Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 54130-54131 [2018-23469]
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54130
Federal Register / Vol. 83, No. 208 / Friday, October 26, 2018 / Notices
The rates announced in this
notice are applicable as of October 1,
2018.
DATES:
DEPARTMENT OF HOMELAND
SECURITY
U.S. Customs and Border Protection
FOR FURTHER INFORMATION CONTACT:
Bruce Ingalls, Revenue Division,
Collection Refunds & Analysis Branch,
6650 Telecom Drive, Suite #100,
Indianapolis, Indiana 46278; telephone
(317) 298–1107.
SUPPLEMENTARY INFORMATION:
[ADM–9–03 OT:RR:RD:TC H300753 MS]
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:
Background
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 October 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.
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 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.
SUMMARY:
khammond on DSK30JT082PROD 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
Ending date
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VerDate Sep<11>2014
18:32 Oct 25, 2018
Jkt 247001
PO 00000
Frm 00051
Fmt 4703
Sfmt 4703
In Revenue Ruling 2018–25, the IRS
determined the rates of interest for the
calendar quarter beginning October 1,
2018, and ending on December 31, 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 January 1, 2019, and ending
March 31, 2019.
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.
Under
payments
(percent)
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
E:\FR\FM\26OCN1.SGM
Overpayments
(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
26OCN1
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
Corporate
overpayments
(Eff. 1–1–99)
(percent)
6
7
8
54131
Federal Register / Vol. 83, No. 208 / Friday, October 26, 2018 / Notices
Beginning date
040101
070101
010102
010103
100103
040104
070104
100104
040105
100105
070106
010108
040108
070108
100108
010109
040109
010111
040111
100111
040116
040118
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Dated: October 23, 2018.
Samuel D. Grable,
Assistant Commissioner and Chief Financial
Officer, Office of Finance.
[FR Doc. 2018–23469 Filed 10–25–18; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOMELAND
SECURITY
Federal Emergency Management
Agency
[Internal Agency Docket No. FEMA–4393–
DR; Docket ID FEMA–2018–0001]
North Carolina; Amendment No. 4 to
Notice of a Major Disaster Declaration
Federal Emergency
Management Agency, DHS.
ACTION: Notice.
AGENCY:
(The following Catalog of Federal Domestic
Assistance Numbers (CFDA) are to be used
VerDate Sep<11>2014
18:32 Oct 25, 2018
for reporting and drawing funds: 97.030,
Community Disaster Loans; 97.031, Cora
Brown Fund; 97.032, Crisis Counseling;
97.033, Disaster Legal Services; 97.034,
Disaster Unemployment Assistance (DUA);
97.046, Fire Management Assistance Grant;
97.048, Disaster Housing Assistance to
Individuals and Households In Presidentially
Declared Disaster Areas; 97.049,
Presidentially Declared Disaster Assistance—
Disaster Housing Operations for Individuals
and Households; 97.050, Presidentially
Declared Disaster Assistance to Individuals
and Households—Other Needs; 97.036,
Disaster Grants—Public Assistance
(Presidentially Declared Disasters); 97.039,
Hazard Mitigation Grant.)
Brock Long,
Administrator, Federal Emergency
Management Agency.
BILLING CODE 9111–11–P
This notice amends the notice
of a major disaster declaration for the
State of North Carolina (FEMA–4393–
DR), dated September 14, 2018, and
related determinations.
DATES: This amendment was issued
October 10, 2018.
FOR FURTHER INFORMATION CONTACT:
Dean Webster, Office of Response and
Recovery, Federal Emergency
Management Agency, 500 C Street SW,
Washington, DC 20472, (202) 646–2833.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that the incident period for
this disaster is closed effective
September 29, 2018.
Jkt 247001
DEPARTMENT OF HOMELAND
SECURITY
Federal Emergency Management
Agency
[Internal Agency Docket No. FEMA–3401–
EM; Docket ID FEMA–2018–0001]
North Carolina; Amendment No. 1 to
Notice of an Emergency Declaration
Federal Emergency
Management Agency, DHS.
ACTION: Notice.
AGENCY:
PO 00000
Frm 00052
Fmt 4703
Sfmt 4703
Overpayments
(percent)
Corporate
overpayments
(Eff. 1–1–99)
(percent)
8
7
6
5
4
5
4
5
6
7
8
7
6
5
6
5
4
3
4
3
4
5
7
6
5
4
3
4
3
4
5
6
7
6
5
4
5
4
3
2
3
2
3
4
8
7
6
5
4
5
4
5
6
7
8
7
6
5
6
5
4
3
4
3
4
5
EM), dated September 10, 2018, and
related determinations.
This amendment was issued
October 10, 2018.
DATES:
FOR FURTHER INFORMATION CONTACT:
Dean Webster, Office of Response and
Recovery, Federal Emergency
Management Agency, 500 C Street SW,
Washington, DC 20472, (202) 646–2833.
Notice is
hereby given that the incident period for
this emergency is closed effective
September 29, 2018.
SUPPLEMENTARY INFORMATION:
(The following Catalog of Federal Domestic
Assistance Numbers (CFDA) are to be used
for reporting and drawing funds: 97.030,
Community Disaster Loans; 97.031, Cora
Brown Fund; 97.032, Crisis Counseling;
97.033, Disaster Legal Services; 97.034,
Disaster Unemployment Assistance (DUA);
97.046, Fire Management Assistance Grant;
97.048, Disaster Housing Assistance to
Individuals and Households In Presidentially
Declared Disaster Areas; 97.049,
Presidentially Declared Disaster Assistance—
Disaster Housing Operations for Individuals
and Households; 97.050, Presidentially
Declared Disaster Assistance to Individuals
and Households—Other Needs; 97.036,
Disaster Grants—Public Assistance
(Presidentially Declared Disasters); 97.039,
Hazard Mitigation Grant.)
Brock Long,
Administrator, Federal Emergency
Management Agency.
This notice amends the notice
of an emergency declaration for the
State of North Carolina (FEMA–3401–
SUMMARY:
Under
payments
(percent)
063001
123101
123102
093003
033104
063004
093004
033105
093005
063006
123107
033108
063008
093008
123108
033109
123110
033111
093011
033116
033118
123118
[FR Doc. 2018–23378 Filed 10–25–18; 8:45 am]
SUMMARY:
khammond on DSK30JT082PROD with NOTICES
Ending date
[FR Doc. 2018–23381 Filed 10–25–18; 8:45 am]
BILLING CODE 9111–11–P
E:\FR\FM\26OCN1.SGM
26OCN1
]]>Agencies
[Federal Register Volume 83, Number 208 (Friday, October 26, 2018)]
[Notices]
[Pages 54130-54131]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-23469]
[[Page 54130]]
-----------------------------------------------------------------------
DEPARTMENT OF HOMELAND SECURITY
U.S. Customs and Border Protection
[ADM-9-03 OT:RR:RD:TC H300753 MS]
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 October 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 October
1, 2018.
FOR FURTHER INFORMATION CONTACT: Bruce Ingalls, Revenue Division,
Collection Refunds & Analysis Branch, 6650 Telecom Drive, Suite #100,
Indianapolis, Indiana 46278; telephone (317) 298-1107.
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 2018-25, the IRS determined the rates of interest
for the calendar quarter beginning October 1, 2018, and ending on
December 31, 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 January 1, 2019, and ending March 31, 2019.
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 Overpayments 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
[[Page 54131]]
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.......................................... 123118 5 5 4
----------------------------------------------------------------------------------------------------------------
Dated: October 23, 2018.
Samuel D. Grable,
Assistant Commissioner and Chief Financial Officer, Office of Finance.
[FR Doc. 2018-23469 Filed 10-25-18; 8:45 am]
BILLING CODE 9111-14-P
