Connecticut Administrative Code
Title 12 - Taxation
689 - Electronic Funds Transfer
Section 12-689-1 - Definitions
Universal Citation: CT Reg of State Agencies 12-689-1
Current through September 9, 2024
(a) For the purpose of sections 12-689-2, 12-689-3, and 12-689-4 of the Regulations of Connecticut State Agencies:
(1) "ACH" or "automated clearing house" means
a funds transfer system that is governed by the Operating Rules and the
Operating Guidelines published by the National Automated Clearing House
Association (ACH Rules) and that provides for the interbank clearing of
electronic entries for participating banks;
(2) "ACH credit" means an electronic transfer
of funds cleared through the ACH system in which a taxpayer's bank, upon
instructions from the taxpayer, originates an entry crediting the bank account
designated by the department and debiting the taxpayer's bank account for the
amount of the payment to the department;
(3) "ACH debit" means an electronic transfer
of funds cleared through the ACH system in which the department's designated
agent, upon instructions from a taxpayer, originates an entry debiting the
taxpayer's bank account and crediting the bank account designated by the
department for the amount of the payment to the department;
(4) "Addenda record" means information that
is required by the department to be transmitted in an approved electronic
format for the proper identification of a payment in an ACH credit
transaction;
(5) "Business day"
means a day other than Saturday, Sunday or a legal holiday;
(6) "Commissioner" means "commissioner" as
defined in section
12-685 of
the Connecticut General Statutes;
(7) "Department" means "department" as
defined in section
12-685 of
the Connecticut General Statutes;
(8) "Electronic funds transfer" or "EFT"
means "electronic funds transfer" as defined in section
12-685 of
the Connecticut General Statutes;
(9) "Legal holiday" means "legal holiday" as
defined in section
12-39a
of the Connecticut General Statutes;
(10) "Person" means "person" as defined in
section
12-685 of
the Connecticut General Statutes; and
(11)
Disclaimer: These regulations may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
