Connecticut Administrative Code
Title 12 - Taxation
689 - Electronic Funds Transfer
Section 12-689-2 - Means of electronic funds transfer approved by the department
Universal Citation: CT Reg of State Agencies 12-689-2
Current through March 14, 2024
(a) Approved EFT methods. The means of EFT approved by the department are the ACH debit method and the ACH credit method. A taxpayer that is required to pay taxes by EFT shall choose either the ACH debit method or the ACH credit method.
(b) Using the ACH debit method.
(1) In an ACH debit transaction, the
department or its designated agent originates the transaction when it gets
instructions from a taxpayer. The transaction debits the taxpayer's bank
account and credits the department's bank account for the payment to the
department. In an ACH debit transaction, the department is responsible for the
accuracy of the transmission.
(2) A
taxpayer that uses the ACH debit method shall give the department's designated
agent the information needed to complete a timely ACH debit
transaction.
(3) The department's
designated agent shall validate the payment information and give the taxpayer a
confirmation number. The confirmation number verifies when the designated agent
received the necessary payment information. The confirmation number is not
proof of payment. The taxpayer shall keep this confirmation number.
(c) Using the ACH credit method.
(1) In an ACH credit
transaction, the taxpayer originates the transaction through its own bank and
is primarily responsible for the accuracy of the transmission.
(2) A taxpayer that uses the ACH credit
method shall give its bank all the information the bank needs to complete a
timely ACH credit transaction, and an addenda record for transmittal to the
department's designated agent.
(3)
A taxpayer using the ACH credit method shall: verify that the taxpayer's bank
account was debited for the proper amount of tax; verify that the funds left
the taxpayer's bank account early enough for a timely ACH credit transaction to
be completed; and keep the ACH trace number, which is available from the
taxpayer's bank, and shall provide it to the department in the case of a lost
or late payment.
(d) Alternate payment methods for cases of emergency.
(1) If an emergency prevents a taxpayer that
is required to pay tax by EFT from using either the ACH debit method or the ACH
credit method, the taxpayer shall immediately contact the department for
alternate methods of payment. The department shall include in materials it
sends to the taxpayer, the name, telephone number, facsimile number and e-mail
address of the appropriate department employee to contact in case of an
emergency.
(2) If the taxpayer
cannot prove to the commissioner's satisfaction that the emergency preventing
the taxpayer from paying the tax by either the ACH debit method or the ACH
credit method is due to circumstances beyond the control of the taxpayer, then
the tax is subject to penalty and interest according to all applicable
provisions of the Connecticut General Statutes.
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.
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