§ 5.3. Payments required to be paid by EFT.

 (a)  Beginning July 1, 1992, a payment in the amount of $40,000 or more shall be remitted using a method of EFT selected by the taxpayer. A taxpayer may choose the ACH debit method or the ACH credit method.

 (b)  Beginning January 1, 1993, a payment in the amount of $30,000 or more shall be remitted using a method of EFT selected by the taxpayer. A taxpayer may choose the ACH debit method or the ACH credit method.

 (c)  Beginning January 1, 1994, a payment in the amount of $20,000 or more shall be remitted using a method of EFT selected by the taxpayer. The taxpayer may choose the ACH debit method or the ACH credit method.

 (d)  This requirement applies to payment of only the following taxes:

 Sales and Use

 Employer Withholding

 Liquid Fuels

 Fuel Use

 Mutual Thrift Institutions

 Oil Company Franchise

 Malt Beverage

 Motor Carrier Road Tax

 Corporate Net Income

 Capital Stock-Franchise

 Bank Shares

 Title Insurance and Trust
 Company Shares

 Insurance Premiums

 Public Utility Realty

 Gross Receipts

 (e)  A taxpayer may satisfy the obligation to remit a payment by EFT by delivering a certified or cashier’s check, in person or by courier with the appropriate return or deposit statement, to the Pennsylvania Department of Revenue, Bureau of Business Trust Fund Taxes, EFT Unit, Ninth Floor, Strawberry Square, Fourth and Walnut Streets, Harrisburg, Pennsylvania 17128 on or before the due date of the obligation. Payments will not be accepted at other Department locations.

 (f)  Separate transfers shall be made for each payment.

   The provisions of this §  5.3 amended November 5, 1993, effective March 1, 1994, 23 Pa.B. 5306; amended August 23, 1996, effective August 24, 1996, 26 Pa.B. 4089. Immediately preceding text appears at serial pages (198124) to (198125).

   This section cited in 61 Pa. Code §  5.7 (relating to miscellaneous provisions).