Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 33232-33233 [2018-15179]

Download as PDF 33232 Federal Register / Vol. 83, No. 137 / Tuesday, July 17, 2018 / Notices on or before July 24, 2018. Up to five minutes will be allotted for each presentation. The meeting may be accesed via telephone. To attend on site, obtain the call-in number and access code, submit written or brief oral comments, or request special accommodations for persons with disabilities, please register on-line at http://nac.samhsa.gov/ Registration/meetingsRegistration.aspx, or communicate with SAMHSA’s Designated Federal Officer, Ms. Valerie Kolick. Substantive meeting information and a roster of ACWS members may be obtained either by accessing the SAMHSA Committees’ Web https:// www.samhsa.gov/about-us/advisorycouncils/meetings, or by contacting Ms. Kolick. Committee Name: Substance Abuse and Mental Health Services Administration Advisory Committee for Women’s Services (ACWS). Date/Time/Type: Wednesday, August 1, 2018, from: 9:00 a.m. to 4:45 p.m. EDT, Open. Place: SAMHSA, 5600 Fishers Lane, Conference Room 5E29, Rockville, Maryland 20857. Contact: Valerie Kolick, Designated Federal Official, SAMHSA’s Advisory Committee for Women’s Services, 5600 Fishers Lane, Rockville, MD 20857, Telephone: (240) 276– 1738, Email: Valerie.kolick@samhsa.hhs.gov. Carlos Castillo, Committee Management Officer. [FR Doc. 2018–15227 Filed 7–16–18; 8:45 am] BILLING CODE 4162–20–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 U.S. Customs and Border Protection, Department of Homeland Security. ACTION: General notice. AGENCY: This notice advises the public that the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties will remain the same from the previous quarter. For the calendar quarter beginning July 1, 2018, the interest rates for overpayments will be 4 percent for corporations and 5 percent for noncorporations, and the interest rate for underpayments will be 5 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: The rates announced in this notice are applicable as of July 1, 2018. FOR FURTHER INFORMATION CONTACT: Shawn Kaus, Revenue Division, Collection Refunds & Analysis Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 614–4485. 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 daltland on DSKBBV9HB2PROD with NOTICES Beginning date 070174 070175 020176 020178 020180 020182 010183 070183 010185 070185 010186 070186 010187 100187 010188 VerDate Sep<11>2014 17:07 Jul 16, 2018 Underpayments (percent) Ending date ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... Jkt 244001 063075 013176 013178 013180 013182 123182 063083 123184 063085 123185 063086 123186 093087 123187 033188 PO 00000 be in accordance with the Internal Revenue Code rate established under 26 U.S.C. 6621 and 6622. Section 6621 provides different interest rates applicable to overpayments: One for corporations and one for noncorporations. 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 2018–18, the IRS determined the rates of interest for the calendar quarter beginning July 1, 2018, and ending on September 30, 2018. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (2%) plus three percentage points (3%) for a total of five percent (5%) for both corporations and non-corporations. For corporate overpayments, the rate is the Federal short-term rate (2%) plus two percentage points (2%) for a total of four percent (4%). For overpayments made by non-corporations, the rate is the Federal short-term rate (2%) plus three percentage points (3%) for a total of five percent (5%). These interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties are the same from the previous quarter. These interest rates are subject to change for the calendar quarter beginning October 1, 2018, and ending December 31, 2018. 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 July of 1974 to date, to calculate interest on overdue accounts and refunds of customs duties, is published in summary format. ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... Frm 00041 Fmt 4703 Sfmt 4703 E:\FR\FM\17JYN1.SGM Corporate overpayments (eff. 1–1–99) (percent) Overpayments (percent) 6 9 7 6 12 20 16 11 13 11 10 9 9 10 11 17JYN1 6 9 7 6 12 20 16 11 13 11 10 9 8 9 10 ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ 33233 Federal Register / Vol. 83, No. 137 / Tuesday, July 17, 2018 / Notices Beginning date 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 040116 040118 ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... 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 033116 033118 093018 Dated: July 11, 2018. Samuel D. Grable, Assistant Commissioner and Chief Financial Officer, Office of Finance. [FR Doc. 2018–15179 Filed 7–16–18; 8:45 am] BILLING CODE 9111–14–P DEPARTMENT OF HOMELAND SECURITY U.S. Customs and Border Protection [1651–0096] daltland on DSKBBV9HB2PROD with NOTICES Agency Information Collection Activities: Transfer of Cargo to a Container Station U.S. Customs and Border Protection (CBP), Department of Homeland Security. ACTION: 60-Day notice and request for comments; extension of an existing collection of information. AGENCY: VerDate Sep<11>2014 17:07 Jul 16, 2018 Underpayments (percent) Ending date Jkt 244001 ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... ...................................................... The Department of Homeland Security, U.S. Customs and Border Protection will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). The information collection is published in the Federal Register to obtain comments from the public and affected agencies. Comments are encouraged and will be accepted (no later than September 17, 2018) to be assured of consideration. SUMMARY: Written comments and/or suggestions regarding the item(s) contained in this notice must include the OMB Control Number 1651–0096 in the subject line and the agency name. To avoid duplicate submissions, please use only one of the following methods to submit comments: (1) Email. Submit comments to: CBP_ PRA@cbp.dhs.gov. ADDRESSES: PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 Corporate overpayments (eff. 1–1–99) (percent) Overpayments (percent) 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 4 5 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 4 5 ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ 6 7 8 7 6 5 4 3 4 3 4 5 6 7 6 5 4 5 4 3 2 3 2 3 4 (2) Mail. Submit written comments to CBP Paperwork Reduction Act Officer, U.S. Customs and Border Protection, Office of Trade, Regulations and Rulings, Economic Impact Analysis Branch, 90 K Street NE, 10th Floor, Washington, DC 20229–1177. FOR FURTHER INFORMATION CONTACT: Requests for additional PRA information should be directed to Seth Renkema, Chief, Economic Impact Analysis Branch, U.S. Customs and Border Protection, Office of Trade, Regulations and Rulings, 90 K Street NE, 10th Floor, Washington, DC 20229–1177, Telephone number (202) 325–0056 or via email CBP_PRA@cbp.dhs.gov. Please note that the contact information provided here is solely for questions regarding this notice. Individuals seeking information about other CBP programs should contact the CBP National Customer Service Center at 877–227–5511, (TTY) 1–800–877–8339, E:\FR\FM\17JYN1.SGM 17JYN1

Agencies

[Federal Register Volume 83, Number 137 (Tuesday, July 17, 2018)]
[Notices]
[Pages 33232-33233]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-15179]


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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 that the quarterly Internal 
Revenue Service interest rates used to calculate interest on overdue 
accounts (underpayments) and refunds (overpayments) of customs duties 
will remain the same from the previous quarter. For the calendar 
quarter beginning July 1, 2018, the interest rates for overpayments 
will be 4 percent for corporations and 5 percent for non-corporations, 
and the interest rate for underpayments will be 5 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: The rates announced in this notice are applicable as of July 1, 
2018.

FOR FURTHER INFORMATION CONTACT: Shawn Kaus, Revenue Division, 
Collection Refunds & Analysis Branch, 6650 Telecom Drive, Suite #100, 
Indianapolis, Indiana 46278; telephone (317) 614-4485.

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 provides 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 2018-18, the IRS determined the rates of interest 
for the calendar quarter beginning July 1, 2018, and ending on 
September 30, 2018. The interest rate paid to the Treasury for 
underpayments will be the Federal short-term rate (2%) plus three 
percentage points (3%) for a total of five percent (5%) for both 
corporations and non-corporations. For corporate overpayments, the rate 
is the Federal short-term rate (2%) plus two percentage points (2%) for 
a total of four percent (4%). For overpayments made by non-
corporations, the rate is the Federal short-term rate (2%) plus three 
percentage points (3%) for a total of five percent (5%). These interest 
rates used to calculate interest on overdue accounts (underpayments) 
and refunds (overpayments) of customs duties are the same from the 
previous quarter. These interest rates are subject to change for the 
calendar quarter beginning October 1, 2018, and ending December 31, 
2018.
    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 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  ................

[[Page 33233]]

 
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.............................  033116...............                 3                 3                 2
040116.............................  033118...............                 4                 4                 3
040118.............................  093018...............                 5                 5                 4
----------------------------------------------------------------------------------------------------------------


    Dated: July 11, 2018.
Samuel D. Grable,
Assistant Commissioner and Chief Financial Officer, Office of Finance.
[FR Doc. 2018-15179 Filed 7-16-18; 8:45 am]
 BILLING CODE 9111-14-P