Florida Administrative Code › 61 - DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION › 61 - Departmental › Chapter 61-15 - ELECTRONIC FUNDS TRANSFER › Section 61-15.002 - Definitions

Current through Reg. 50, No. 138; July 16, 2024
For the purposes of this rule chapter, the terms and phrases
				  used in these rules shall have the meanings prescribed in this section, unless
				  a different meaning is clearly indicated by the context in which the term or
				  phrase is used.
(1) "ACH" or
				"Automated Clearing House" means a central distribution and settlement point
				for the electronic clearing of debits and credits between financial
				institutions rather than the physical movement of paper items.
(2) "ACH credit" means the electronic
				transfer of funds generated by the taxpayer, cleared through the ACH for
				deposit to the State Treasury.
(3)
				"ACH debit" means the electronic transfer of funds from the taxpayer's account
				which is generated upon the taxpayer's instruction and cleared through the ACH
				for deposit to the State Treasury.
(4) "Addenda record" means that information
				required by the department in an ACH credit transfer or wire transfer, in
				approved electronic format.
(5)
				"Call-in day" means the day on which a taxpayer communicates payment
				information to the data collection center.
(6) "Call-in period" means the specified time
				interval in each call-in day during which EFT payment information received by
				the data collection center is processed for transactions occurring on the next
				business day. In accordance with established banking practice, payment
				information must be communicated to the data collection center prior to 3:45
				p.m. (Eastern Time), on the call-in day to clear the ACH for deposit in the
				State Treasury on the next business day.
(7) "Data collection center" means the entity
				who, on behalf of the department, collects and processes EFT payment
				information from taxpayers.
(8)
				"Department" means Florida Department of Business and Professional
				Regulation.
(9) "Due date" means
				the date on or before which a taxpayer must, by law, pay a fee or tax to the
				department.
(10) "Electronic funds
				transfer" or "EFT" means any transfer of funds initiated through an electronic
				terminal, telephone instrument, computer or magnetic tape so as to order,
				instruct, or authorize a financial institution to debit or credit an account
				using the methods specified in these rules.
(11) "Payment information" means the data
				which the department requires of a taxpayer making an EFT payment and which
				must be communicated to the data collection center.
(12) "Payor" means the taxpayer.
(13) "Payor information number" means a
				confidential code assigned to each taxpayer which uniquely identifies the payor
				and allows the payor to communicate payment information to the data collection
				center. The taxpayer will be given a separate payor identification number for
				each tax type.
(14) "State fiscal
				year" means July 1 through June 30.
(15) "Taxpayer" means any person required to
				remit an amount by the electronic transfer of funds. Solely for the purpose of
				these rules, a "person" includes any individual, firm, partnership, joint
				adventure, association, corporation, estate, trust, business trust, receiver,
				syndicate, or other group or combination acting as a unit and also includes any
				political subdivision, municipality, state agency, bureau, or department and
				includes the plural as well as the singular number. The term "person" does not
				include county tax collectors or those political subdivisions, municipalities,
				state agencies, bureaus, or departments which remit taxes subject to EFT
				through journal transfer. Solely for the purposes of these rules, a person
				required to remit a tax acting as a collection agent or dealer for the state
				shall nonetheless be considered a taxpayer.
(16) "Tax type" means a tax which is subject
				to EFT, each of which shall be considered a separate category of payment. The
				tax types for which taxpayers will be required to pay amounts due by EFT are as
				follows:
(a) Taxes due under Section
				210.02, F.S., from cigarette
				dealers.
(b) Taxes due under
				Section 210.30, F.S., from distributors
				of tobacco products.
(c) Taxes and
				fees due under Sections
				550.0951 and
				550.09511, F.S., from
				pari-mutuel permitholders.
(d)
				Taxes due under Section
				563.05, F.S., from
				manufacturers, distributors and vendors of malt beverages.
(e) Taxes due under Section
				564.06, F.S., from manufacturers
				and distributors of wine and beverages.
(f) Taxes due under Section
				565.12, F.S., from manufacturers
				and distributors of liquor and beverages.