§ 203.9. Scope of the subpart.
72 words·~1 min read·
/us/cfr/t31/s§ 203.9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This subpart prescribes the rules that financial institutions must follow when they process electronic Federal tax payment transactions. A financial institution is not required to be designated as a TT depositary in order to process electronic Federal tax payments. In addition, a financial institution does not become a TT depositary by processing electronic Federal tax payments under this subpart and may not represent itself as a TT depositary because it does so.