Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds On Customs Duties, 61896-61897 [2014-24424]
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61896
Federal Register / Vol. 79, No. 199 / Wednesday, October 15, 2014 / Notices
DATES:
DEPARTMENT OF HOMELAND
SECURITY
Michael P. Dean, Revenue Division,
Collection and Refunds Branch, 6650
Telecom Drive, Suite #100,
Indianapolis, Indiana 46278; telephone
(317) 614–4882.
SUPPLEMENTARY INFORMATION:
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.
AGENCY:
ACTION:
General notice.
This notice advises the public
of the quarterly Internal Revenue
Service interest rates used to calculate
interest on overdue accounts
(underpayments) and refunds
(overpayments) of customs duties. For
the calendar quarter beginning October
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.
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
tkelley on DSK3SPTVN1PROD 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
18:00 Oct 14, 2014
Jkt 235001
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
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Fmt 4703
first-month period of the previous
quarter.
In Revenue Ruling 2014–23, the IRS
determined the rates of interest for the
calendar quarter beginning October 1,
2014, and ending on December 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 January 1, 2015, and
ending March 31, 2015.
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.
Under-payments
(percent)
Ending date
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VerDate Sep<11>2014
Effective Date: October 1, 2014.
FOR FURTHER INFORMATION CONTACT:
Sfmt 4703
Over-payments
(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
E:\FR\FM\15OCN1.SGM
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
15OCN1
Corporate overpayments (Eff. 1–
1–99) (percent)
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6
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8
7
6
5
61897
Federal Register / Vol. 79, No. 199 / Wednesday, October 15, 2014 / Notices
Beginning date
010103
100103
040104
070104
100104
040105
100105
070106
010108
040108
070108
100108
010109
040109
010111
040111
100111
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093003
033104
063004
093004
033105
093005
063006
123107
033108
063008
093008
123108
033109
123110
033111
093011
123114
Dated: October 8, 2014.
R. Gil Kerlikowske,
Commissioner.
[FR Doc. 2014–24424 Filed 10–14–14; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5758–N–14]
60-Day Notice of Proposed Information
Collection: Strong Cities Strong
Communities National Resource
Network
Office of the Assistant
Secretary for Policy Development &
Research, HUD.
ACTION: Notice.
AGENCY:
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.
SUMMARY:
Comments Due Date: December
15, 2014.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
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 202–402–5564
(this is not a toll-free number) or email
at Colette.Pollard@hud.gov for a copy of
the proposed forms or other available
tkelley on DSK3SPTVN1PROD with NOTICES
DATES:
VerDate Sep<11>2014
18:00 Oct 14, 2014
Under-payments
(percent)
Ending date
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5
4
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4
5
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7
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3
4
3
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:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th 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. Persons
with hearing or speech impairments
may access this number through TTY by
calling the toll-free Federal Relay
Service at (800) 877–8339.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for the
information collection described in
Section A.
A. Overview of Information Collection
Title of Information Collection:
National Resource Network Program
Evaluation and Engagements.
OMB Approval Number: 2528–0289.
Type of Request: This is a revision to
the existing information collection for
the SC2 Network.
Form Number: N/A.
Description of the need for the
information and proposed use: The
Strong Cities Strong Communities
National Resource Network (SC2
Network) provides comprehensive
technical assistance to cities with
populations of 40,000 or more that are
experiencing long-term economic
challenges as evidenced by population
decline, high unemployment rates, high
poverty, and low education attainment.
The SC2 Network is seeking to evaluate
PO 00000
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Fmt 4703
Sfmt 4703
Corporate overpayments (Eff. 1–
1–99) (percent)
Over-payments
(percent)
5
4
5
4
5
6
7
8
7
6
5
6
5
4
3
4
3
4
3
4
3
4
5
6
7
6
5
4
5
4
3
2
3
2
its program through a combination of
site visits, surveys, interviews, and
quantitative and qualitative data
collection. In addition, the SC2 Network
will solicit information from cities to
provide direct technical assistance.
Such information includes information
related to population; employment
rates; poverty; education attainment;
fiscal and economic distress; priorities,
goals, and initiatives of local
government; regional partnerships or
efforts; types of direct assistance that
could improve a city’s economic
outcome; support from political and
community leadership; city budgets;
and comprehensive annual financial
reports.
Respondents: Respondents are from
local governments, as well as from
anchor institutions, and public and
private organizations that work with
local governments.
Estimated Number of Respondents:
The estimated number of respondents to
complete surveys, interviews, and/or
provide data collection is estimated to
be 120 respondents. The estimated
number of respondents to provide
information to the SC2 Network to
solicit for direct technical assistance is
estimated to be 500.
Estimated Number of Responses: The
estimated number of responses for
surveys, interviews, and/or data
collection is estimated to be 240. The
estimated number of responses for
direct technical assistance is 1000.
Frequency of Response: The
frequency of response for both survey,
interview, and/or data collection, and
direct technical assistance is twice per
solicitation.
Average Hours per Response: The
average hour per response for surveys,
interview, and/or data collection is 1.5
E:\FR\FM\15OCN1.SGM
15OCN1
]]>Agencies
[Federal Register Volume 79, Number 199 (Wednesday, October 15, 2014)]
[Notices]
[Pages 61896-61897]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-24424]
[[Page 61896]]
-----------------------------------------------------------------------
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 October 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: October 1, 2014.
FOR FURTHER INFORMATION CONTACT: Michael P. Dean, Revenue Division,
Collection and Refunds Branch, 6650 Telecom Drive, Suite #100,
Indianapolis, Indiana 46278; telephone (317) 614-4882.
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 2014-23, the IRS determined the rates of interest
for the calendar quarter beginning October 1, 2014, and ending on
December 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 January 1, 2015,
and ending March 31, 2015.
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
Under-payments Over-payments overpayments
Beginning date Ending date (percent) (percent) (Eff. 1-1-99)
(percent)
----------------------------------------------------------------------------------------------------------------
070174........................... 063075.............. 6 6 .................
070175........................... 013176.............. 9 9 .................
020176........................... 013178.............. 7 7 .................
020178........................... 013180.............. 6 6 .................
020180........................... 013182.............. 12 12 .................
020182........................... 123182.............. 20 20 .................
010183........................... 063083.............. 16 16 .................
070183........................... 123184.............. 11 11 .................
010185........................... 063085.............. 13 13 .................
070185........................... 123185.............. 11 11 .................
010186........................... 063086.............. 10 10 .................
070186........................... 123186.............. 9 9 .................
010187........................... 093087.............. 9 8 .................
100187........................... 123187.............. 10 9 .................
010188........................... 033188.............. 11 10 .................
040188........................... 093088.............. 10 9 .................
100188........................... 033189.............. 11 10 .................
040189........................... 093089.............. 12 11 .................
100189........................... 033191.............. 11 10 .................
040191........................... 123191.............. 10 9 .................
010192........................... 033192.............. 9 8 .................
040192........................... 093092.............. 8 7 .................
100192........................... 063094.............. 7 6 .................
070194........................... 093094.............. 8 7 .................
100194........................... 033195.............. 9 8 .................
040195........................... 063095.............. 10 9 .................
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
[[Page 61897]]
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........................... 123114.............. 3 3 2
----------------------------------------------------------------------------------------------------------------
Dated: October 8, 2014.
R. Gil Kerlikowske,
Commissioner.
[FR Doc. 2014-24424 Filed 10-14-14; 8:45 am]
BILLING CODE 9111-14-P
