Delaware Administrative Code
Title 2 - Transportation
2000 - Department of Transportation
2200 - Division of Motor Vehicles
Motor Fuel Tax Administration
2244 - Motor Fuel Tax Regulations
Subchapter I - Gasoline
Section 2244-I-1.11 - Electronic Funds Transfer (EFT)
Current through Register Vol. 28, No. 3, September 1, 2024
1.11.1 Definitions:
"Account Name" represents the name that the RDFI will credit with EFT funds being transferred. All funds are credited to the Delaware Transportation Trust Fund.
"Amount" identifies the dollar amount being remitted for each amount type by license and tax period. Since the computer program is right justified, the amount figure should always contain cents (cc).
"Amount Type" is used to identify the payment amount which follows. Identified values include "T" for tax, "P" for penalty and "I" for interest.
"Automated Clearinghouse (ACH)" is a system specifically established to facilitate the processing of electronic payments.
"Automated Clearinghouse Credit (ACH-Credit)" is defined as a transaction in which the taxpayer notifies its originating depository financial institution (ODFI) that it desires to make one or more payments to the receiving depository financial institution (RDFI).
"Bank Routing Number/Account Number" represents the bank routing number for Wilmington Trust Company and Delaware Transportation Trust Fund Account Number
"Electronic Funds Transfer (EFT)" is a generic term applied to any of several means of making payments from one party to another through a series of instructions and messages communicated electronically (via computer) among financial institutions.
"Fedwire" is an alternative method of transferring payment from the taxpayers ODFI to the States RDFI.
"Originating Depository Financial Institution (ODFI)" is defined as the financial institution used by the taxpayer to make one or more payments through a series of instructions or messages.
"Receiving Depository Financial Institution (RDFI)" is defined as the bank designated by the State of Delaware (Wilmington Trust Company) to receive electronic funds transfer (EFT) payments.
"Tax Payment (TXP) Format" is the standardized method of identifying one or more payment types within an EFT transmission.
The TXP Format contains the following segments which identify the data that pertains to an EFT transmission such as FEI-License Number, tax type, tax period, amount type, and amount.
A TXP format may contain payment of tax, interest and penalty if it is in payment of the same federal employer identification number-license number, tax period and tax code.
"Tax Period" is used to identify the tax period in which the payment covers. The digits from left to right represent year-month-date (YYMMDD) respectively.
"Tax type" represents which kind of payment that is being transmitted. Code "051" is used exclusively for payment of motor fuel (gasoline) and "052" is used exclusively for payment of special fuel.
"Taxpayer FEI-License Number" is the identification number used in the TXP format to identify the taxpayer originating the EFT payment. This identification number consists of your Federal Employer Identification number and the five (5) digit license number indicated in the upper right hand corner of the license issued to you by this Division. The FEI number and license number must be separated by a hyphen (-). A separate TXP format is required for each license held.
"Terminator (\)" is used to end a single TXP format.
"The separator" is used to separate fields within a TXP format. The character to be used as a separator is the asterisk (*).
"Total Payment" represents the total monies that are being transferred by the taxpayers bank to the Delaware Transportation Trust Fund. The total amount of the transfer must agree with the payment for each EFT segment.
"Transaction" is defined as the transmittal of the EFT payment accompanied with as many TXP formats as required to completely identify all components of the payment. Refer to "Electronic Funds Transfer Payment Requirements" under Section 11.3.1.
1.11.2 Electronic Funds Transfer Payment Requirements:
Any company/firm currently licensed who meets the $20,000 monthly minimum tax threshold requirement for the first time must implement the EFT tax payment program within two months of notification by this Division.
1.11.3 Tax Payment (TXP) Format Requirements:
1.11.4 Tax Report/Schedule Requirements: