Electronic Funds Transfer (EFT)
Electronic Funds Transfer (EFT) eliminates problems associated with lost checks and penalties for late payment and reduces the costs of handling and processing. EFT is available for businesses and individuals and is voluntary for all taxpayers except those who are subject to the mandatory requirements explained below.
Taxpayers remitting any single business tax of $50,000 or more during the previous fiscal year must pay and file returns electronically for all business tax types, unless specifically excluded. You can visit the
Electronic Filing for Businesses page for information about exclusions to the e-File requirement.
Using EFT to pay your tax liability makes no changes to your state tax return filing requirements. You still must file returns by the statutory due date electronically or on paper, if required, with the State Tax Department.
A 3% civil penalty will be applied to any payment received that is not made by EFT when EFT payment is required and a waiver has not been obtained.
There will be a $15.00 fee for all returned electronic payments for any reason (insufficient funds, closed accounts, etc.). This includes payments submitted by ACH Debit, ACH Credit and credit card.