Promptax Metropolitan Commuter Transportation Mobility Tax (MCTMT) - Fedwire Detail
Format specifications and layout for Fedwire option
All Fedwire transactions must adhere to Federal Reserve rules and format specifications to ensure timely and accurate payments. The PrompTax Fedwire payment specifications you must use for MCTMT are below.
| Field description | Line | Field | Field input | Notes |
|---|---|---|---|---|
| Priority Code | 1 | (1) | 02 | Input is always ‘02'. |
| Receiving Bank Identifier/td> | 2 | (2) | 121000248 | Input is always ‘121000248'. |
| Fedwire Type/Subtype | 2 | (3) | 1000 | Input is always ‘1000'. |
| Sending Bank Identifier | 3 | (4) | Numeric | This is your bank's transit routing number. Input is mandatory. |
| Fedwire Class Code | 3 | 5) | Numeric | Optional |
| Sending Bank Reference | 3 | (6) | Numeric | This is your bank's number. |
| Fedwire dollar amount | 3 | (7) | Numeric | This is the payment amount that will be remitted to the State of New York. |
| Sending bank name | 4 | (8) | Alpha-numeric | Abbreviation of the sending bank's name. Input is mandatory. |
| Order party | 4 | (9) | Alpha-numeric | This is your company's legal name. This field is mandatory and should be entered as: ‘ORG = your company legal name' i.e., ORG = XYZ Corporation In the event your company is paying through a non Federal reserve member also include 'ORG=your company's bank'. (Originator Bank) |
| Receiving bank name | 5 | 10) | Wells Fargo NA | Abbreviation of the receiving bank's name. Input is mandatory. Input is always ‘Wells Fargo NA'. |
| Product code | 5 | (11) | CTR | Input is always ‘CTR'. |
| Third party/beneficiary | 5 | (12) | BNF=NYS DTF | Input is always ‘BNF=NYS DTF'. |
| Beneficiary account number | 5 | (13) | This is the Tax Department's bank account number. | Please call PrompTax customer service at 518-457-2332 between the hours of 8:30 a.m. and 4:30 p.m. EST to obtain this number. |
| Originator to beneficiary Information | 6 & 7 | (14) | Numeric | This is the company's tax identifying information. Input is mandatory and must follow the format below. |
Originator to beneficiary format: Field 14
The table below shows the format for Field 14. This field is made up of several sub-fields and is where you report specific tax return information.
| Sub position description | Element | Position | Field size | Field input | Notes |
|---|---|---|---|---|---|
| Tax type code | (A) | 1-2 | 2 | MT | Input is always 'MT'. |
| Separator | (B) | 3 | 1 | ! | |
| Access code | (C) | 4-9 | 6 | Numeric | This is a confidential number provided by the New York State Department of Taxation and Finance. Input is always your six digit number. |
| Separator | (D) | 10 | 1 | ! | |
| Tax ID number | (E) | 11-21 | 11 | Numeric | Input is left-justified and alpha-numeric. Any unused positions should remain blank. Do not include check digit. |
| Separator | (F) | 22 | 1 | ! | |
| Payroll date | (G) | 23-28 | 6 | Numeric (MMDDYY) |
Specifies the date of the payroll which you are reporting. Input is always numeric and MMDDYY format. |
| Separator | (H) | 29 | 1 | ! | |
| MT gross wages amount | (I) | 30-43 | 14 | Numeric | This is the MT gross wages amount. Input is right-justified, numeric and without a decimal between dollars and cents; any unused spaces should be filled with zeros. If your liability is zero, fill the entire field with zeros. |
| Separator | (J) | 44 | 1 | ! | |
| MT tax amount | (K) | 45-54 | 10 | Numeric | This is the MT tax amount. Input is right-justified, numeric and without a decimal between dollars and cents; any unused spaces should be filled with zeros. If your liability is zero, fill the entire field with zeros. |
| Separator | (L) | 55 | 1 | ! |
Example
XYZ Corporation is making a metropolitan commuter transportation mobility tax (MT) Fedwire payment of $334.75. Their access code is 778899 and their taxpayer identification number is 010203045. For the payroll date of January 20, 2016 they are reporting gross wages of $320,500.25 and a metropolitan commuter transportation mobility tax payment of $334.75.
*The numbers (fields) and letters (elements) in parentheses are to assist you in referring to the specification and layout tables. They do not appear on the actual Fedwire layout.
*Fields that your bank will provide (4, 6, and 8) are blank in this example.
| (1)* | |||||||||||||||||||||||||||||||||||||||||
| Line 1 | 0 | 2 | |||||||||||||||||||||||||||||||||||||||
| (2) | (3) | ||||||||||||||||||||||||||||||||||||||||
| Line 2 | 1 | 2 | 1 | 0 | 0 | 0 | 2 | 4 | 8 | 1 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
| (4) | (5) | (6) | (7) | ||||||||||||||||||||||||||||||||||||||
| Line 3 | $ | 3 | 3 | 4 | . | 7 | 5 | ||||||||||||||||||||||||||||||||||
| (8) | (9) | ||||||||||||||||||||||||||||||||||||||||
| Line 4 | O | R | G | = | X | Y | Z | C | O | R | P | O | R | A | T | I | O | N | |||||||||||||||||||||||
| (10) | (11) | (12) | (13) | ||||||||||||||||||||||||||||||||||||||
| Line 5 | W | E | L | L | S | F | A | R | G | O | N | A | C | T | R | B | N | F | = | N | Y | S | D | T | F | Call the department to obtain our 10-digit bank account number. | |||||||||||||||
| (A) | (B) | (C ) | (D) | (E) | (F) | (G) | (H) | ||||||||||||||||||||||||||||||||||
| Line 6 | M | T | ! | 7 | 7 | 8 | 8 | 9 | 9 | ! | 0 | 1 | 0 | 2 | 0 | 3 | 0 | 4 | 5 | ! | 0 | 1 | 2 | 0 | 1 | 6 | ! | ||||||||||||||
| (I) | (J) | (K) | (L) | ||||||||||||||||||||||||||||||||||||||
| Line 7 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 0 | 5 | 0 | 0 | 2 | 5 | ! | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 4 | 7 | 5 | ! | |||||||||||||||