Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 64153-64154 [2020-22435]
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64153
Federal Register / Vol. 85, No. 197 / Friday, October 9, 2020 / Notices
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description of the organization
represented, and a written copy of their
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oral comments and presentations will be
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requested for the record. In addition,
any interested person may file written
comments with the Committee by
forwarding their statement to the
contact person listed on this notice. The
statement should include the name,
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Because of time constraints for the
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Dated: October 5, 2020.
Bruce Tibor Roberts,
Executive Secretary, DMICC, Office of
Scientific Program and Policy Analysis,
National Institute of Diabetes and Digestive
and Kidney Diseases, National Institutes of
Health.
[FR Doc. 2020–22354 Filed 10–8–20; 8:45 am]
BILLING CODE 4140–01–P
DEPARTMENT OF HOMELAND
SECURITY
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 October 1, 2020, the interest
rates for overpayments will be 2 percent
for corporations and 3 percent for noncorporations, and the interest rate for
underpayments will be 3 percent for
both corporations and non-corporations.
This notice is published for the
convenience of the importing public
and U.S. Customs and Border Protection
personnel.
DATES: The rates announced in this
notice are applicable as of October 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:
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
Beginning date
070174
070175
020176
020178
020180
020182
010183
070183
010185
070185
010186
070186
010187
100187
VerDate Sep<11>2014
17:26 Oct 08, 2020
Underpayments
(percent)
Ending date
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013180
013182
123182
063083
123184
063085
123185
063086
123186
093087
123187
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 2020–18, the IRS
determined the rates of interest for the
calendar quarter beginning October 1,
2020, and ending on December 31, 2020.
The interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (0%) plus three
percentage points (3%) for a total of
three percent (3%) for both corporations
and non-corporations. For corporate
overpayments, the rate is the Federal
short-term rate (0%) plus two
percentage points (2%) for a total of two
percent (2%). For overpayments made
by non-corporations, the rate is the
Federal short-term rate (0%) plus three
percentage points (3%) for a total of
three percent (3%). These interest rates
used to calculate interest on overdue
accounts (underpayments) and refunds
(overpayments) of customs duties
remain the same from the previous
quarter. These interest rates are subject
to change for the calendar quarter
beginning January 1, 2021, and ending
on March 31, 2021.
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.
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(percent)
Corporate
overpayments
(eff. 1–1–99)
(percent)
6
9
7
6
12
20
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64154
Federal Register / Vol. 85, No. 197 / Friday, October 9, 2020 / Notices
Beginning date
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
070120
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Dated: October 5, 2020.
Jeffrey Caine,
Chief Financial Officer, U.S. Customs and
Border Protection.
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–7027–N–32; OMB Control
No.: 2502–0404]
60-Day Notice of Proposed Information
Collection: Requirements for Single
Family Mortgage Instruments
Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
17:26 Oct 08, 2020
Jkt 253001
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HUD is seeking approval from
the Office of Management and Budget
(OMB) for the information collection
described below. In accordance with the
Paperwork Reduction Act, HUD is
requesting comment from all interested
parties on the proposed collection of
information. The purpose of this notice
is to allow for 60 days of public
comment.
BILLING CODE P
AGENCY:
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
063020
123120
SUMMARY:
[FR Doc. 2020–22435 Filed 10–8–20; 8:45 am]
VerDate Sep<11>2014
Underpayments
(percent)
Ending date
Comments Due Date: December
8, 2020.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
Control Number and should be sent to:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th Street
SW, Room 4176, Washington, DC
DATES:
PO 00000
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Overpayments
(percent)
Corporate
overpayments
(eff. 1–1–99)
(percent)
10
9
10
11
10
9
8
7
6
7
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20410–5000; telephone 202–402–3400
(this is not a toll-free number) or email
at Colette.Pollard@hud.gov for a copy of
the proposed forms or other available
information. Persons with hearing or
speech impairments may access this
number through TTY by calling the tollfree Federal Relay Service at (800) 877–
8339.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 7th Street
SW, Room 4176, Washington, DC
20410–5000; telephone 202–402–3400
(this is not a toll-free number) or email
at Colette.Pollard@hud.gov. Copies of
available documents submitted to OMB
may be obtained.
This
notice informs the public that HUD is
SUPPLEMENTARY INFORMATION:
E:\FR\FM\09OCN1.SGM
09OCN1
]]>Agencies
[Federal Register Volume 85, Number 197 (Friday, October 9, 2020)]
[Notices]
[Pages 64153-64154]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22435]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOMELAND SECURITY
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 October 1, 2020, the interest rates for overpayments
will be 2 percent for corporations and 3 percent for non-corporations,
and the interest rate for underpayments will be 3 percent for both
corporations and non-corporations. This notice is published for the
convenience of the importing public and U.S. Customs and Border
Protection personnel.
DATES: The rates announced in this notice are applicable as of October
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 2020-18, the IRS determined the rates of interest
for the calendar quarter beginning October 1, 2020, and ending on
December 31, 2020. The interest rate paid to the Treasury for
underpayments will be the Federal short-term rate (0%) plus three
percentage points (3%) for a total of three percent (3%) for both
corporations and non-corporations. For corporate overpayments, the rate
is the Federal short-term rate (0%) plus two percentage points (2%) for
a total of two percent (2%). For overpayments made by non-corporations,
the rate is the Federal short-term rate (0%) plus three percentage
points (3%) for a total of three percent (3%). These interest rates
used to calculate interest on overdue accounts (underpayments) and
refunds (overpayments) of customs duties remain the same from the
previous quarter. These interest rates are subject to change for the
calendar quarter beginning January 1, 2021, and ending on March 31,
2021.
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 ..............
[[Page 64154]]
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............................... 063020................. 5 5 4
070120............................... 123120................. 3 3 2
----------------------------------------------------------------------------------------------------------------
Dated: October 5, 2020.
Jeffrey Caine,
Chief Financial Officer, U.S. Customs and Border Protection.
[FR Doc. 2020-22435 Filed 10-8-20; 8:45 am]
BILLING CODE P
