Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds, 802 [2022-00051]

Download as PDF 802 Federal Register / Vol. 87, No. 4 / Thursday, January 6, 2022 / Notices Dated: December 22, 2021. Andrea M. Gacki, Director, Office of Foreign Assets Control, U.S. Department of the Treasury. [FR Doc. 2022–00001 Filed 1–5–22; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Distilled Spirits Credit Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning guidance on the distilled spirits credit. DATES: Written comments should be received on or before March 7, 2022 to be assured of consideration. ADDRESSES: Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or to omb.unit@irs.gov. Please include, ‘‘OMB Number: 1545–1522—Public Comment Request Notice’’ in the Subject line. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form should be directed to Kerry Dennis at (202) 317–5751, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington DC 20224, or through the internet, at Kerry.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: Distilled Spirits Credit. OMB Number: 1545–1982. Form Number: 8906. Abstract: Form 8906, Distilled Spirits Credit, was developed to carry out the provisions of IRC section 5011(a). This section allows eligible wholesalers and persons subject to IRC section 5055 an income tax credit for the average cost of carrying excise tax on bottled distilled spirits. The form provides a means for the eligible taxpayer to compute the amount of credit. Current Actions: There is no change to the existing form or burden at this time. Type of Review: Extension of a currently approved collection. TKELLEY on DSK125TN23PROD with NOTICE SUMMARY: VerDate Sep<11>2014 18:13 Jan 05, 2022 Jkt 256001 Affected Public: Businesses and other for-profit, organizations, and farms. Estimated Number of Respondents: 300. Estimated Time per Respondent: 1 hour, 52 minutes. Estimated Total Annual Burden Hours: 558 hours. The following paragraph applies to all the collections of information covered by this notice. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained if their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: January 3, 2022. Kerry L. Dennis, Tax Analyst. [FR Doc. 2022–00024 Filed 1–5–22; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Interest Rate Paid on Cash Deposited To Secure U.S. Immigration and Customs Enforcement Immigration Bonds Departmental Offices, Treasury. Notice. AGENCY: ACTION: For the period beginning January 1, 2022, and ending on March 31, 2022, the U.S. Immigration and Customs Enforcement Immigration SUMMARY: PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 Bond interest rate is .06 per centum per annum. DATES: Rates are applicable January 1, 2022 to March 31, 2022. ADDRESSES: Comments or inquiries may be mailed to Will Walcutt, Supervisor, Funds Management Branch, Funds Management Division, Fiscal Accounting, Bureau of the Fiscal Services, Parkersburg, West Virginia 26106–1328. You can download this notice at the following internet addresses: <https:// www.treasury.gov> or <https:// www.federalregister.gov>. FOR FURTHER INFORMATION CONTACT: Ryan Hanna, Manager, Funds Management Branch, Funds Management Division, Fiscal Accounting, Bureau of the Fiscal Service, Parkersburg, West Virginia 261006–1328 (304) 480–5120; Will Walcutt, Supervisor, Funds Management Branch, Funds Management Division, Fiscal Accounting, Bureau of the Fiscal Services, Parkersburg, West Virginia 26106–1328, (304) 480–5117. SUPPLEMENTARY INFORMATION: Federal law requires that interest payments on cash deposited to secure immigration bonds shall be ‘‘at a rate determined by the Secretary of the Treasury, except that in no case shall the interest rate exceed 3 per centum per annum.’’ 8 U.S.C. 1363(a). Related Federal regulations state that ‘‘Interest on cash deposited to secure immigration bonds will be at the rate as determined by the Secretary of the Treasury, but in no case will exceed 3 per centum per annum or be less than zero.’’ 8 CFR 293.2. Treasury has determined that interest on the bonds will vary quarterly and will accrue during each calendar quarter at a rate equal to the lesser of the average of the bond equivalent rates on 91-day Treasury bills auctioned during the preceding calendar quarter, or 3 per centum per annum, but in no case less than zero. [80 FR 45018]. In addition to this Notice, Treasury posts the current quarterly rate in Table 2b—Interest Rates for Specific Legislation on the TreasuryDirect website. The Deputy Assistant Secretary for Public Finance, Gary Grippo, having reviewed and approved this document, is delegating the authority to electronically sign this document to Heidi Cohen, Federal Register Liaison for the Department, for purposes of publication in the Federal Register. Heidi Cohen, Federal Register Liaison. [FR Doc. 2022–00051 Filed 1–5–22; 8:45 am] BILLING CODE 4810–AS–P E:\FR\FM\06JAN1.SGM 06JAN1

Agencies

[Federal Register Volume 87, Number 4 (Thursday, January 6, 2022)]
[Notices]
[Page 802]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-00051]


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DEPARTMENT OF THE TREASURY


Interest Rate Paid on Cash Deposited To Secure U.S. Immigration 
and Customs Enforcement Immigration Bonds

AGENCY: Departmental Offices, Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: For the period beginning January 1, 2022, and ending on March 
31, 2022, the U.S. Immigration and Customs Enforcement Immigration Bond 
interest rate is .06 per centum per annum.

DATES: Rates are applicable January 1, 2022 to March 31, 2022.

ADDRESSES: Comments or inquiries may be mailed to Will Walcutt, 
Supervisor, Funds Management Branch, Funds Management Division, Fiscal 
Accounting, Bureau of the Fiscal Services, Parkersburg, West Virginia 
26106-1328.
    You can download this notice at the following internet addresses: 
<https://www.treasury.gov> or <https://www.federalregister.gov>.

FOR FURTHER INFORMATION CONTACT: Ryan Hanna, Manager, Funds Management 
Branch, Funds Management Division, Fiscal Accounting, Bureau of the 
Fiscal Service, Parkersburg, West Virginia 261006-1328 (304) 480-5120; 
Will Walcutt, Supervisor, Funds Management Branch, Funds Management 
Division, Fiscal Accounting, Bureau of the Fiscal Services, 
Parkersburg, West Virginia 26106-1328, (304) 480-5117.

SUPPLEMENTARY INFORMATION: Federal law requires that interest payments 
on cash deposited to secure immigration bonds shall be ``at a rate 
determined by the Secretary of the Treasury, except that in no case 
shall the interest rate exceed 3 per centum per annum.'' 8 U.S.C. 
1363(a). Related Federal regulations state that ``Interest on cash 
deposited to secure immigration bonds will be at the rate as determined 
by the Secretary of the Treasury, but in no case will exceed 3 per 
centum per annum or be less than zero.'' 8 CFR 293.2. Treasury has 
determined that interest on the bonds will vary quarterly and will 
accrue during each calendar quarter at a rate equal to the lesser of 
the average of the bond equivalent rates on 91-day Treasury bills 
auctioned during the preceding calendar quarter, or 3 per centum per 
annum, but in no case less than zero. [80 FR 45018]. In addition to 
this Notice, Treasury posts the current quarterly rate in Table 2b--
Interest Rates for Specific Legislation on the TreasuryDirect website.
    The Deputy Assistant Secretary for Public Finance, Gary Grippo, 
having reviewed and approved this document, is delegating the authority 
to electronically sign this document to Heidi Cohen, Federal Register 
Liaison for the Department, for purposes of publication in the Federal 
Register.

Heidi Cohen,
Federal Register Liaison.
[FR Doc. 2022-00051 Filed 1-5-22; 8:45 am]
BILLING CODE 4810-AS-P
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