Indiana Code 6-8.1-8-1.7. Required periodic payments by electronic funds transfer
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Terms Used In Indiana Code 6-8.1-8-1.7
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
Sec. 1.7. The department may require a person who is paying the person’s outstanding gross retail tax or withholding tax liability using periodic payments to make the periodic payment by electronic funds transfer through an automatic withdrawal from the person’s account at a financial institution.
As added by P.L.182-2009(ss), SEC.255.