Section 125-102-.01 - DEFINITIONSAs 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.18-125 C.M.R. ch. 102, § .01