporate overpayments (Eff. 1–1–99) (percent) Overpayments (percent) E:\FR\FM\15JAN1.SGM 6 9 7 6 12 15JAN1 2682 Federal Register / Vol. 79, No. 10 / Wednesday, January 15, 2014 / Notices Beginning date 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 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 033114 Dated: January 10, 2014. Thomas S. Winkowski, Acting Commissioner. HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment. wreier-aviles on DSK5TPTVN1PROD with NOTICES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5756–N–01] 60-Day Notice of Proposed Information Collection: Rehabilitation Mortgage Insurance Underwriting Program Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. AGENCY: 14:04 Jan 14, 2014 Notice. SUMMARY: BILLING CODE 9111–14–P Jkt 232001 DATES: Comments Due Date: March 17, 2014. Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB ADDRESSES: PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 Corporate overpayments (Eff. 1–1–99) (percent) Overpayments (percent) 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 ACTION: [FR Doc. 2014–00588 Filed 1–14–14; 8:45 am] VerDate Mar<15>2010 Underpayments (percent) Ending date 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 Control Number and should be sent to: Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW., Room 4176, Washington, DC 20410–5000; telephone 202–402–3400 (this is not a toll-free number) or email at Colette.Pollard@hud.gov for a copy of the proposed forms or other available information. Persons with hearing or speech impairments may access this number through TTY by calling the tollfree Federal Relay Service at (800) 877– 8339. FOR FURTHER INFORMATION CONTACT: Arlene Nunes, Director, HMID, Department of Housing and Urban Development, 451 7th Street SW., E:\FR\FM\15JAN1.SGM 15JAN1

Agencies

[Federal Register Volume 79, Number 10 (Wednesday, January 15, 2014)]
[Notices]
[Pages 2681-2682]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-00588]


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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, 2014, 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, 2014.

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 2013-25, the IRS determined the rates of interest 
for the calendar quarter beginning January 1, 2014, and ending on March 
31, 2014. 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, 2014, and ending June 30, 
2014.
    For the convenience of the importing public and U.S. 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          Under- payments         Over- 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     ....................

[[Page 2682]]

 
            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                 033114                      3                      3                     2
----------------------------------------------------------------------------------------------------------------


    Dated: January 10, 2014.
Thomas S. Winkowski,
Acting Commissioner.
[FR Doc. 2014-00588 Filed 1-14-14; 8:45 am]
BILLING CODE 9111-14-P