3.0 Tennessee Equipment Special County Tax

Modified on Fri, 24 Oct at 2:22 PM

Tennessee has introduced a special county tax that is only applied to equipment property purchases.


To accomodate this new tax law, Softbase has added a "County Special Flag" section to the County/Prov tab of Absolute sales tax setup.


This setup will allow you to enter a default state tax rate, and then a county tax rate, but then will allow a "special" county rate that will take affect based on certain purchase amounts.

 

For example, in our setup below, we will have the following occur: 

Tax out at the state rate of 7%

Tax out at the county rate of 2.25% up to $1600 in sales

Increase the county rate to 2.75% after $1600 up to the $3200 dollar amount.

 

 

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