| |
AUTHORIZATION
AGREEMENT FOR PREAUTHORIZED PAYMENTS |
TC
95-583
Rev. 12/07 |
I (we) hereby authorize The Commonwealth of Kentucky, hereinafter
called The Commonwealth, to initiate debits entries
to my (our) checking account indicated below and the depository
named below, hereinafter called DEPOSITORY, to debit the same to
such account.
This authority is to remain in full force and effect until The
Commonwealth and DEPOSITORY has received written notification from
me (or either of us) of it's termination in such time and in such
manner as to afford The Commonwealth and DEPOSITORY a reasonable
opportunity to act on it.
MAIL TO: Division of Motor Carriers PO
Box 2007 Frankfort, KY 40602
FAX
TO: 502-696-1915 If faxing please include copy of voided
check.
A voided check (or a copy of a voided check) is required
with the completed form to authorize your filing of the
Kentucky quarterly KIT tax return using our
website (http://transportation.ky.gov/dmc/). By using your KIT number
and password you can access the screen needed
to electronically file the return. As you submit the return, the
system will automatically print a copy of
the return for your records to show that it was timely filed. The
return also tells you the amount due and the
earliest that funds will be transferred from your bank account to
The Commonwealth's account.
The earliest money will be transferred will be two days after the
due date of the return. For example, if you file your return
on 10/20/08 and the due date is 10/31/08, the funds will not be
transferred out of your account until 11/2/08.
A brief explanation of the ACH debit process may help explain this
better. When you use a check to pay for something,
the bank of the individual receiving your check uses the bank transit
number and your account number (both of which
are preprinted on the bottom of your check), to tell them which
bank and account number your money is in so
they can transfer it into their account. The ACH debit process allows
us to keep these two numbers on file for you
and process the transfer of the money when you have submitted your
return electronically.
This process eliminates the need for you to fill out a paper tax
return and mail it to us. It eliminates the need for us to
process your return and prepare a deposit slip for our bank. Finally,
it eliminates the need for either of our banks
to process your check. Your bank statement will actually show that
the amount deducted was transferred to The
Commonwealth of Kentucky and was for your KIT Tax return.
While you already provide us with this information four times a
year when you send us your check, this information will
be kept separate from your regular tax information in a secured
location. Any changes to the password you selected
or bank account number must be done in writing and will not be accessible
through our normal call in procedures.
|