Tax Payment Convention definition

Tax Payment Convention or “TXP” means the standard format developed by the Federation of Tax Administrators and the Banker's EDI Council of NACHA and approved by the Banker's EDI Council of NACHA that identifies tax payments in the addenda record portion of a CCD+ ACH transaction.
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Tax Payment Convention. (TXP) means the standard format approved by the Bankers EDI Council of NACHA that identifies tax payments in the addendum record portion of a CCD+ transaction.
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Examples of Tax Payment Convention in a sentence

  • These payments must be in the NACHA CCD+ format using the Tax Payment Convention (TXP).

  • These payments must be in the NACHA CCD+ format using the Tax Payment Convention (TXP) and may only be initiated for the EFT tax payments to the State Board of Equalization provided for by statute.

  • These payments must be in the NACHA CCD+ format using the Tax Payment Convention (TXP) and may only be initiated for EFT tax payments to the BOE provided for by statute.

  • These payments must be in the NACHA CCD + format using the Tax Payment Convention (TXP) and may only be initiated for the EFT tax payments to the CDI provided for by statute.

  • This EFT payment must be in NACHA CCD + format using the Tax Payment Convention (TXP) and may only be initiated to the California State Controller’s Office.

  • This EFT payment must be in NACHA CCD + format using the Tax Payment Convention (TXP) and may only be initiated to the California State Controller’s Office contracted EFT bank.