Department of Treasury November 5, 2024 – Federal Register Recent Federal Regulation Documents

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Notice of Rate To Be Used for Federal Debt Collection, and Discount and Rebate Evaluation

Document Number: 2024-25697

Type: Notice

Date: 2024-11-05

Agency: Fiscal Service, Public Debt Bureau, Department of Treasury, Department of the Treasury

The Secretary of the Treasury is responsible for computing and publishing the percentage rate that is used in assessing interest charges for outstanding debts owed to the Government (The Debt Collection Act of 1982, as amended). This rate is also used by agencies as a comparison point in evaluating the cost-effectiveness of a cash discount. In addition, this rate is used in determining when agencies should pay purchase card invoices when the card issuer offers a rebate. Notice is hereby given that the applicable rate for calendar year 2025 is 5.00 percent.

https://regulations.justia.com/regulations/fedreg/2024/11/05/2024-25697.html

Modernizing Regulations on Sales of Seized Property

Document Number: 2024-25464

Type: Rule

Date: 2024-11-05

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

This document contains final regulations regarding the sale of a taxpayer's property that the IRS seizes by levy. The final regulations amend existing regulations to better allow the IRS to maximize sale proceeds for the benefit of the taxpayer whose property the IRS has seized and the public fisc. The final regulations affect all sales of property the IRS seizes by levy.

https://regulations.justia.com/regulations/fedreg/2024/11/05/2024-25464.html