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EFT INFORMATION AND INSTRUCTIONS

GENERAL INFORMATION

During the1995 Regular Legislative Session, Act 954 was adopted requiring all Distributors and Suppliers to remit

Motor Fuel Taxes to the State of Arkansas by Electronic Funds Transfer (EFT).

Each Distributor and/or Supplier must complete a Authorization Agreement form registering the different Fuel types

that will be paid by EFT.

All filers must transmit EFT payment at least one working day before the due date so the money will be in our account

on the due date. If the due date falls on a weekend or a holiday, the next working day becomes the due date. Therefore,

the business will transmit on Friday before the weekend.

ALL FUND TRANSFERS, MUST BE MADE BEFORE 3:00

p.m. CENTRAL TIME ZONE. ANY EFT TRANSACTION RECEIVED AFTER THE CUT OFF TIME WILL BE

ASSESSED A LATE PENALTY.

A separate Authorization Agreement Form must be completed for reach Bank Account that your company will use for

EFT. If you change your bank account you must submit a new

MF-EFT1

10 working days before the next due date.

EFT

Federal wire transfers are not an acceptable means of making

payments and will not be considered timely

payments.

Payments made by Bank Checks for Motor Fuel Taxes and Petroleum Environmental Fee are

UNACCEPTABLE

and

will not be considered timely payments.

INSTRUCTIONS

SECTION “A” CONTRACTS:

Business Name - Enter the correct legal name of your Company.

FEIN

- Is required on all Accounts.

PRIMARY and SECONDARY CONTACT PERSONS

- Are very essential, we are requesting that these individuals be

the owner or employee who will actually be involved with the EFT process each month.

EACH COMPANY WILL BE REQUIRED TO CHOOSE ONE OF THE TWO OPTIONS.

SECTION “B” ACH DEBIT:

If you choose the ACH Debit you authorize the Department of Finance and Administration or its Agents to debit the

Bank Account you have indicated on this form for your Monthly Motor Fuel Tax. This debit will be created when your

Primary or Secondary Person places a phone call to the States agent giving the individual Tax Type(s) and amount due

for the reporting period. This call must be placed one business day prior to the due date of the tax.

A warehousing feature is available to allow essential personnel to enter EFT payment 45 days before the due date, if

he/she will be out of the office.

SECTION “C” ACH CREDIT:

You are indicating that your bank will be able to transfer your monthly Motor Fuel Tax one business day before the due

date.

ACH Credit

All

filers will need to transmit a successful pre-note for the amount of one cent in the required

CCD - TXP

FORMAT

before making their regular payments in this manner.

AFTER YOUR COMPANY HAS CHOSEN EITHER ACH DEBIT OR CREDIT FOR THE REMITTING MOTOR

FUEL TAX YOU WILL BE PROVIDED ADDITIONAL INFORMATION CONCERNING THE METHOD YOU

HAVE CHOSEN.

(Rev 10/97)

Form Mf-Eft-1m - Motor Fuel Tax Authorization Agreement For Electronic Funds Transfer Page 2

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