Section 280-RICR-20-30-1.7 - ACH Credit DetailsA. An ACH credit submission is required to meet the following criteria: 1. The addenda record must include all information and be in the format as provided in the Authorization Agreement form (RI-EFT-1).2. Arrangements must be made through the taxpayer's bank to set up the process for submitting the ACH credit payments.3. For a payment to be timely, the effective date must be on or before the due date for the liability. That is, payment must be completed by the taxpayer's bank in time to be received by the payment due date. All payments received after the due date are late payments and will accrue interest and penalty as applicable.4. Submission of an ACH credit payment does not constitute the filing of a tax return. All tax returns subject to the electronic filing mandate must be filed electronically. Failure to file such returns electronically will result in the assessment of a penalty.280 R.I. Code R. § 280-RICR-20-30-1.7
Amended effective 3/2/2020
Amended effective 2/26/2023