Emergency-related state tax relief available for taxpayers located in twelve northern Michigan counties impacted by March 2025 storms.
EFT Credit Payments
EFT Credit Payments
Overview
Electronic Funds Transfer (EFT) Credit transactions authorize pushing funds into a bank account. Taxpayers should contact their financial institution to initiate tax payments by EFT Credit to Treasury. Some banks may charge a fee for EFT Credit payments.
Tax Types and EFT Credit Processes
The following business tax types can be paid via EFT Credit. For each tax type there are resources linked that provide instruction for remitting EFT Credit payments.
The following business tax types cannot be paid via EFT Credit:
- 9-1-1 Program
- Airport Parking Tax
- Bottle Deposit
- Insurance Provider Assessment Act
- International Fuel Tax Agreement
- Marihuana Retailer Excise Tax
- Motor Fuel Tax
- Partnership Audit Adjustment
- Qualified Heavy Equipment Excise Tax
- Severance Tax
- State Convention Facility Development Tax
- State Real Estate Transfer Tax
- Tobacco Tax
Automated Clearing House (ACH) Debit Block
An Automated Clearing House (ACH) Debit Block prevents all electronic transactions from processing unless they are specifically authorized. Generally, to place an ACH Debit Block, the bank account owner enters into an agreement with the financial institution. If you are unsure whether your account has an ACH Debit Block, contact your financial institution and ask. ACH Credit transactions do not require a Company ID number when there is an ACH Block on the account.
Treasury Company IDs for Business Tax Payments
A Company ID is a password that allows an electronic payment to be processed through a bank account with an ACH Debit Block. For EFT Credit, payments are initiated by the bank account owner with the financial institution directly. Therefore, a Company ID is not necessary.