Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 19002-19004 [2020-06974]
Download as PDF
<![CDATA[
19002
Federal Register / Vol. 85, No. 65 / Friday, April 3, 2020 / Notices
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
[Docket No. USCG–2010–0164]
National Boating Safety Advisory
Council; April 2020 Teleconference
U.S. Coast Guard, Department
of Homeland Security.
ACTION: Notice of Federal Advisory
Committee teleconference meeting.
AGENCY:
The National Boating Safety
Advisory Council (Council) and its
working groups will meet via
teleconference to discuss matters
relating to recreational boating safety.
These meetings will be open to the
public.
SUMMARY:
Meeting: The National Boating
Safety Advisory Council and its working
groups will meet by teleconference on
Wednesday, April 22, 2020, from 1:00
p.m. until 5:00 p.m. (Eastern Daylight
Time). The teleconference may adjourn
early if the Council has completed its
business.
Comments and supporting
documentation: To ensure your
comments are received by Council
members before the teleconference,
submit your written comments no later
than April 15, 2020.
ADDRESSES: To join the teleconference
or to request special accommodations,
contact the individual listed in the FOR
FURTHER INFORMATION CONTACT section
no later than 1 p.m. on April 15, 2020,
to obtain the needed information. The
number of teleconference lines is
limited and will be available on a firstcome, first-served basis.
Instructions: You are free to submit
comments at any time, including orally
at the teleconference as time permits,
but if you want Council members to
review your comment before the
teleconference, please submit your
comments no later than April 15, 2020.
We are particularly interested in
comments on the issues in the
‘‘Agenda’’ section below. We encourage
you to submit comments through the
Federal eRulemaking Portal at https://
www.regulations.gov. If your material
cannot be submitted using https://
www.regulations.gov, call or email the
individual in the FOR FURTHER
INFORMATION CONTACT section of this
document for alternate instructions. You
must include the docket number
[USCG–2010–0164]. Comments received
will be posted without alteration at
https://www.regulations.gov, including
any personal information provided. For
more about privacy and submissions in
jbell on DSKJLSW7X2PROD with NOTICES
DATES:
VerDate Sep<11>2014
17:45 Apr 02, 2020
Jkt 250001
response to this document, see DHS’s
eRulemaking System of Records notice
(85 FR 14226, March 11, 2020). If you
encounter technical difficulties with
comment submission, contact the
individual listed in the FOR FURTHER
INFORMATION CONTACT section of this
notice.
Docket Search: Documents mentioned
in this notice as being available in the
docket, and all public comments, will
be in our online docket at https://
www.regulations.gov and can be viewed
by following that website’s instructions.
Additionally, if you go to the online
docket and sign-up for email alerts, you
will be notified when comments are
posted.
Mr.
Jeff Decker, Alternate Designated
Federal Officer of the National Boating
Safety Advisory Council, 2703 Martin
Luther King Jr. Ave SE, Stop 7509,
Washington, DC 20593–7509, telephone
202–372–1507 or NBSAC@uscg.mil.
SUPPLEMENTARY INFORMATION: Notice of
this meeting is given pursuant to the
Federal Advisory Committee Act, (5
U.S.C., Appendix). Congress established
the National Boating Safety Advisory
Council in the Federal Boat Safety Act
of 1971 (Public Law 92–75). The
National Boating Safety Advisory
Council provides advice and
recommendations to the Department of
Homeland Security on matters relating
to recreational vessels and associated
equipment and on other safety matters
related to recreational vessels.
FOR FURTHER INFORMATION CONTACT:
Agenda
The agenda for the National Boating
Safety Advisory Council meeting is as
follows:
Wednesday, April 22, 2020
(1) Call to Order.
(2) Opening remarks.
(3) Receipt and discussion of the
following reports from the Office of
Auxiliary and Boating Safety:
(a) Update on the U.S. Coast Guard’s
implementation of National Boating
Safety Advisory Council
Recommendations and Recreational
Boating Safety Program Report.
(b) Alternate Designated Federal
Officer’s report concerning Council
administrative and logistical matters
including updates on key elements
affecting the Council.
(c) 2019 National Recreational Boating
Safety Survey Results.
(d) BSX–22 update on the National
Recreational Boating Grant Program.
(e) Update on the current USCG RBS
Strategic Plan and discussion of the
2022–2026 Strategic Plan.
PO 00000
Frm 00090
Fmt 4703
Sfmt 4703
(4) National Boating Safety Advisory
Council discussion on initiating a
boating safety program on the use and
benefits of cut-off switches for
recreational vessels.
(5) National Boating Safety Advisory
Council discussion on exemption from
carriage of throwable personal flotation
devices requirement for rafts over 16
feet in length.
(6) National Boating Safety Advisory
Council discussion on Associated
Equipment; specifically related to
protective gear for Personal Watercraft
operators and passengers and in general
when applied to all boats.
(7) Update of the National Association
of State Boating Law Administrator’s
Engineering, Research and Analysis
committee’s work over the past year and
next steps.
(8) Presentation and discussion on the
Sport Fish Restoration and Boating
Safety Trust Fund.
(9) Closing remarks/plans for next
meeting.
(10) Adjournment of meeting.
A copy of all meeting documentation
will be available at https://
homeport.uscg.mil/missions/ports-andwaterways/safety-advisory-committees/
nbsac no later than April 15, 2020.
Alternatively, you may contact Mr. Jeff
Decker as noted in the FOR FURTHER
INFORMATION CONTACT section above.
During the April 22, 2020
teleconference, a public comment
period will be held from approximately
3:00 p.m.–3:30 p.m. Public comments
will be limited to two minutes per
speaker. Please note that the public
comment periods will end following the
last call for comments.
Please contact the individual listed in
the FOR FURTHER INFORMATION CONTACT
section, to register as a speaker.
Dated: March 30, 2020.
David Barata,
Captain, U.S. Coast Guard, Director of
Inspections and Compliance.
[FR Doc. 2020–06964 Filed 4–2–20; 8:45 am]
BILLING CODE 9110–04–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:
E:\FR\FM\03APN1.SGM
03APN1
19003
Federal Register / Vol. 85, No. 65 / Friday, April 3, 2020 / Notices
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 April 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.
SUMMARY:
The rates announced in this
notice are applicable as of April 1, 2020.
DATES:
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 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 2020–7, the IRS
determined the rates of interest for the
calendar quarter beginning April 1,
2020, and ending on June 30, 2020. The
interest rate paid to the Treasury for
underpayments will be the Federal
jbell on DSKJLSW7X2PROD 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
010103
100103
040104
Ending date
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
VerDate Sep<11>2014
17:45 Apr 02, 2020
Jkt 250001
PO 00000
Frm 00091
Fmt 4703
Sfmt 4703
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 July 1, 2020, and ending on
September 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)
Overpayments
(percent)
Corporate
overpayments
(Eff. 1–1–99)
(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
5
4
5
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
5
4
5
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
6
7
8
7
6
5
4
3
4
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
093003
033104
063004
E:\FR\FM\03APN1.SGM
03APN1
19004
Federal Register / Vol. 85, No. 65 / Friday, April 3, 2020 / Notices
Beginning date
070104
100104
040105
100105
070106
010108
040108
070108
100108
010109
040109
010111
040111
100111
040116
040118
010119
070119
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
...........................................................................................................
Dated: March 30, 2020.
Jeffrey Caine,
Acting Chief Financial Officer, U.S. Customs
and Border Protection.
[FR Doc. 2020–06974 Filed 4–2–20; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOMELAND
SECURITY
Federal Emergency Management
Agency
[Docket ID FEMA–2020–0002; Internal
Agency Docket No. FEMA–B–2023]
Changes in Flood Hazard
Determinations
Federal Emergency
Management Agency, DHS.
ACTION: Notice.
AGENCY:
This notice lists communities
where the addition or modification of
Base Flood Elevations (BFEs), base flood
depths, Special Flood Hazard Area
(SFHA) boundaries or zone
designations, or the regulatory floodway
(hereinafter referred to as flood hazard
determinations), as shown on the Flood
Insurance Rate Maps (FIRMs), and
where applicable, in the supporting
Flood Insurance Study (FIS) reports,
prepared by the Federal Emergency
Management Agency (FEMA) for each
community, is appropriate because of
new scientific or technical data. The
FIRM, and where applicable, portions of
the FIS report, have been revised to
reflect these flood hazard
determinations through issuance of a
Letter of Map Revision (LOMR), in
accordance with Federal Regulations.
The LOMR will be used by insurance
agents and others to calculate
SUMMARY:
jbell on DSKJLSW7X2PROD with NOTICES
Ending date
VerDate Sep<11>2014
17:45 Apr 02, 2020
Jkt 250001
Underpayments
(percent)
Overpayments
(percent)
Corporate
overpayments
(Eff. 1–1–99)
(percent)
4
5
6
7
8
7
6
5
6
5
4
3
4
3
4
5
6
5
4
5
6
7
8
7
6
5
6
5
4
3
4
3
4
5
6
5
3
4
5
6
7
6
5
4
5
4
3
2
3
2
3
4
5
4
093004
033105
093005
063006
123107
033108
063008
093008
123108
033109
123110
033111
093011
033116
033118
123118
063019
093020
appropriate flood insurance premium
rates for new buildings and the contents
of those buildings. For rating purposes,
the currently effective community
number is shown in the table below and
must be used for all new policies and
renewals.
DATES: These flood hazard
determinations will be finalized on the
dates listed in the table below and
revise the FIRM panels and FIS report
in effect prior to this determination for
the listed communities.
From the date of the second
publication of notification of these
changes in a newspaper of local
circulation, any person has 90 days in
which to request through the
community that the Deputy Associate
Administrator for Insurance and
Mitigation reconsider the changes. The
flood hazard determination information
may be changed during the 90-day
period.
ADDRESSES: The affected communities
are listed in the table below. Revised
flood hazard information for each
community is available for inspection at
both the online location and the
respective community map repository
address listed in the table below.
Additionally, the current effective FIRM
and FIS report for each community are
accessible online through the FEMA
Map Service Center at https://
msc.fema.gov for comparison.
Submit comments and/or appeals to
the Chief Executive Officer of the
community as listed in the table below.
FOR FURTHER INFORMATION CONTACT: Rick
Sacbibit, Chief, Engineering Services
Branch, Federal Insurance and
Mitigation Administration, FEMA, 400
C Street SW, Washington, DC 20472,
(202) 646–7659, or (email)
PO 00000
Frm 00092
Fmt 4703
Sfmt 4703
patrick.sacbibit@fema.dhs.gov; or visit
the FEMA Mapping and Insurance
eXchange (FMIX) online at https://
www.floodmaps.fema.gov/fhm/fmx_
main.html.
The
specific flood hazard determinations are
not described for each community in
this notice. However, the online
location and local community map
repository address where the flood
hazard determination information is
available for inspection is provided.
Any request for reconsideration of
flood hazard determinations must be
submitted to the Chief Executive Officer
of the community as listed in the table
below.
The modifications are made pursuant
to section 201 of the Flood Disaster
Protection Act of 1973, 42 U.S.C. 4105,
and are in accordance with the National
Flood Insurance Act of 1968, 42 U.S.C.
4001 et seq., and with 44 CFR part 65.
The FIRM and FIS report are the basis
of the floodplain management measures
that the community is required either to
adopt or to show evidence of having in
effect in order to qualify or remain
qualified for participation in the
National Flood Insurance Program
(NFIP).
These flood hazard determinations,
together with the floodplain
management criteria required by 44 CFR
60.3, are the minimum that are required.
They should not be construed to mean
that the community must change any
existing ordinances that are more
stringent in their floodplain
management requirements. The
community may at any time enact
stricter requirements of its own or
pursuant to policies established by other
Federal, State, or regional entities. The
SUPPLEMENTARY INFORMATION:
E:\FR\FM\03APN1.SGM
03APN1
]]>Agencies
[Federal Register Volume 85, Number 65 (Friday, April 3, 2020)]
[Notices]
[Pages 19002-19004]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-06974]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
[[Page 19003]]
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 April 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 April 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 2020-7, the IRS determined the rates of interest
for the calendar quarter beginning April 1, 2020, and ending on June
30, 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 July 1, 2020, and ending on September 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
Underpayments 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
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
[[Page 19004]]
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......................................... 093020 5 5 4
----------------------------------------------------------------------------------------------------------------
Dated: March 30, 2020.
Jeffrey Caine,
Acting Chief Financial Officer, U.S. Customs and Border Protection.
[FR Doc. 2020-06974 Filed 4-2-20; 8:45 am]
BILLING CODE 9111-14-P
