N.Y. Comp. Codes R. & Regs. tit. 20 § 2396.10

Current through Register Vol. 46, No. 45, November 2, 2024

Section 2396.10 - Liability for EFT transaction costs

The following rules shall govern the liability of a taxpayer participating in the program for the transaction costs associated with utilizing the various EFT payment options.

(a) ACH debit - the taxpayer shall not be liable for the transaction costs associated with ACH debit transactions.

(b) ACH credit - the taxpayer shall not be liable for the transaction costs associated with ACH credit transactions. If the taxpayer wishes New York State to pay such costs, it may deduct the transaction fee which it is charged from both the amount of tax which it is reporting for each payroll or payrolls, and from the corresponding payment of tax. If the taxpayer does so deduct, it shall also, at the same time as it submits its quarterly combined withholding wage reporting and unemployment insurance return for the calendar quarter, submit a statement summarizing such transaction costs and the banks which it utilized for program purposes for the calendar quarter.

(c) Fedwire - the taxpayer shall be liable for the transaction costs charged by its financial institution to initiate a fedwire transaction.

(d) Certified check - the taxpayer shall be liable for both the charges imposed by its financial institution for certified checks, if any, and for the costs of mailing its return and payment.

N.Y. Comp. Codes R. & Regs. Tit. 20 § 2396.10