![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 31 - Money and Finance: Treasury |
![]() |
Subtitle B - Regulations Relating to Money and Finance |
![]() |
Chapter II - Fiscal Service, Department of the Treasury |
![]() |
SubChapter A - Bureau of the Fiscal Service |
![]() |
Part 203 - Payment of Federal Taxes and the Treasury Tax and Loan Program |
![]() |
Subpart A - General Information |
§ 203.1 - Scope.
Latest version.
-
§ 203.1 Scope.
The regulations in this part govern the processing by financial institutions of electronic and paper-based deposits and payments of Federal taxes; the operation of the Treasury Tax and Loan (TT&L) program; the designation of TT&L depositaries; and the operation of the investment program. A financial institution may participate in the TT&L program by participating in the investment program or by accepting Federal tax payments, or both. A financial institution that accepts Federal tax payments may do so through the paper tax system (PATAX), or Electronic Federal Tax Payment System (EFTPS), or both. However, a financial institution is not designated as a TT&L depositary if it only processes EFTPS payments.