20 CRR-NY 2396.10NY-CRR
20 CRR-NY 2396.10
20 CRR-NY 2396.10
2396.10 Liabilityfor EFT transaction costs.
The following rules shallgovern the liability of a taxpayer participating in the program forthe transaction costs associated with utilizing the various EFT paymentoptions.
(a) ACH debit - thetaxpayer shall not be liable for the transaction costs associatedwith ACH debit transactions.
(b) ACH credit - thetaxpayer shall not be liable for the transaction costs associatedwith ACH credit transactions. If the taxpayer wishes New York Stateto pay such costs, it may deduct the transaction fee which it is chargedfrom both the amount of tax which it is reporting for each payrollor payrolls, and from the corresponding payment of tax. If the taxpayerdoes so deduct, it shall also, at the same time as it submits itsquarterly combined withholding wage reporting and unemployment insurancereturn for the calendar quarter, submit a statement summarizing suchtransaction costs and the banks which it utilized for program purposesfor the calendar quarter.
(c) Fedwire - the taxpayershall be liable for the transaction costs charged by its financialinstitution to initiate a fedwire transaction.
(d) Certified check- the taxpayer shall be liable for both the charges imposed by itsfinancial institution for certified checks, if any, and for the costsof mailing its return and payment.
20 CRR-NY 2396.10
Current through September 30, 2022
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.