EDR in the News
Electronic Bank Levy
Currently, we issue all bank levies by paper notices. Beginning May 2013, we will implement the Electronic Bank Levy Program (eLevy). We do not anticipate any impacts to taxpayers due to this new program.
eLevy helps us reduce paper usage, decrease postage expenses, and increase overall operational efficiency.Financial institutions that participate in eLevy will benefit from automation of some manual processes and reduction in paper usage. eLevy will not have an impact on the volume of levies we issue. Financial institution participation in eLevy is voluntary.