20 CRR-NY 2397.1NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 20. DEPARTMENT OF TAXATION AND FINANCE
CHAPTER IX. PROCEDURAL REGULATIONS
PART 2397. ELECTRONIC FUNDS TRANSFERPROGRAM FOR CERTAIN TAXPAYERS REMITTING TAXES UNDER AND PURSUANT TOTHE AUTHORITY OF ARTICLES 12-A, 13-A, 28 AND 29 OF THE TAX LAW
20 CRR-NY 2397.1
20 CRR-NY 2397.1
2397.1 Definitions.
The definitions providedby section 9(a) of the Tax Law for electronic funds transfer (hereinafter referred to as EFT) and by section 10(a) ofthe Tax Law for commissioner, payment of tax, and taxpayer apply to this Part. The definitions provided by section 2396.2 ofthe Title for automated clearing house, ACH credit, ACH debit, department, electronic payment reportingsystem, Federal reserve wire transfer and program alsoapply to this Part. In addition, the following terms are defined forpurposes of this Part:
(a) The term programyear means the period from September 1st of any given year throughAugust 31st of the following year.
(b) The term look-backperiod means the June 1st through May 31st period which immediatelyprecedes the previous June 1st through May 31st period and which isused to determine required participation in the program for a givenprogram year. For example, the look-back period of June 1, 2004, throughMay 31, 2005, is used to determine required participation in the programfor the September 1, 2006, through August 31, 2007, program year.
(c) The term businessday shall mean a day other than Saturday, Sunday or the followingholidays: New Year's Day, Martin Luther King Jr. Day, President'sDay, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans'Day, Thanksgiving Day and Christmas Day, except that such term shallonly include the hours up to 3:00 p.m. (Eastern time) on the lastbusiness day before the applicable due date.
(d) The term applicabledue date means three business days after the 22nd day of eachcalendar month.
20 CRR-NY 2397.1
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.