Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 72379-72380 [2019-28220]

Download as PDF 72379 Federal Register / Vol. 84, No. 250 / Tuesday, December 31, 2019 / Notices Time: 10:00 a.m. to 5:00 p.m. Agenda: To review and evaluate grant applications. Place: The Westgate Hotel, 1055 Second Avenue, San Diego, CA 92101. Contact Person: Weijia Ni, Ph.D., Chief/ Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 3100, MSC 7808, Bethesda, MD 20892, (301) 594– 3292, niw@csr.nih.gov. (Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393–93.396, 93.837–93.844, 93.846–93.878, 93.892, 93.893, Naonal Institutes of Health, HHS) Dated: December 23, 2019. Sylvia L. Neal, Program Analyst, Office of Federal Advisory Committee Policy. [FR Doc. 2019–28245 Filed 12–30–19; 8:45 am] Dated: December 23, 2019. Sylvia L. Neal, Program Analyst, Office of Federal Advisory Committee Policy. [FR Doc. 2019–28243 Filed 12–30–19; 8:45 am] BILLING CODE 4140–01–P DEPARTMENT OF HOMELAND SECURITY BILLING CODE 4140–01–P U.S. Customs and Border Protection DEPARTMENT OF HEALTH AND HUMAN SERVICES Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties National Institutes of Health National Institute of Arthritis and Musculoskeletal and Skin Diseases; Notice of Closed Meeting U.S. Customs and Border Protection, Department of Homeland Security. ACTION: General notice. AGENCY: Pursuant to section 10(d) of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meeting. The meeting will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy. khammond on DSKJM1Z7X2PROD with NOTICES Boulevard, Bethesda, MD 20892 (Telephone Conference Call). Contact Person: Yasuko Furumoto, Ph.D., Scientific Review Officer, Scientific Review Branch, National Institute of Arthritis, Musculoskeletal and Skin Diseases, 6701 Democracy Boulevard, Suite 820, Bethesda, MD 20892, 301–827–7835, yasuko.furumoto@nih.gov. (Catalogue of Federal Domestic Assistance Program Nos. 93.846, Arthritis, Musculoskeletal and Skin Diseases Research, National Institutes of Health, HHS) Name of Committee: National Institute of Arthritis and Musculoskeletal and Skin Diseases Special Emphasis Panel; Mechanistic Ancillary Studies Review Meeting. Date: February 20, 2020. Time: 11:00 a.m. to 4:00 p.m. Agenda: To review and evaluate grant applications. Place: National Institute of Arthritis, Musculoskeletal and Skin Diseases, One Democracy Plaza, 6701 Democracy 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 January 1, 2020, 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 January 1, 2020. SUMMARY: FOR FURTHER INFORMATION CONTACT: Bruce Ingalls, Revenue Division, Collection Refunds & Analysis Branch, 6650 Telecom Drive, Suite #100, Ending date 070174 ............................................................ 070175 ............................................................ 020176 ............................................................ 063075 ........................................................... 013176 ........................................................... 013178 ........................................................... 17:30 Dec 30, 2019 Jkt 250001 PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 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 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 2019–28, the IRS determined the rates of interest for the calendar quarter beginning January 1, 2020, and ending on March 31, 2020. 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 remaining the same from the previous quarter. These interest rates are subject to change for the calendar quarter beginning April 1, 2020, and ending on June 30, 2020. 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. Underpayments (percent) Beginning date VerDate Sep<11>2014 Indianapolis, Indiana 46278; telephone (317) 298–1107. SUPPLEMENTARY INFORMATION: E:\FR\FM\31DEN1.SGM Corporate overpayments (Eff. 1–1–99) (percent) Overpayments (percent) 6 9 7 31DEN1 6 9 7 ........................ ........................ ........................ 72380 Federal Register / Vol. 84, No. 250 / Tuesday, December 31, 2019 / Notices Beginning date khammond on DSKJM1Z7X2PROD with NOTICES 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 040116 040118 010119 070119 Underpayments (percent) Ending date ............................................................ ............................................................ ............................................................ 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............................................................ ............................................................ ............................................................ 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 033116 033118 123118 063019 033120 ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... 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Dated: December 23, 2019. Samuel D. Grable, Chief Financial Officer, U.S. Customs and Border Protection. DEPARTMENT OF THE INTERIOR [FR Doc. 2019–28220 Filed 12–30–19; 8:45 am] [FWS–R8–ES–2019–N166; FXES11130800000–201–FF08E00000] BILLING CODE 9111–14–P Fish and Wildlife Service, Interior. Jkt 250001 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 4 5 6 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 5 4 Notice of receipt of permit applications; request for comments. ACTION: We, the U.S. Fish and Wildlife Service, have received applications for permits to conduct activities intended to enhance the propagation or survival of endangered or threatened species under the Endangered Species Act. We invite the public and local, State, Tribal, and Federal agencies to comment on these applications. Before issuing any of the SUMMARY: AGENCY: 17:30 Dec 30, 2019 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 4 5 6 5 Fish and Wildlife Service Endangered and Threatened Species; Receipt of Recovery Permit Applications VerDate Sep<11>2014 Corporate overpayments (Eff. 1–1–99) (percent) Overpayments (percent) PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 E:\FR\FM\31DEN1.SGM 31DEN1

Agencies

[Federal Register Volume 84, Number 250 (Tuesday, December 31, 2019)]
[Notices]
[Pages 72379-72380]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-28220]


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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 January 1, 2020, 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 January 
1, 2020.

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 2019-28, the IRS determined the rates of interest 
for the calendar quarter beginning January 1, 2020, and ending on March 
31, 2020. 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 remaining the same from the 
previous quarter. These interest rates are subject to change for the 
calendar quarter beginning April 1, 2020, and ending on June 30, 2020.
    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-      Over- payments   overpayments
            Beginning date                     Ending date           payments        (percent)     (Eff. 1-1-99)
                                                                     (percent)                       (percent)
----------------------------------------------------------------------------------------------------------------
070174................................  063075..................               6               6  ..............
070175................................  013176..................               9               9  ..............
020176................................  013178..................               7               7  ..............

[[Page 72380]]

 
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................................  033116..................               3               3               2
040116................................  033118..................               4               4               3
040118................................  123118..................               5               5               4
010119................................  063019..................               6               6               5
070119................................  033120..................               5               5               4
----------------------------------------------------------------------------------------------------------------


    Dated: December 23, 2019.
Samuel D. Grable,
Chief Financial Officer, U.S. Customs and Border Protection.
[FR Doc. 2019-28220 Filed 12-30-19; 8:45 am]
 BILLING CODE 9111-14-P