Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds of Customs Duties, 2957-2958 [2023-00836]
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2957
Federal Register / Vol. 88, No. 11 / Wednesday, January 18, 2023 / Notices
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
DEPARTMENT OF HOMELAND
SECURITY
National Institutes of Health
U.S. Customs and Border Protection
National Institute of Arthritis and
Musculoskeletal and Skin Diseases;
Notice of Closed Meeting
Quarterly IRS Interest Rates Used in
Calculating Interest on Overdue
Accounts and Refunds of Customs
Duties
Pursuant to section 10(d) of the
Federal Advisory Committee Act, as
amended, notice is hereby given of the
following meeting.
The meeting 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
the discussions could disclose
confidential trade secrets or commercial
property such as patentable material,
and personal information concerning
individuals associated with the grant
applications, the disclosure of which
would constitute a clearly unwarranted
invasion of personal privacy.
Name of Committee: Arthritis and
Musculoskeletal and Skin Diseases Initial
Review Group; Arthritis and Musculoskeletal
and Skin Diseases Clinical Trials Study
Section.
Date: February 16–17, 2023.
Time: 9:00 a.m. to 5:00 p.m.
Agenda: To review and evaluate grant
applications.
Place: National Institute of Arthritis
Musculoskeletal and Skin Diseases, 6701
Democracy Boulevard, Bethesda, MD 20892,
(Virtual Meeting).
Contact Person: Bernard Joseph
Dardzinski, Ph.D., Scientific Review Officer,
Scientific Review Branch, National Institute
of Arthritis, Musculoskeletal and Skin
Diseases, NIH, 6701 Democracy Boulevard.,
Room 824, Plaza One, Bethesda, MD 20817,
301–435–1146, bernard.dardzinski@nih.gov.
(Catalogue of Federal Domestic Assistance
Program Nos. 93.846, Arthritis,
Musculoskeletal and Skin Diseases Research,
National Institutes of Health, HHS)
Dated: January 11, 2023.
Miguelina Perez,
Program Analyst, Office of Federal Advisory
Committee Policy.
[FR Doc. 2023–00742 Filed 1–17–23; 8:45 am]
BILLING CODE 4140–01–P
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
increase from the previous quarter. For
the calendar quarter beginning January
1, 2023, the interest rates for
overpayments will be 6 percent for
corporations and 7 percent for noncorporations, and the interest rate for
underpayments will be 7 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,
2023.
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
be in accordance with the Internal
Revenue Code rate established under 26
U.S.C. 6621 and 6622. Section 6621
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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 2022–23, the IRS
determined the rates of interest for the
calendar quarter beginning January 1,
2023, and ending on March 31, 2023.
The interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (4%) plus three
percentage points (3%) for a total of
seven percent (7%) for both
corporations and non-corporations. For
corporate overpayments, the rate is the
Federal short-term rate (4%) plus two
percentage points (2%) for a total of six
percent (6%). For overpayments made
by non-corporations, the rate is the
Federal short-term rate (4%) plus three
percentage points (3%) for a total of
seven percent (7%). These interest rates
used to calculate interest on overdue
accounts (underpayments) and refunds
(overpayments) of customs duties are
increased from the previous quarter.
These interest rates are subject to
change for the calendar quarter
beginning April 1, 2023, and ending on
June 30, 2023.
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.
Under-payments
(percent)
063075
013176
013178
013180
013182
123182
063083
123184
063085
123185
063086
Sfmt 4703
E:\FR\FM\18JAN1.SGM
Over-payments
(percent)
6
9
7
6
12
20
16
11
13
11
10
18JAN1
6
9
7
6
12
20
16
11
13
11
10
Corporate
overpayments
(eff. 1–1–99)
(percent)
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
2958
Federal Register / Vol. 88, No. 11 / Wednesday, January 18, 2023 / Notices
Beginning date
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
040122
070122
100122
010123
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Dated: January 11, 2023.
Jeffrey Caine,
Chief Financial Officer, U.S. Customs and
Border Protection.
[FR Doc. 2023–00836 Filed 1–17–23; 8:45 am]
Under-payments
(percent)
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
033122
063022
093022
123122
033123
DEPARTMENT OF HOMELAND
SECURITY
Federal Emergency Management
Agency
[Docket ID FEMA–2008–0010]
BILLING CODE 9111–14–P
lotter on DSK11XQN23PROD with NOTICES1
Ending date
Board of Visitors for the National Fire
Academy
Federal Emergency
Management Agency, Department of
Homeland Security.
ACTION: Notice of open federal advisory
committee meeting.
AGENCY:
VerDate Sep<11>2014
17:41 Jan 17, 2023
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Over-payments
(percent)
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
4
5
6
7
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
4
5
6
7
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
3
4
5
6
The Board of Visitors for the
National Fire Academy (Board) will
meet virtually on Wednesday, March 8,
2023, to discuss and support the
academic stature of the National Fire
Academy. The meeting will be open to
the public.
DATES: The meeting will take place on
Wednesday, March 8, 2023, 2 p.m. to 4
p.m. Eastern Standard Time. Please note
that the meeting may close early if the
Board has completed its business.
ADDRESSES: Members of the public who
wish to participate in the virtual
conference should contact Deborah
SUMMARY:
E:\FR\FM\18JAN1.SGM
18JAN1
]]>Agencies
[Federal Register Volume 88, Number 11 (Wednesday, January 18, 2023)]
[Notices]
[Pages 2957-2958]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00836]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOMELAND SECURITY
U.S. Customs and Border Protection
Quarterly IRS Interest Rates Used in Calculating Interest on
Overdue Accounts and Refunds of 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 increase from the previous quarter. For the calendar quarter
beginning January 1, 2023, the interest rates for overpayments will be
6 percent for corporations and 7 percent for non-corporations, and the
interest rate for underpayments will be 7 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, 2023.
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 2022-23, the IRS determined the rates of interest
for the calendar quarter beginning January 1, 2023, and ending on March
31, 2023. The interest rate paid to the Treasury for underpayments will
be the Federal short-term rate (4%) plus three percentage points (3%)
for a total of seven percent (7%) for both corporations and non-
corporations. For corporate overpayments, the rate is the Federal
short-term rate (4%) plus two percentage points (2%) for a total of six
percent (6%). For overpayments made by non-corporations, the rate is
the Federal short-term rate (4%) plus three percentage points (3%) for
a total of seven percent (7%). These interest rates used to calculate
interest on overdue accounts (underpayments) and refunds (overpayments)
of customs duties are increased from the previous quarter. These
interest rates are subject to change for the calendar quarter beginning
April 1, 2023, and ending on June 30, 2023.
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 ..............
[[Page 2958]]
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...................................... 033122 3 3 2
040122...................................... 063022 4 4 3
070122...................................... 093022 5 5 4
100122...................................... 123122 6 6 5
010123...................................... 033123 7 7 6
----------------------------------------------------------------------------------------------------------------
Dated: January 11, 2023.
Jeffrey Caine,
Chief Financial Officer, U.S. Customs and Border Protection.
[FR Doc. 2023-00836 Filed 1-17-23; 8:45 am]
BILLING CODE 9111-14-P
