Sec. 12-688. Voluntary payments by electronic funds transfer.
Sec. 12-688. Voluntary payments by electronic funds transfer. (a)(1) Any person who files any tax return for any tax on a monthly or quarterly basis and who is not
required under section 12-686 to pay such tax by electronic funds transfer may, at any
time, submit a request to the department for permission to pay such tax by one of the
means of electronic funds transfer approved by the department.
(2) Any person who files a tax return for any tax on an annual basis and who is not
required under section 12-686 to pay tax by electronic funds transfer may, at any time,
submit a request to the department for permission to pay such tax by one of the means
of electronic funds transfer approved by the department.
(b) (1) If the department grants permission to any person to pay tax by electronic
funds transfer, such person shall, except as provided in subdivision (2) of this subsection,
be regarded, for the period for which such permission is granted, as a person who is
required under section 12-686 to pay a tax by electronic funds transfer. If such person
gives notice, by certified mail, to the department, at least sixty days before the expiration
of such period, that such person no longer chooses to pay tax by electronic funds transfer
beyond such period, such person shall cease to be regarded as a person who is required
under section 12-686 to pay a tax by electronic funds transfer after the expiration of
such period. If such person does not give such notice, such person shall cease to be
regarded as a person who is required under section 12-686 to pay tax by electronic funds
transfer sixty days after notice is given, by certified mail, to the department that the
person no longer chooses to pay tax by electronic funds transfer.
(2) If the department grants permission to any person to pay a tax by electronic
funds transfer, any tax payment made by electronic funds transfer by such person shall
be treated as a tax payment made in a timely manner as long as such transfer is initiated
on or before the date such tax is due, notwithstanding the fact that the bank account
designated by the department may not be credited by electronic funds transfer for the
amount of such payment on or before said due date.
(May Sp. Sess. P.A. 92-17, S. 38, 59; June Sp. Sess. P.A. 01-6, S. 33, 85.)
History: May Sp. Sess. P.A. 92-17, S. 38 effective June 19, 1992, and applicable to any tax payments or estimated tax
payments due on or after January 1, 1993; June Sp. Sess. P.A. 01-6 amended Subsec. (b) to designate existing provisions
as Subdiv. (1), making a conforming change therein, and to add new Subdiv. (2) re timeliness of payments via electronic
transfer, effective July 1, 2001, and applicable to payments required to be made on or after that date.