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03.01.02.00.htm 03.01.02.00. Title 03 COMPTROLLER OF THE TREASURY Subtitle 01 OFFICE OF THE COMPTROLLER Chapter 02 Tax Payments ― Immediately Available Funds Authority: Tax-General Article, §2-103, 13-104, and 13-105, Annotated Code of Maryland
03.01.02.01.htm 03.01.02.01. 01 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "ACH credit" means a transaction in which a taxpayer, through the taxpayer's bank and an automated clearing house, originates an entry crediting the State of Maryland's bank account and debiting the taxpayer's bank account for the amount of the payment due.2) "ACH debit" means a transaction in which the Treasurer, through a designated depository bank and
03.01.02.02.htm 03.01.02.02. 02 Requirements for Payment by Immediately Available Funds.. A. A taxpayer whose unpaid tax liability is $10,000 or more shall remit payment by immediately available funds pursuant to the following:1) Except as provided for in §A(2) of this regulation, payment shall be made by using:. a) ACH credit;. b) ACH debit; or. c) Direct debit;. 2) Payment by wire transfer may be used if the taxpayer:. a) Initiates an ACH credit or authorizes an ACH debit transaction which fails; and.
03.01.02.03.htm 03.01.02.03. 03 Registration.. A person making a payment by ACH debit, or as an agent for a taxpayer, may be required to register with the Comptroller before initiation of an ACH tax payment.
03.01.02.04.htm 03.01.02.04. 04 Rules for Use of ACH and Direct Debit Payments.. A. General Rule. A taxpayer using the ACH payment method shall make the appropriate arrangements to initiate the payment at least one business day before the due date so that the transfer is executed on the date payment is due.B. Specific Rules for ACH Debit.. 1) A taxpayer using the ACH debit payment method shall make the appropriate arrangements to initiate the payment by 2 p.m. on the last banking day before the due date.
03.01.02.05.htm 03.01.02.05. 05 Miscellaneous Filing and Reporting Provisions.. A. A person making a tax payment using the ACH credit, ACH debit, direct debit, or wire transfer method shall file the following returns:1) For Maryland individual income tax withholding:. a) Annual Employer Withholding Reconciliation Return using Form MW508 (COM/RAD-042). b) Amended Annual Employer Withholding Reconciliation Return on Form MW508A (COM/RAD-043) and. c) Amended Employer’s Return of Income Tax Withhel
03.01.02.06.htm 03.01.02.06. 06 Payment of Delinquent Taxes by Immediately Available Funds.. The Comptroller may require a taxpayer having a delinquent unpaid tax liability to remit the unpaid taxes by immediately available funds regardless of the amount of the delinquent unpaid tax for:A. Income tax withheld by an employer;. B. Corporation income tax; or. C. Sales and use tax..
03.01.02.9999.htm 03.01.02.9999. Administrative History Effective date: April 26, 1993 (20:8 Md. R. 722). Regulation .01B amended effective January 14, 1999 (26:1 Md. R. 19) November 10, 2003 (30:22 Md. R. 1577) March 27, 2017 (44:6 Md. R. 324)Regulation .02 amended effective January 14, 1999 (26:1 Md. R. 19). Regulation .02 amended as an emergency provision effective July 1, 2003 (30:15 Md. R. 989) amended permanently effective November 10, 2003 (30:22 Md. R. 1577)
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