Introduced By: Senators Flynn and Bates
Date Introduced : February 8, 1999
It is enacted by the General Assembly as follows:
SECTION 1. Section 44-1-31 of the General Laws in Chapter 44-1 entitled "State Tax Officials" is hereby amended to read as follows:
44-1-31. Taxes to be paid by electronic funds transfer.
-- (a) The tax administrator is authorized to provide
by rule for the payment of any tax {ADD , including employer taxes, ADD}
by electronic funds transfer where the tax required to be paid
in connection with the filing of any return, report or other document
with the division of taxation exceeds {DEL twenty-five thousand
dollars ($25,000) DEL} {ADD ten thousand dollars ($10,000) ADD}.
{ADD Provided, however, in all instances where a taxpayer is required to pay employment taxes to the Internal Revenue Service by electronic funds transfer, the taxpayer shall pay Rhode Island income tax withheld by electronic funds transfer. ADD}
(b) The tax administrator shall adopt rules and regulations necessary to implement this section including but not limited to rules and regulations:
(1) Coordinating the filing of tax returns with the payment of taxes by electronic funds transfer; and
(2) Specifying the form and content of electronic funds transfer messages in order to insure the proper receipt and crediting of the tax payment.
(c) Payment of personal income taxes by individuals shall not be subject to the provisions of subsection (a), provided, however, employers' withholding of taxes shall be subject to the provisions of subsection (a).
SECTION 2. This act shall take effect September 1, 1999.
