82 FR 24370 - Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties
DEPARTMENT OF HOMELAND SECURITY
U.S. Customs and Border Protection Federal Register Volume 82, Issue 101 (May 26, 2017)
U.S. Customs and Border Protection
Federal Register Volume 82, Issue 101 (May 26, 2017)
| Page Range | 24370-24371 | |
| FR Document | 2017-10805 |
[Federal Register Volume 82, Number 101 (Friday, May 26, 2017)] [Notices] [Pages 24370-24371] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-10805] ----------------------------------------------------------------------- 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 April 1, 2017, the interest rates for overpayments will be 3 percent for corporations and 4 percent for non-corporations, and the interest rate for underpayments will be 4 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: Effective Date: April 1, 2017. FOR FURTHER INFORMATION CONTACT: Shandy Plicka, Revenue Division, Collection and Refunds Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 298-1717. 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 2017-6, the IRS determined the rates of interest for the calendar quarter beginning April 1, 2017, and ending on June 30, 2017. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (1%) plus three percentage points (3%) for a total of four percent (4%) for both corporations and non- corporations. For corporate overpayments, the rate is the Federal short-term rate (1%) plus two percentage points (2%) for a total of three percent (3%). For overpayments made by non-corporations, the rate is the Federal short-term rate (1%) plus three percentage points (3%) for a total of four percent (4%). These interest rates are subject to change for the calendar quarter beginning July 1, 2017, and ending September 30, 2017. 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 before July of 1974 to date, to calculate interest on overdue accounts and refunds of customs duties, is published in summary format. ---------------------------------------------------------------------------------------------------------------- Corporate over- Under- Over- payments payments (Eff. Beginning date Ending date payments (percent) 1-1-99) (percent) (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 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 [[Page 24371]] 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.......................................... 063017 4 4 3 ---------------------------------------------------------------------------------------------------------------- Dated: May 16, 2017. Sean M. Mildrew, Acting Chief Financial Officer, Office of Finance. [FR Doc. 2017-10805 Filed 5-25-17; 8:45 am] BILLING CODE 9111-14-P
![24370 Federal Register / Vol. 82, No. 101 / Friday, May 26, 2017 / Notices
Anyone wishing to employ this entity ACTION: General notice. corporations and one for non-
to conduct laboratory analyses and corporations.
gauger services should request and SUMMARY: This notice advises the public
that the quarterly Internal Revenue The interest rates are based on the
receive written assurances from the Federal short-term rate and determined
entity that it is accredited or approved Service interest rates used to calculate
interest on overdue accounts by the Internal Revenue Service (IRS) on
by the U.S. Customs and Border
(underpayments) and refunds behalf of the Secretary of the Treasury
Protection to conduct the specific test or
gauger service requested. Alternatively, (overpayments) of customs duties will on a quarterly basis. The rates effective
inquiries regarding the specific test or remain the same from the previous for a quarter are determined during the
gauger service this entity is accredited quarter. For the calendar quarter first-month period of the previous
or approved to perform may be directed beginning April 1, 2017, the interest quarter.
to the U.S. Customs and Border rates for overpayments will be 3 percent In Revenue Ruling 2017–6, the IRS
Protection by calling (202) 344–1060. for corporations and 4 percent for non- determined the rates of interest for the
The inquiry may also be sent to corporations, and the interest rate for calendar quarter beginning April 1,
CBPGaugersLabs@cbp.dhs.gov. Please underpayments will be 4 percent for 2017, and ending on June 30, 2017. The
reference the Web site listed below for both corporations and non-corporations. interest rate paid to the Treasury for
a complete listing of CBP approved This notice is published for the underpayments will be the Federal
gaugers and accredited laboratories. convenience of the importing public
short-term rate (1%) plus three
http://www.cbp.gov/about/labs- and U.S. Customs and Border Protection
percentage points (3%) for a total of four
scientific/commercial-gaugers-and- personnel.
percent (4%) for both corporations and
laboratories. DATES: Effective Date: April 1, 2017.
non-corporations. For corporate
Dated: May 12, 2017. FOR FURTHER INFORMATION CONTACT: overpayments, the rate is the Federal
Ira S. Reese, Shandy Plicka, Revenue Division, short-term rate (1%) plus two
Executive Director, Laboratories and Collection and Refunds Branch, 6650 percentage points (2%) for a total of
Scientific Services Directorate. Telecom Drive, Suite #100, three percent (3%). For overpayments
[FR Doc. 2017–10810 Filed 5–25–17; 8:45 am] Indianapolis, Indiana 46278; telephone made by non-corporations, the rate is
BILLING CODE 9111–14–P (317) 298–1717. the Federal short-term rate (1%) plus
SUPPLEMENTARY INFORMATION: three percentage points (3%) for a total
Background of four percent (4%). These interest
DEPARTMENT OF HOMELAND rates are subject to change for the
SECURITY Pursuant to 19 U.S.C. 1505 and calendar quarter beginning July 1, 2017,
Treasury Decision 85–93, published in
U.S. Customs and Border Protection and ending September 30, 2017.
the Federal Register on May 29, 1985
(50 FR 21832), the interest rate paid on For the convenience of the importing
Quarterly IRS Interest Rates Used in public and U.S. Customs and Border
applicable overpayments or
Calculating Interest on Overdue Protection personnel the following list
underpayments of customs duties must
Accounts and Refunds on Customs of IRS interest rates used, covering the
be in accordance with the Internal
Duties period from before July of 1974 to date,
Revenue Code rate established under 26
AGENCY: U.S. Customs and Border U.S.C. 6621 and 6622. Section 6621 to calculate interest on overdue
Protection, Department of Homeland provides different interest rates accounts and refunds of customs duties,
Security. applicable to overpayments: One for is published in summary format.
Corporate
Under- Over-
Ending over-payments
Beginning date payments payments
date (Eff. 1–1–99)
(percent) (percent) (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
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
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![Federal Register / Vol. 82, No. 101 / Friday, May 26, 2017 / Notices 24371
Corporate
Under- Over-
Ending over-payments
Beginning date payments payments
date (Eff. 1–1–99)
(percent) (percent) (percent)
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 ............................................................................................................. 063017 4 4 3
Dated: May 16, 2017. Management Agency (FEMA) for each Submit comments and/or appeals to
Sean M. Mildrew, community, is appropriate because of the Chief Executive Officer of the
Acting Chief Financial Officer, Office of new scientific or technical data. community as listed in the table below.
Finance. FOR FURTHER INFORMATION CONTACT: Rick
DATES: These flood hazard
[FR Doc. 2017–10805 Filed 5–25–17; 8:45 am] Sacbibit, Chief, Engineering Services
determinations will become effective on
BILLING CODE 9111–14–P Branch, Federal Insurance and
the dates listed in the table below and
Mitigation Administration, FEMA, 400
revise the FIRM panels and FIS report C Street SW., Washington, DC 20472,
DEPARTMENT OF HOMELAND in effect prior to this determination for (202) 646–7659, or (email)
SECURITY the listed communities. patrick.sacbibit@fema.dhs.gov; or visit
From the date of the second the FEMA Map Information eXchange
Federal Emergency Management publication of notification of these (FMIX) online at
Agency changes in a newspaper of local www.floodmaps.fema.gov/fhm/fmx_
[Docket ID FEMA–2017–0002; Internal circulation, any person has 90 days in main.html.
Agency Docket No. FEMA–B–1717] which to request through the SUPPLEMENTARY INFORMATION: The Flood
community that the Deputy Associate Insurance Rate Maps (FIRMs), and
Changes in Flood Hazard Administrator for Insurance and where applicable, portions of the Flood
Determinations Mitigation reconsider the changes. The Insurance Study (FIS) report, have been
AGENCY: Federal Emergency flood hazard determination information revised to reflect these flood hazard
Management Agency, DHS. may be changed during the 90-day determinations through issuance of a
ACTION: Notice. period. Letter of Map Revision (LOMR), in
accordance with Title 44, Part 65 of the
SUMMARY: This notice lists communities ADDRESSES: The affected communities Code of Federal Regulations (44 CFR
where the addition or modification of are listed in the table below. Revised part 65). The LOMR will be used by
Base Flood Elevations (BFEs), base flood flood hazard information for each insurance agents and others to calculate
depths, Special Flood Hazard Area community is available for inspection at appropriate flood insurance premium
(SFHA) boundaries or zone both the online location and the rates for new buildings and the contents
designations, or the regulatory floodway respective community map repository of those buildings. For rating purposes,
(hereinafter referred to as flood hazard address listed in the table below. the currently effective community
determinations), as shown on the Flood Additionally, the current effective FIRM number is shown in the table below and
Insurance Rate Maps (FIRMs), and and FIS report for each community are must be used for all new policies and
where applicable, in the supporting accessible online through the FEMA renewals.
Flood Insurance Study (FIS) reports, Map Service Center at The specific flood hazard
prepared by the Federal Emergency www.msc.fema.gov for comparison. determinations are not described for
VerDate Sep<11>2014 19:14 May 25, 2017 Jkt 241001 PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 E:\FR\FM\26MYN1.SGM 26MYN1](https://thefederalregister.org/doc/82_FR_24471/page/2.svg)
Document Created: 2017-05-26 02:24:12
Document Modified: 2017-05-26 02:24:12
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | General notice. | |
| Dates | Effective Date: April 1, 2017. | |
| Contact | Shandy Plicka, Revenue Division, Collection and Refunds Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 298-1717. | |
| FR Citation | 82 FR 24370 |
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