Tax Credit Terms - REV127

This program allows you to set up and maintain the Credit Terms file in AP specifically for revenue tax remittance purposes. You can use tax districts for taxes paid by taxing entities other than the state such as school districts or counties. You can also use them to segregate taxes that are paid on a state level but that do not apply to all properties within that state. In this case, a special district is set up. A Tax Master record is set up in the Production Taxes - REV128A program for the special district, and the district is then assigned to specific properties in the Purchaser Property - REV100A program. Any special state tax, which is set up on a district, should not be set up in the Tax Master for the state.