17 NCAC 01C .0504. WHEN PAYMENT BY EFT IS REQUIRED

(a)  Certain Corporations. -- A corporation that makes its federal estimated corporate income tax payments by EFT must make its State estimated corporate income tax payments by EFT.  A corporation that makes its federal estimated corporate income tax payments by EFT must obtain an EFT registration form and submit it to the Department.

(b)  Other Taxpayers. -- A taxpayer who pays in a selection period at least two hundred forth thousand dollars $240,000 of a tax that is reported on a quarterly, monthly, or more frequent basis must pay that tax by EFT when the Department notifies the taxpayer of this requirement.  The Department must notify a taxpayer by first class mail sent to the last address of record.  When notified, the taxpayer must complete an EFT registration form and begin making payments by EFT by the date set by the Department. That date must be at least 60 days after the date of the notice.

(c)  Assistance. -- The Department must provide technical assistance to taxpayers required to pay taxes by EFT.  The Department must have an EFT hotline available to taxpayers each business day from 8:00 a.m. to 5:00 p.m. Eastern Standard Time.  A State holiday is not a business day.

 

History Note:        Authority G.S. 105-163.40; 105-241; 105-262;

Eff. October 1, 1993;

Amended Eff. May 1, 1995; March 1, 1995; November 1, 1994;

Temporary Amendment Eff. December 20, 1995;

Amended Eff. July 1, 2000; April 1, 1997; October 1, 1996.