Code of Maine Rules › 18 - DEPARTMENT OF ADMINISTRATIVE AND FINANCIAL SERVICES › 125 - BUREAU OF REVENUE SERVICES › Chapter 102 - ELECTRONIC FUNDS TRANSFER (EFT) › Section 125-102-.01 - DEFINITIONS

Current through 2024-29, July 17, 2024
As used in this rule, the following terms have the following
				  meanings:
A.
Automated Clearing
				House.
"Automated Clearing House" (ACH) means a central distribution and
				settlement point for the electronic clearing of debits and credits between
				financial institutions. An automated clearing house may be a federal reserve
				bank or any organization that operates as a processing agent for ACH
				transactions between financial institutions pursuant to an operating agreement
				with the North American Clearing House Association.
B.
ACH credit method.
"ACH
				credit method" means an electronic funds transfer that utilizes the ACH network
				and that is initiated by a taxpayer or service provider via a financial
				institution to credit (i.e., deposit) a payment amount to a designated Maine
				State Government bank account.
C.
ACH debit method.
"ACH debit method" means an electronic funds
				transfer that utilizes the ACH network and that is, upon authorization by the
				taxpayer or service provider, initiated by MRS to debit (i.e., withdraw from) a
				taxpayer's designated bank account a payment amount for deposit into a
				designated Maine State Government bank account.
D.
ACH Network.
"ACH Network"
				means the electronic funds transfer system governed by the rules of the North
				American Clearing House Association.
E.
Addendum record.
"Addendum
				record" means the supplemental data included in the electronic ACH data file
				that is necessary for the accurate, timely processing of an EFT
				payment.
F.
Bank
				account.
"Bank account" means a financial account, including, without
				limitation, a savings account or checking account, established at a financial
				institution in the taxpayer's name or in the name of the service
				provider.
G.
Cash
				Concentration or Disbursement Plus Addendum (CCD+).
"Cash Concentration
				or Disbursement Plus Addendum" (CCD+) means a standard ACH transaction format
				that is accompanied by one addendum record.
H.
Customer Initiated Entry
				(CIE+).
"Customer Initiated Entry" (CIE+) means a standard ACH
				transaction format. A CIE entry is a credit entry that is initiated by or on
				behalf of the holder of a consumer account to effect a transfer of funds to the
				deposit account of a receiver. It is accompanied by one addendum record in the
				CCD+.
I.
Combined annual tax
				liability.
"Combined annual tax liability" means a taxpayer's tax
				liability for the prior calendar year for all taxes administered by MRS. The
				tax liability is measured as tax reported by the taxpayer, or as adjusted by
				MRS, and includes estimated tax liabilities required to be paid. For example,
				the combined annual tax liability for an individual income tax return equals
				the tax liability on Form 1040ME after application of non-refundable tax
				credits, either as reported by the taxpayer or as subsequently adjusted by MRS,
				less Maine income tax withheld and any applicable refundable tax credits. Any
				tax liability that is under reconsideration or judicial review and any
				assessment of tax for which the reconsideration period under  36 M.R.S. §
										151 has not yet expired as of the last day of the prior calendar year is not
				considered part of the combined annual tax liability.
J.
Corporate Trade Exchange
				(CTX).
"Corporate Trade Exchange" (CTX) means a standard ACH transaction
				format that accommodates multiple addenda records.
K.
Electronic Funds Transfer
				(EFT).
"Electronic Funds Transfer" (EFT) means a standard ACH funds
				transfer to credit or debit a bank account or wire transfer. EFT does not
				include payments by check, draft, or similar paper instrument.
L.
Financial institution.
"Financial institution" means a bank, savings bank, savings and loan
				association, credit union, or any other entity that manages savings accounts,
				checking accounts, or other financial accounts for its customers that can
				support the EFT transactions described in this rule.
M.
Intra-bank transfer.
"Intra-bank transfer" means the transfer of funds from a depositor's account to
				a Maine State Government bank account within the same financial
				institution.
N.
Maine Revenue
				Services (MRS).
"Maine Revenue Services" (MRS) means the Maine Bureau of
				Revenue Services.
O.
North
				American Clearing House Association (NACHA).
"North American Clearing
				House Association" (NACHA) means the national regulatory body that establishes
				the standards, rules, and procedures governing the ACH Network.
P.
Prenotification test.
"Prenotification test" means an ACH transaction test submitted to MRS by the
				taxpayer, service provider, or financial institution in the amount of at least
				one cent ($.01).
Q.
REW
				remitter.
"REW remitter" means a person, such as a title company or
				broker, that remits Maine real estate withholding ("REW") of tax pursuant to  36
				M.R.S. §5250-A on behalf of a buyer of Maine real property.
R.
Service provider.
"Service
				provider" means a person that performs accounting, tax preparation, or other
				similar services and remits tax payments on behalf of its clients. Examples of
				service providers are payroll processors as that term is defined in Title 10,
				chapter 222; accountants; third-party withholders such as banks; REW remitters;
				and billpaying services.
S.
Settlement date.
"Settlement date" means the date an electronic
				payment is deposited in a bank account designated by the State of Maine for
				deposit of electronic tax payments or the date a prenotification test
				transaction occurs.
T.
Standard EFT payment methods.
"Standard EFT payment methods" means
				the ACH credit method or the ACH debit method of electronic funds
				transfer.
U.
Taxpayer
				identification number.
"Taxpayer identification number" means the
				account number assigned by MRS to a person's tax account.
V.
Tax payment convention.
"Tax
				payment convention" (TXP) means the standard format approved by the Bankers EDI
				Council of NACHA that identifies tax payments in the addendum record portion of
				a CCD+ transaction.
W.
Wire
				transfer.
"Wire transfer" means the same-day transfer of funds from a
				depositor's account to a Maine State Government bank account using a wire
				transfer payment system such as Fedwire. Wire transfers do not contain a
				standard addendum record and may be used only in an emergency
				situation.