nonallowable interest costs
Defined in 3 places of the United States Code.
The term “nonallowable interest costs” means interest costs incurred by a producer as a result of an interest rate that exceeds the applicable Federal Government interest rate for comparable maturities by more than 700 basis points, determined pursuant to regulations implementing this section.
Source
- 1994–present19 U.S.C. § 3332Customs Duties · Rules of origin · for purposes of this section
The term “nonallowable interest costs” means interest costs incurred by a producer that exceed 700 basis points above the applicable official interest rate for comparable maturities of the CAFTA–DR country in which the producer is located.
Source
- 2005–present19 U.S.C. § 4033Customs Duties · Rules of origin · in this section
The term "nonallowable interest costs" means interest costs incurred by a producer that exceed 700 basis points above the applicable official interest rate for comparable maturities of the country in which the producer is located.
Source
- 2020–present19 U.S.C. § 4531Customs Duties · Rules of origin · in this section