Section R15-10-305. Methods of Electronic Funds Transfer

A.      Payors shall use the ACH debit transfer method to remit pay- ment by electronic funds transfer unless the Department grants permission to use the ACH credit method.

B.       The Department may authorize the use of the ACH credit method for payors desiring to use this method. A payor that chooses to use the ACH credit method shall provide the pay- ment information required in R15-10-306(B)(2).

C.      The Department may withdraw permission to use the ACH credit method of payment if the payor shows disregard for the requirements and specifications of these rules by failing to:

1.        Make timely electronic funds transfer payments,

2.        Provide timely payment information,

3.        Provide the required addenda record with the electronic funds transfer payment, or

4.        Make correct payment.

D.      Payors who, for reasons beyond their control, are unable to use their established method of payment may request that the Department accept deposits to the Department account via wire transfer in accordance with the following:

1.        The payor shall contact the Department, state the reason which prevents timely compliance under either the ACH debit method or ACH credit method, and obtain verbal approval to wire transfer the tax payment to the Depart- ment account prior to initiating the transmission.

2.        Approved wire transfers shall be accompanied by an addenda record, that includes the same information required for ACH credit transfers under R15-10- 306(B)(2).

Historical Note

Adopted effective July 30, 1993 (Supp. 93-3). Amended

effective June 15, 1998 (Supp. 98-2).