Form 4040 - Motor Fuel Electronic Funds Transfer (Eft) Credit Application Page 2
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1
2Form 4040 Instructions
Payments of Michigan Motor Fuel Taxes Using EFT Credits.
You are requesting permission to make monthly payments of motor fuel taxes using the Electronic Funds Transfer (EFT) credit
method. To use this method, you must contact an EFT member bank (or its affiliate) and request that it initiate an EFT credit electronic
funds transfer to the designated State of Michigan bank account. (Please contact your bank for information concerning its ability to
initiate EFT credits for you.)
Please send a zero dollar transmission, completely formatted, as a test to the State of Michigan bank account using the EFT credit
method. Once we have verified that the test posts to your account properly, we will send you written approval and you can begin EFT
credit payments immediately.
Transmission Information Detail
1.
Make EFT credit transmissions to the State Treasurer’s account at Bank One, N.A., Detroit, account number 0700073. Your bank
may also need to know Bank One’s ABA number, which is 0720 0032 6. You must contact your bank early to notify them of your EFT
transfer amount. Most banks require at least 24 hours’ lead time. Contact your bank for specific deadlines.
2.
Your bank needs to know the format for the addendum portion of the transmission. The State of Michigan has adopted the
following CCD+ format:
Field
Contents
Segment Identifier
"TXP"
Federal Employer Identification Number or Michigan Department of Treasury assigned
account number ("ME-..." or "TR-..."). Please enter the entire account number,
TXP01
including the hyphen.
TXPO2
Tax Type Code: 05000 Motor Fuel
Tax period end date. Period for which tax was accrued in "YYMMDD" format ("DD can
TXPO3
be any valid day, preferably the 20th of the month.)
TXPO4
Amount type. "T" for Tax.
Amount of tax being paid in "$$$$$cc" format ("cc," cents must be filled in even if you
TXPO5
transfer whole dollar amounts.)
TXPO6
Amount type. "P" for penalty.
Amount of penalty being paid in "$$$$$cc" format ("cc" cents must be filled in even if
TXPO7
you transfer whole dollar amounts.)
TXPO8
Amount type. "I" for interest.
Amount of interest being paid in "$$$$$cc" format. ("cc" cents must be filled in even if
TXPO9
you transfer whole dollar amounts.)
NOTES:
1. Fields TXP06, TXP07, TXP08, and TXP09 are optional and only need to be completed if penalty and/or interest are being paid.
2. Separator for all fields is "*".
3. Terminator = "\."
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