Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 34774-34775 [2021-13924]

Download as PDF 34774 Federal Register / Vol. 86, No. 123 / Wednesday, June 30, 2021 / Notices TABLE 1—ANNUALIZED ESTIMATED BURDEN FOR 2022 NSDUH Number of respondents Instrument Total number of responses Hours per response Total burden hours Household Screening ........................................................... Interview ............................................................................... Screening Verification .......................................................... Interview Verification ............................................................ 168,674 67,507 5,060 10,126 1 1 1 1 168,674 67,507 5,060 10,126 0.083 1.000 0.067 0.067 14,000 67,507 339 678 Total .............................................................................. 168,674 ........................ 251,367 ........................ 82,524 Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Carlos Graham, Social Science Analyst. [FR Doc. 2021–13937 Filed 6–29–21; 8:45 am] BILLING CODE 4162–20–P DEPARTMENT OF HOMELAND SECURITY U.S. Customs and Border Protection beginning July 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 July 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 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 SUMMARY: 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 Beginning date jbell on DSKJLSW7X2PROD with NOTICES Responses per respondent 070174 070175 020176 020178 020180 020182 010183 070183 010185 070185 010186 070186 Ending date ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... VerDate Sep<11>2014 17:47 Jun 29, 2021 Jkt 253001 PO 00000 Frm 00062 Fmt 4703 on a quarterly basis. The rates effective for a quarter are determined during the first-month period of the previous quarter. In Revenue Ruling 2021–10, the IRS determined the rates of interest for the calendar quarter beginning July 1, 2021, and ending on September 30, 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 remain the same from the previous quarter. These interest rates are subject to change for the calendar quarter beginning October 1, 2021, and ending on December 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. Underpayments (percent) 063075 013176 013178 013180 013182 123182 063083 123184 063085 123185 063086 123186 Sfmt 4703 E:\FR\FM\30JNN1.SGM Overpayments (percent) 6 9 7 6 12 20 16 11 13 11 10 9 30JNN1 6 9 7 6 12 20 16 11 13 11 10 9 Corporate overpayments (Eff. 1–1–99) (percent) .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... 34775 Federal Register / Vol. 86, No. 123 / Wednesday, June 30, 2021 / Notices Beginning date 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 ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... ....................................................................................................... Dated: June 24, 2021. Jeffrey Caine, Chief Financial Officer, U.S. Customs and Border Protection. ACTION: BILLING CODE 9111–14–P DEPARTMENT OF HOMELAND SECURITY Transportation Security Administration Intent To Request Revision From OMB of One Current Public Collection of Information: Critical Facility Information of the Top 100 Most Critical Pipelines Transportation Security Administration, DHS. AGENCY: VerDate Sep<11>2014 17:47 Jun 29, 2021 Jkt 253001 Underpayments (percent) 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 093021 60-Day notice. The Transportation Security Administration (TSA) invites public comment on one currently approved Information Collection Request (ICR), Office of Management and Budget (OMB) control number 1652–0050, abstracted below that we will submit to OMB for a revision in compliance with the Paperwork Reduction Act (PRA). The ICR addresses a statutory requirement for TSA to develop and implement a plan to inspect critical pipeline systems. On May 26, 2021, OMB approved TSA’s request for an emergency revision of this collection to address the ongoing cybersecurity threat to pipeline systems and associated infrastructure. TSA is now seeking to SUMMARY: [FR Doc. 2021–13924 Filed 6–29–21; 8:45 am] jbell on DSKJLSW7X2PROD with NOTICES Ending date PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 Overpayments (percent) 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 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 Corporate overpayments (Eff. 1–1–99) (percent) .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... 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 renew and revise the collection as it expires on November 30, 2021. The ICR describes the nature of the information collection and its expected burden, which TSA is seeking to continue its collection of critical facility security information. Send your comments by August 30, 2021. ADDRESSES: Comments may be emailed to TSAPRA@dhs.gov or delivered to the TSA PRA Officer, Information Technology (IT), TSA–11, Transportation Security Administration, 6595 Springfield Center Drive, Springfield, VA 20598–6011 FOR FURTHER INFORMATION CONTACT: Christina A. Walsh at the above address, or by telephone (571) 227–2062. DATES: E:\FR\FM\30JNN1.SGM 30JNN1

Agencies

[Federal Register Volume 86, Number 123 (Wednesday, June 30, 2021)]
[Notices]
[Pages 34774-34775]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-13924]


=======================================================================
-----------------------------------------------------------------------

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 July 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 July 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 2021-10, the IRS determined the rates of interest 
for the calendar quarter beginning July 1, 2021, and ending on 
September 30, 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 remain the same from the 
previous quarter. These interest rates are subject to change for the 
calendar quarter beginning October 1, 2021, and ending on December 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  ...............

[[Page 34775]]

 
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.......................................          093021                3                3                2
----------------------------------------------------------------------------------------------------------------


    Dated: June 24, 2021.
Jeffrey Caine,
Chief Financial Officer, U.S. Customs and Border Protection.
[FR Doc. 2021-13924 Filed 6-29-21; 8:45 am]
BILLING CODE 9111-14-P