§ 6-8.1-18-3 — Annual registration; payroll service provider

Indiana § 6-8.1-18-3

• Jurisdiction: Indiana
• Art. 8.1: DEPARTMENT OF STATE REVENUE; TAX
• Ch. 18: Payroll Service Provider Registration

Text

(a) The department shall require each payroll
service provider to annually register with the department in the manner
prescribed by the department.
(b) The department shall prescribe the annual registration form to
be used by a registrant under subsection (a). The form must require at
least the following:
(1) A list of all responsible persons of the payroll service provider
that provide third party payroll services.
(2) A certification and acknowledgment by the payroll service
provider that the bank account that is used by the payroll service
provider for employer withholding tax deposits shall only be used
for employer withholding tax liabilities and other payroll
obligations of client employers that the payroll service provider
is holding and is required to remit to the appropriate agency,
employee of the employer, or other payee as authorized by the
employer, and may not be used for any other purpose (other than
using the account as a sweep account under section 4 of this
chapter), including for the payment of operating expenses or
personal use, and that a payroll service provider's withdrawal or
use of funds in the account for any other purpose constitutes
fraud.

Legislative History

As added by P.L.97-2021, SEC.2.