Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds of Customs Duties, 22466-22467 [2023-07805]
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22466
Federal Register / Vol. 88, No. 71 / Thursday, April 13, 2023 / Notices
(180,000) are based on the number of
collections we expect to conduct over
the requested period for this clearance.
Type of
respondent
Number of
respondents
Progress Report Template (Annual) .........
Progress Report (Interim) ......................
Grant Closeouts .........
Site Visit Report Template ........................
Other ..........................
Total ....................
The estimated annual hour burden is
as follows:
Responses per
respondent
Total hour cost
8
32,000
$26
$832,000
2,500
1,000
2
1
5,000
1,000
6
10
30,000
10,000
26
26
780,000
260,000
4,000
4,000
1
1
4,000
4,000
6
6
24,000
24,000
26
26
624,000
624,000
20,000
..........................
28,000
........................
180,000
........................
3,120,000
BILLING CODE 4162–20–P
DEPARTMENT OF HOMELAND
SECURITY
U.S. Customs and Border Protection
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 April 1, 2023, the interest
rates for overpayments will be 6 percent
SUMMARY:
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 April 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
Quarterly IRS Interest Rates Used in
Calculating Interest on Overdue
Accounts and Refunds of Customs
Duties
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
Beginning date
lotter on DSK11XQN23PROD with NOTICES1
Hourly wage
cost
4,000
[FR Doc. 2023–07771 Filed 4–12–23; 8:45 am]
Ending date
.....................................................................................
.....................................................................................
.....................................................................................
.....................................................................................
.....................................................................................
.....................................................................................
.....................................................................................
.....................................................................................
17:56 Apr 12, 2023
Total annual
burden hours
1
Alicia Broadus,
Public Health Advisor.
VerDate Sep<11>2014
Hours per
response
4,000
Send comments to Carlos Graham,
SAMHSA Reports Clearance Officer,
5600 Fishers Lane, Room 15E57–A,
Rockville, Maryland 20857, OR email a
copy to carlos.graham@samhsa.hhs.gov.
Written comments should be received
by June 12, 2023.
070174
070175
020176
020178
020180
020182
010183
070183
Total
responses
Jkt 259001
PO 00000
Frm 00063
Fmt 4703
for a quarter are determined during the
first-month period of the previous
quarter.
In Revenue Ruling 2023–04, the IRS
determined the rates of interest for the
calendar quarter beginning April 1,
2023, and ending on June 30, 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
remain unchanged from the previous
quarter. These interest rates are subject
to change for the calendar quarter
beginning July 1, 2023, and ending on
September 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.
Underpayments
(percent)
063075
013176
013178
013180
013182
123182
063083
123184
6
9
7
6
12
20
16
11
Sfmt 4703
E:\FR\FM\13APN1.SGM
Overpayments
(percent)
6
9
7
6
12
20
16
11
13APN1
Corporate
overpayments
(Eff. 1–1–99)
(percent)
..............................
..............................
..............................
..............................
..............................
..............................
..............................
..............................
22467
Federal Register / Vol. 88, No. 71 / Thursday, April 13, 2023 / Notices
Beginning date
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
040122
070122
100122
010123
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Dated: April 6, 2023.
Crinley S. Hoover,
Acting Chief Financial Officer, U.S. Customs
and Border Protection.
lotter on DSK11XQN23PROD with NOTICES1
[FR Doc. 2023–07805 Filed 4–12–23; 8:45 am]
Underpayments
(percent)
Ending date
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
033122
063022
093022
123122
063023
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
4
5
6
7
DEPARTMENT OF HOMELAND
SECURITY
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
4
5
6
7
ACTION:
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
Notice.
This is a notice of the
Presidential declaration of a major
disaster for the Rosebud Sioux Tribe
(FEMA–4687–DR), dated February 20,
2023, and related determinations.
SUMMARY:
Federal Emergency Management
Agency
[Internal Agency Docket No. FEMA–4687–
DR; Docket ID FEMA–2023–0001]
BILLING CODE 9111–14–P
Overpayments
(percent)
The declaration was issued
February 20, 2023.
DATES:
Rosebud Sioux Tribe; Major Disaster
and Related Determinations
Federal Emergency
Management Agency, DHS.
AGENCY:
VerDate Sep<11>2014
17:56 Apr 12, 2023
Jkt 259001
PO 00000
Frm 00064
Fmt 4703
Sfmt 4703
FOR FURTHER INFORMATION CONTACT:
Dean Webster, Office of Response and
Recovery, Federal Emergency
E:\FR\FM\13APN1.SGM
13APN1
]]>Agencies
[Federal Register Volume 88, Number 71 (Thursday, April 13, 2023)]
[Notices]
[Pages 22466-22467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-07805]
=======================================================================
-----------------------------------------------------------------------
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 remain the same from the previous quarter. For the calendar
quarter beginning April 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 April 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 2023-04, the IRS determined the rates of interest
for the calendar quarter beginning April 1, 2023, and ending on June
30, 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 remain unchanged from the previous quarter. These
interest rates are subject to change for the calendar quarter beginning
July 1, 2023, and ending on September 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
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 .................
[[Page 22467]]
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.............................. 033122 3 3 2
040122.............................. 063022 4 4 3
070122.............................. 093022 5 5 4
100122.............................. 123122 6 6 5
010123.............................. 063023 7 7 6
----------------------------------------------------------------------------------------------------------------
Dated: April 6, 2023.
Crinley S. Hoover,
Acting Chief Financial Officer, U.S. Customs and Border Protection.
[FR Doc. 2023-07805 Filed 4-12-23; 8:45 am]
BILLING CODE 9111-14-P
