Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 86573-86575 [2020-28821]

Download as PDF Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices The meetings 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/or contract proposals 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 and/or contract proposals, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy. Name of Committee: National Cancer Institute Special Emphasis Panel; Sponsor and Regulatory Oversight Support TEP. Date: January 26, 2021. Time: 10:00 a.m. to 5:00 p.m. Agenda: To review and evaluate contract proposals. Place: National Cancer Institute at Shady Grove, 9609 Medical Center Drive, Room 7W102, Rockville, Maryland 20850 (Telephone Conference Call). Contact Person: Shakeel Ahmad, Ph.D., Chief Research Technology and Contract Review Branch, Division of Extramural Activities, National Cancer Institute, NIH, 9609 Medical Center Drive, Room 7W102, Rockville, Maryland 20850, 240–276–6442, ahmads@mail.nih.gov. Name of Committee: National Cancer Institute Special Emphasis Panel; NCI Program Project (P01) Review III. Date: February 17–18, 2021. Time: 9:00 a.m. to 6:00 p.m. Agenda: To review and evaluate grant applications. Place: National Cancer Institute at Shady Grove, 9609 Medical Center Drive, Room 7W240, Rockville, Maryland 20850 (Telephone Conference Call). Contact Person: Hasan Siddiqui, Ph.D., Scientific Review Officer, Special Review Branch, Division of Extramural Activities, National Cancer Institute, NIH, 9609 Medical Center Drive, Room 7W240, Rockville, Maryland 20850, 240–276–5122, hasan.siddiqui@nih.gov. Name of Committee: National Cancer Institute Special Emphasis Panel; SEP–8: Research Answers to NCI Provocative Questions. Date: February 25, 2021. Time: 12:00 p.m. to 2:00 p.m. Agenda: To review and evaluate grant applications. Place: National Cancer Institute at Shady Grove, 9609 Medical Center Drive, Room 7W248, Rockville, Maryland 20850 (Telephone Conference Call). Contact Person: Shree Ram Singh, Ph.D., Scientific Review Officer, Special Review Branch, Division of Extramural Activities, National Cancer Institute, NIH, 9609 Medical Center Drive, Room 7W248, Rockville, Maryland 20850, 240–672–6175, singhshr@ mail.nih.gov. Name of Committee: National Cancer Institute Special Emphasis Panel; Research to Reduce Morbidity and Improve Care for VerDate Sep<11>2014 17:47 Dec 29, 2020 Jkt 253001 Pediatric and AYA Cancer Survivors (R01/ R21). Date: March 4–5, 2021. Time: 11:00 p.m. to 5:00 p.m. Agenda: To review and evaluate grant applications. Place: National Cancer Institute at Shady Grove, 9609 Medical Center Drive, Room 7W606, Rockville, Maryland 20850 (Telephone Conference Call). Contact Person: Timothy C. Meeker, M.D., Scientific Review Officer, Special Review Branch, Division of Extramural Activities, National Cancer Institute, NIH, 9609 Medical Center Drive, Room 7W606, Rockville, Maryland 20850, 240–276–6464, meekert@ mail.nih.gov. Name of Committee: National Cancer Institute Special Emphasis Panel; Aging, Cancer Initiating Cells, and Cancer Progression (U01). Date: March 18, 2021. Time: 12:00 p.m. to 4:30 p.m. Agenda: To review and evaluate grant applications. Place: National Cancer Institute at Shady Grove 9609 Medical Center Drive, Room 7W606, Rockville, Maryland 20850 (Telephone Conference Call) Contact Person: Timothy C. Meeker, M.D., Scientific Review Officer, Special Review Branch, Division of Extramural Activities, National Cancer Institute, NIH, 9609 Medical Center Drive, Room 7W606, Rockville, Maryland 20850, 240–276–6464, meekert@ mail.nih.gov. (Catalogue of Federal Domestic Assistance Program Nos. 93.392, Cancer Construction; 93.393, Cancer Cause and Prevention Research; 93.394, Cancer Detection and Diagnosis Research; 93.395, Cancer Treatment Research; 93.396, Cancer Biology Research; 93.397, Cancer Centers Support; 93.398, Cancer Research Manpower; 93.399, Cancer Control, National Institutes of Health, HHS) Dated: December 23, 2020. Melanie J. Pantoja, Program Analyst, Office of Federal Advisory Committee Policy. [FR Doc. 2020–28840 Filed 12–29–20; 8:45 am] BILLING CODE 4140–01–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 SUMMARY: PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 86573 (underpayments) and refunds (overpayments) of customs duties will remain the same from the previous quarter. For the calendar quarter beginning January 1, 2021, 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 January 1, 2021. 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 2020–28, the IRS determined the rates of interest for the calendar quarter beginning January 1, 2021, and ending on March 31, 2021. 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 E:\FR\FM\30DEN1.SGM 30DEN1 86574 Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices remain the same from the previous quarter. These interest rates are subject to change for the calendar quarter beginning April 1, 2021, and ending on June 30, 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 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 070104 100104 040105 100105 070106 010108 040108 070108 100108 010109 040109 010111 040111 100111 040116 040118 010119 070119 070120 VerDate Sep<11>2014 17:47 Dec 29, 2020 Under payments (percent) Ending date ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ ............................................................ Jkt 253001 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 093004 033105 093005 063006 123107 033108 063008 093008 123108 033109 123110 033111 093011 033116 033118 123118 063019 063020 033121 PO 00000 calculate interest on overdue accounts and refunds of customs duties, is published in summary format. ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... ........................................................... Frm 00046 Fmt 4703 Sfmt 4703 E:\FR\FM\30DEN1.SGM Corporate overpayments (eff. 1–1–99) (percent) Over payments (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 4 5 6 7 8 7 6 5 6 5 4 3 4 3 4 5 6 5 3 30DEN1 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 4 5 6 7 8 7 6 5 6 5 4 3 4 3 4 5 6 5 3 ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ 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 2 Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices Dated: December 22, 2020. Jeffrey Caine, Chief Financial Officer, U.S. Customs and Border Protection. FOR FURTHER INFORMATION CONTACT: Thomas Friedman, Transportation Security Administration, 6595 Springfield Center Drive, Springfield, VA 20598–6028; telephone (571) 227– 3555 OR (202) 236–3786; email Thomas.Friedman@tsa.dhs.gov OR Air Cargo Branch, TSA at the above address. SUPPLEMENTARY INFORMATION: [FR Doc. 2020–28821 Filed 12–29–20; 8:45 am] BILLING CODE 9111–14–P DEPARTMENT OF HOMELAND SECURITY Transportation Security Administration Notice of Meeting Transportation Security Administration, Department of Homeland Security (DHS). ACTION: Notice. AGENCY: Pursuant to standards of the International Civil Aviation Organization (ICAO), effective June 30, 2021, all international air-cargo transported on commercial aircraft must be screened by the aircraft operator or received from another regulated entity that has applied security controls that satisfy the international standards. The Transportation Security Administration (TSA) intends to implement a new program that meets the ICAO standards for an alternative to screening and is announcing a closed meeting with representatives of e-commerce fulfillment centers, manufacturers, shippers, suppliers, warehouses, and third-party logistics providers who ship international air cargo to discuss this alternative framework. This meeting will be closed to the public. Participation is limited and all participants must be validated by TSA as a representative of one of the industries identified above and obtain clearance from TSA for access to Sensitive Security Information (SSI). In light of the COVID–19 public health crisis, the meeting will be virtual. DATES: This meeting will occur on Wednesday, January 13, 2021, beginning at 9:00 a.m. (Eastern Standard Time). Requests to attend the meeting must be received by the individual listed in FOR FURTHER INFORMATION CONTACT on or before January 6, 2021. ADDRESSES: Additional information on SSI can be found at the following link: https://www.tsa.gov/for-industry/ sensitive-security-information. Due to the COVID–19 public health crisis, the meeting will be held virtually. See Participation at the Meeting below for information on how to register to attend the meeting. TSA will provide participation and other information to qualified participants in advance of the meeting. SUMMARY: VerDate Sep<11>2014 17:47 Dec 29, 2020 Jkt 253001 Background Effective June 30, 2021, international standards require that all international air cargo carried by commercial air carriers (passenger and all-cargo) be screened or received from an entity that has applied security controls and/or screened the cargo. On April 10, 2020, TSA published a Request for Information (RFI): Air Cargo Security Options to Mitigate Costs of Compliance with International Security Requirements.1 The RFI requested information from the public, specifically the air cargo industry, relating to compliance with international security standards for the transport of air cargo.2 TSA extended the comment period for the RFI and held a public meeting on July 29, 2020, to provide information to assist the public in submitting comments and obtain feedback from the industry.3 Through the RFI, TSA specifically sought information regarding options to reduce the burden on U.S. and foreign all-cargo aircraft operators in complying with the international standards, such as security controls implemented throughout the supply chain that provides a level of security commensurate with the screening of cargo before air transport. Closed Meeting On January 13, 2021, TSA will hold a closed meeting to present a new program that e-commerce fulfillment centers, manufacturers, shippers, suppliers, warehouses, and third-party logistics providers who ship international air cargo could voluntarily choose to participate in as an alternative to having their air cargo screened by a TSA-regulated commercial air carrier. This discussion requires participants to speak freely about issues that would be detrimental to transportation safety and security if disclosed. Pursuant to the requirements in Title 49 of the United States Code (U.S.C.) 1 See 85 FR 20234 (April 10, 2020). considered are limited to the transport of air cargo on all-cargo aircraft. All cargo transported on passenger aircraft must be screened as required by TSA’s regulations, which implement 49 U.S.C. 44901(g). 3 See 85 FR 37958 (June 24, 2020) and transcript available at www.regulations.gov under Docket No. TSA–2020–0001. 2 Options PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 86575 sections 114(r) and 44912(d), and implementing regulations in title 49 of the Code of Federal Regulations (CFR) part 1520, this meeting will be closed to the public to protect against disclosure of SSI. SSI protections apply to information related to development of procedures and facilities ‘‘to protect passengers and property against acts of criminal violence, aircraft privacy, and terrorism and to ensure security.’’ 4 All participants must either be ‘‘covered persons’’ as defined in 49 CFR 1520.7, or otherwise designated by TSA as a ‘‘covered person’’ for purposes of this event. Participants will be required to sign a non-disclosure agreement, which includes acknowledgment of TSA’s SSI requirements, and ensure that any information received or otherwise communicated is properly protected. The responsibilities of participants to safeguard all SSI disclosed during or related to this meeting will continue after the conclusion of the industry day event. Participation at the Meeting In addition to providing invitations to relevant associations and corporate representatives known to TSA through its regular stakeholder engagements, TSA also invites representatives of manufacturers, shippers, suppliers, warehouses, e-commerce fulfillment centers, third-party logistics providers that rely on international air cargo transportation for commercial purposes. Participants will be encouraged to share their feedback about TSA’s proposed alternate framework to assist industry in implementing the new ICAO standards. Persons within these industries are encouraged to contact the individual noted in the FOR FURTHER INFORMATION CONTACT section of this notice for additional information. Participation in the meeting is limited to individuals that TSA determines represent industry entities potentially and directly affected by the international standards. TSA will limit participation to no more than two individuals per association or company. All participants must be approved by TSA for access to SSI and must sign a Non-Disclosure Agreement in advance of the meeting. Further attendance information will be provided to qualified participants. The meeting on January 13, 2021, is scheduled to be a full-day meeting beginning at 9:00 a.m. (Eastern Standard 4 See E:\FR\FM\30DEN1.SGM 49 U.S.C. 44912(d). 30DEN1

Agencies

[Federal Register Volume 85, Number 250 (Wednesday, December 30, 2020)]
[Notices]
[Pages 86573-86575]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-28821]


=======================================================================
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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, 2021, 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 January 
1, 2021.

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 2020-28, the IRS determined the rates of interest 
for the calendar quarter beginning January 1, 2021, and ending on March 
31, 2021. 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

[[Page 86574]]

remain the same from the previous quarter. These interest rates are 
subject to change for the calendar quarter beginning April 1, 2021, and 
ending on June 30, 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
                                                                  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  ..............
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................................  033121..................               3               3               2
----------------------------------------------------------------------------------------------------------------



[[Page 86575]]

    Dated: December 22, 2020.
Jeffrey Caine,
Chief Financial Officer, U.S. Customs and Border Protection.
[FR Doc. 2020-28821 Filed 12-29-20; 8:45 am]
BILLING CODE 9111-14-P