83 FR 33232 - 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 83, Issue 137 (July 17, 2018)
U.S. Customs and Border Protection
Federal Register Volume 83, Issue 137 (July 17, 2018)
| Page Range | 33232-33233 | |
| FR Document | 2018-15179 |
[Federal Register Volume 83, Number 137 (Tuesday, July 17, 2018)] [Notices] [Pages 33232-33233] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-15179] ======================================================================= ----------------------------------------------------------------------- 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 July 1, 2018, the interest rates for overpayments will be 4 percent for corporations and 5 percent for non-corporations, and the interest rate for underpayments will be 5 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 July 1, 2018. FOR FURTHER INFORMATION CONTACT: Shawn Kaus, Revenue Division, Collection Refunds & Analysis Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 614-4485. 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 2018-18, the IRS determined the rates of interest for the calendar quarter beginning July 1, 2018, and ending on September 30, 2018. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (2%) plus three percentage points (3%) for a total of five percent (5%) for both corporations and non-corporations. For corporate overpayments, the rate is the Federal short-term rate (2%) plus two percentage points (2%) for a total of four percent (4%). For overpayments made by non- corporations, the rate is the Federal short-term rate (2%) plus three percentage points (3%) for a total of five percent (5%). These interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties are the same from the previous quarter. These interest rates are subject to change for the calendar quarter beginning October 1, 2018, and ending December 31, 2018. 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 ................ 070186............................. 123186............... 9 9 ................ 010187............................. 093087............... 9 8 ................ 100187............................. 123187............... 10 9 ................ 010188............................. 033188............... 11 10 ................ [[Page 33233]] 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............................. 093018............... 5 5 4 ---------------------------------------------------------------------------------------------------------------- Dated: July 11, 2018. Samuel D. Grable, Assistant Commissioner and Chief Financial Officer, Office of Finance. [FR Doc. 2018-15179 Filed 7-16-18; 8:45 am] BILLING CODE 9111-14-P
![33232 Federal Register / Vol. 83, No. 137 / Tuesday, July 17, 2018 / Notices
on or before July 24, 2018. Up to five DEPARTMENT OF HOMELAND be in accordance with the Internal
minutes will be allotted for each SECURITY Revenue Code rate established under 26
presentation. U.S.C. 6621 and 6622. Section 6621
U.S. Customs and Border Protection provides different interest rates
The meeting may be accesed via
telephone. To attend on site, obtain the applicable to overpayments: One for
Quarterly IRS Interest Rates Used in corporations and one for non-
call-in number and access code, submit Calculating Interest on Overdue corporations.
written or brief oral comments, or Accounts and Refunds on Customs The interest rates are based on the
request special accommodations for Duties Federal short-term rate and determined
persons with disabilities, please register by the Internal Revenue Service (IRS) on
AGENCY: U.S. Customs and Border
on-line at http://nac.samhsa.gov/ behalf of the Secretary of the Treasury
Protection, Department of Homeland
Registration/meetingsRegistration.aspx, on a quarterly basis. The rates effective
Security.
or communicate with SAMHSA’s for a quarter are determined during the
ACTION: General notice.
Designated Federal Officer, Ms. Valerie first-month period of the previous
Kolick. SUMMARY: This notice advises the public quarter.
Substantive meeting information and that the quarterly Internal Revenue In Revenue Ruling 2018–18, the IRS
a roster of ACWS members may be Service interest rates used to calculate determined the rates of interest for the
obtained either by accessing the interest on overdue accounts calendar quarter beginning July 1, 2018,
SAMHSA Committees’ Web https:// (underpayments) and refunds and ending on September 30, 2018. The
www.samhsa.gov/about-us/advisory- (overpayments) of customs duties will interest rate paid to the Treasury for
councils/meetings, or by contacting Ms. remain the same from the previous underpayments will be the Federal
quarter. For the calendar quarter short-term rate (2%) plus three
Kolick.
beginning July 1, 2018, the interest rates percentage points (3%) for a total of five
Committee Name: Substance Abuse and for overpayments will be 4 percent for percent (5%) for both corporations and
Mental Health Services Administration corporations and 5 percent for non- non-corporations. For corporate
Advisory Committee for Women’s Services corporations, and the interest rate for overpayments, the rate is the Federal
(ACWS). underpayments will be 5 percent for short-term rate (2%) plus two
Date/Time/Type: Wednesday, August 1, both corporations and non-corporations. percentage points (2%) for a total of four
2018, from: 9:00 a.m. to 4:45 p.m. EDT, Open. This notice is published for the percent (4%). For overpayments made
Place: SAMHSA, 5600 Fishers Lane, convenience of the importing public by non-corporations, the rate is the
Conference Room 5E29, Rockville, Maryland and U.S. Customs and Border Protection Federal short-term rate (2%) plus three
20857. personnel. percentage points (3%) for a total of five
Contact: Valerie Kolick, Designated Federal
DATES: The rates announced in this percent (5%). These interest rates used
Official, SAMHSA’s Advisory Committee for
notice are applicable as of July 1, 2018. to calculate interest on overdue
Women’s Services, 5600 Fishers Lane,
FOR FURTHER INFORMATION CONTACT: accounts (underpayments) and refunds
Rockville, MD 20857, Telephone: (240) 276–
1738, Email: Valerie.kolick@samhsa.hhs.gov. Shawn Kaus, Revenue Division, (overpayments) of customs duties are
Collection Refunds & Analysis Branch, the same from the previous quarter.
Carlos Castillo, 6650 Telecom Drive, Suite #100, These interest rates are subject to
Committee Management Officer. Indianapolis, Indiana 46278; telephone change for the calendar quarter
[FR Doc. 2018–15227 Filed 7–16–18; 8:45 am] (317) 614–4485. beginning October 1, 2018, and ending
SUPPLEMENTARY INFORMATION: December 31, 2018.
BILLING CODE 4162–20–P
For the convenience of the importing
Background public and U.S. Customs and Border
Pursuant to 19 U.S.C. 1505 and Protection personnel the following list
Treasury Decision 85–93, published in of IRS interest rates used, covering the
the Federal Register on May 29, 1985 period from July of 1974 to date, to
(50 FR 21832), the interest rate paid on calculate interest on overdue accounts
applicable overpayments or and refunds of customs duties, is
underpayments of customs duties must published in summary format.
Corporate
Under- Over- overpayments
Beginning date Ending date payments payments (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 ............................
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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 ............................
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![Federal Register / Vol. 83, No. 137 / Tuesday, July 17, 2018 / Notices 33233
Corporate
Under- Over- overpayments
Beginning date Ending date payments payments (eff. 1–1–99)
(percent) (percent) (percent)
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 ...................................................... 093018 ...................................................... 5 5 4
Dated: July 11, 2018. SUMMARY: The Department of Homeland (2) Mail. Submit written comments to
Samuel D. Grable, Security, U.S. Customs and Border CBP Paperwork Reduction Act Officer,
Assistant Commissioner and Chief Financial Protection will be submitting the U.S. Customs and Border Protection,
Officer, Office of Finance. following information collection request Office of Trade, Regulations and
[FR Doc. 2018–15179 Filed 7–16–18; 8:45 am] to the Office of Management and Budget Rulings, Economic Impact Analysis
BILLING CODE 9111–14–P (OMB) for review and approval in Branch, 90 K Street NE, 10th Floor,
accordance with the Paperwork Washington, DC 20229–1177.
Reduction Act of 1995 (PRA). The
DEPARTMENT OF HOMELAND FOR FURTHER INFORMATION CONTACT:
information collection is published in
SECURITY Requests for additional PRA information
the Federal Register to obtain comments
should be directed to Seth Renkema,
from the public and affected agencies.
U.S. Customs and Border Protection Chief, Economic Impact Analysis
Comments are encouraged and will be
accepted (no later than September 17, Branch, U.S. Customs and Border
[1651–0096] 2018) to be assured of consideration. Protection, Office of Trade, Regulations
and Rulings, 90 K Street NE, 10th Floor,
Agency Information Collection ADDRESSES: Written comments and/or Washington, DC 20229–1177,
Activities: Transfer of Cargo to a suggestions regarding the item(s) Telephone number (202) 325–0056 or
Container Station contained in this notice must include via email CBP_PRA@cbp.dhs.gov. Please
daltland on DSKBBV9HB2PROD with NOTICES
the OMB Control Number 1651–0096 in note that the contact information
AGENCY: U.S. Customs and Border the subject line and the agency name.
Protection (CBP), Department of provided here is solely for questions
To avoid duplicate submissions, please regarding this notice. Individuals
Homeland Security.
use only one of the following methods seeking information about other CBP
ACTION: 60-Day notice and request for to submit comments: programs should contact the CBP
comments; extension of an existing National Customer Service Center at
(1) Email. Submit comments to: CBP_
collection of information.
PRA@cbp.dhs.gov. 877–227–5511, (TTY) 1–800–877–8339,
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Document Created: 2018-07-17 01:39:13
Document Modified: 2018-07-17 01:39:13
| 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 | The rates announced in this notice are applicable as of July 1, 2018. | |
| Contact | Shawn Kaus, Revenue Division, Collection Refunds & Analysis Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 614-4485. | |
| FR Citation | 83 FR 33232 |
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