82_FR_32323 82 FR 32191 - Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties

82 FR 32191 - 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 132 (July 12, 2017)

Page Range32191-32192
FR Document2017-14551

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 July 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.

Federal Register, Volume 82 Issue 132 (Wednesday, July 12, 2017) 
[Federal Register Volume 82, Number 132 (Wednesday, July 12, 2017)]
[Notices]
[Pages 32191-32192]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-14551]


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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.

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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 July 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: July 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 2017-13, the IRS determined the rates of interest 
for the calendar quarter beginning July 1, 2017, and ending on 
September 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 October 
1, 2017, and ending December 31, 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 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
100194..........................................          033195               9               8
040195..........................................          063095              10               9
070195..........................................          033196               9               8
040196..........................................          063096               8               7
070196..........................................          033198               9               8
040198..........................................          123198               8               7

[[Page 32192]]

 
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..........................................          093017               4               4               3
----------------------------------------------------------------------------------------------------------------


    Dated: July 3, 2017.
Sean M. Mildrew,
Acting Chief Financial Officer, Office of Finance.
[FR Doc. 2017-14551 Filed 7-11-17; 8:45 am]
BILLING CODE 9111-14-P

Federal Register / Vol. 82, No. 132 / Wednesday, July 12, 2017 / Notices 32191 addition, we seek comments on whether quarter. For the calendar quarter by the Internal Revenue Service (IRS) on this guidance aligns with activities that beginning July 1, 2017, the interest rates behalf of the Secretary of the Treasury may already be taking place by industry. for overpayments will be 3 percent for on a quarterly basis. The rates effective The Coast Guard will carefully consider corporations and 4 percent for non- for a quarter are determined during the all comments submitted during the corporations, and the interest rate for first-month period of the previous comment period before promulgating underpayments will be 4 percent for quarter. any final guidance. This notice is issued both corporations and non-corporations. In Revenue Ruling 2017–13, the IRS under authority of 5 U.S.C. 522(a). This notice is published for the determined the rates of interest for the convenience of the importing public R.D. Manning, calendar quarter beginning July 1, 2017, and U.S. Customs and Border Protection Captain, U.S. Coast Guard, Chief, Office of and ending on September 30, 2017. The Port and Facility Compliance. personnel. interest rate paid to the Treasury for DATES: Effective Date: July 1, 2017. [FR Doc. 2017–14616 Filed 7–11–17; 8:45 am] underpayments will be the Federal BILLING CODE 9110–04–P FOR FURTHER INFORMATION CONTACT: short-term rate (1%) plus three Shandy Plicka, Revenue Division, percentage points (3%) for a total of four Collection and Refunds Branch, 6650 percent (4%) for both corporations and DEPARTMENT OF HOMELAND Telecom Drive, Suite #100, non-corporations. For corporate SECURITY Indianapolis, Indiana 46278; telephone overpayments, the rate is the Federal (317) 298–1717. short-term rate (1%) plus two U.S. Customs and Border Protection SUPPLEMENTARY INFORMATION: percentage points (2%) for a total of Quarterly IRS Interest Rates Used in Background three percent (3%). For overpayments Calculating Interest on Overdue made by non-corporations, the rate is Pursuant to 19 U.S.C. 1505 and Accounts and Refunds on Customs the Federal short-term rate (1%) plus Treasury Decision 85–93, published in Duties three percentage points (3%) for a total the Federal Register on May 29, 1985 of four percent (4%). These interest AGENCY: U.S. Customs and Border (50 FR 21832), the interest rate paid on rates are subject to change for the Protection, Department of Homeland applicable overpayments or calendar quarter beginning October 1, Security. underpayments of customs duties must 2017, and ending December 31, 2017. ACTION: General notice. be in accordance with the Internal Revenue Code rate established under 26 For the convenience of the importing SUMMARY: This notice advises the public U.S.C. 6621 and 6622. Section 6621 public and U.S. Customs and Border that the quarterly Internal Revenue provides different interest rates Protection personnel the following list Service interest rates used to calculate applicable to overpayments: One for of IRS interest rates used, covering the interest on overdue accounts corporations and one for non- period from July of 1974 to date, to (underpayments) and refunds corporations. calculate interest on overdue accounts (overpayments) of customs duties will The interest rates are based on the and refunds of customs duties, is remain the same from the previous Federal short-term rate and determined 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 asabaliauskas on DSKBBXCHB2PROD with NOTICES 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 VerDate Sep<11>2014 17:54 Jul 11, 2017 Jkt 241001 PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 E:\FR\FM\12JYN1.SGM 12JYN1

32192 Federal Register / Vol. 82, No. 132 / Wednesday, July 12, 2017 / Notices Corporate Under- Over- Ending over-payments Beginning date payments payments date (Eff. 1–1–99) (percent) (percent) (percent) 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 ............................................................................................................. 093017 4 4 3 Dated: July 3, 2017. Control Number and should be sent to: Type of Request: Extension of Sean M. Mildrew, Colette Pollard, Reports Management currently approved collection. Acting Chief Financial Officer, Office of Officer, QDAM, Department of Housing Form Numbers: HUD–9624, HUD– Finance. and Urban Development, 451 7th Street 9625, OPG 2.1, OPG 2.2, OPG 2.7, OPG [FR Doc. 2017–14551 Filed 7–11–17; 8:45 am] SW., Room 4176, Washington, DC 2.9, OPG 2.15, OPG 2.16, OPG 2.17, BILLING CODE 9111–14–P 20410–5000; telephone 202–402–3400 OPG 3.1, OPG 3.2, OPG 3.3, OPG 3.4, (this is not a toll-free number) or email OPG 3.5, OPG 3.7, OPG 3.8, OPG 4.1, at Colette.Pollard@hud.gov for a copy of OPG 4.2, OPG 4.3, OPG 4.4, OPG 4.5, the proposed forms or other available OPG 4.6, OPG 4.7, OPG 4.8, OPG 4.10, DEPARTMENT OF HOUSING AND information. Persons with hearing or OPG 4.11, OPG 4.12, OPG 5.1, OPG 5.4, URBAN DEVELOPMENT speech impairments may access this OPG 5.5, OPG 6.2, OPG 6.5, OPG 6.8, [Docket No. FR–6001–N–19] number through TTY by calling the toll- OPG 6.9, OPG 7.1, OPG 7.2, OPG 7.3, free Federal Relay Service at (800) OPG 7.3TPA, OPG 7.5, OPG 7.6, OPG 60-Day Notice of Proposed Information 8778339. 7.7, OPG 7.8, OPG 7.9, OPG 7.11, OPG Collection: Multifamily Housing FOR FURTHER INFORMATION CONTACT: 7.12, OPG 7.13, OPG 7.14, OPG 7.16, Mortgage and Housing Assistance Claude Dickson, Bonds and Appeals OPG 7.21, OPG 7.22, OPG 7.23, OPG Restructuring Program (Mark to Manager, OAHP, Department of Housing 7.24, OPG 7.25, OPG 8.1, OPG 9.10, Market) and Urban Development, 451 7th Street OPG 9.11, OPG 10.2, OPG 10.4a, OPG AGENCY: Office of the Assistant SW., Washington, DC 20410; email 10.4b, OPG 10.6a, OPG 10.8, OPG Secretary for Housing—Federal Housing Claude.C.Dickson@hud.gov or telephone Appendix M, Attachment 1, OPG Commissioner, HUD. 202–402–8372. This is not a toll-free Appendix M Attachment 2, OPG 11.1. number. Persons with hearing or speech Description of the need for the ACTION: Notice. information and proposed use: The impairments may access this number SUMMARY: HUD is seeking approval from through TTY by calling the toll-free Mark to Market Program is authorized the Office of Management and Budget Federal Relay Service at (800) 877–8339. under the Multifamily Assisted Housing (OMB) for the information collection Copies of available documents Reform and Affordability Act of 1997 as described below. In accordance with the submitted to OMB may be obtained extended by the Market to Market Paperwork Reduction Act, HUD is from Mr. Dickson. Extension Act of 2001. The information requesting comment from all interested SUPPLEMENTARY INFORMATION: This collection is required and will be used parties on the proposed collection of notice informs the public that HUD is to determine the eligibility of FHA- information. The purpose of this notice seeking approval from OMB for the insured multifamily properties for asabaliauskas on DSKBBXCHB2PROD with NOTICES is to allow for 60 days of public information collection described in participation in the Mark to Market comment. Section A. program and the terms on which such participation should occur as well as to DATES: Comments Due Date: September A. Overview of Information Collection process eligible properties from 11, 2017. Title of Information Collection: acceptance into the program through ADDRESSES: Interested persons are Multifamily Housing Mortgage and closing of the mortgage restructure in invited to submit comments regarding housing Assistance Restructuring accordance with program guidelines. this proposal. Comments should refer to Program (Mark to Market). The result of participation in the the proposal by name and/or OMB OMB Approval Number: 2502–0533. program is the refinancing and VerDate Sep<11>2014 17:54 Jul 11, 2017 Jkt 241001 PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 E:\FR\FM\12JYN1.SGM 12JYN1


Document Created: 2017-07-12 03:00:24
Document Modified: 2017-07-12 03:00:24
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionGeneral notice.
DatesEffective Date: July 1, 2017.
ContactShandy Plicka, Revenue Division, Collection and Refunds Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 298-1717.
FR Citation82 FR 32191 
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