SYTX - STATE

State/County Rate Master

This common code is what the system uses to determine the home tax rate when use tax entries are created in an Accounts Payable Set. If the Tax rate for the Tax Code entered on a transaction is more or less than the rate on this common code, the system automatically creates use tax records for the difference.

Also used to indicate District Rate if not Multi-Rate District.

Code Category: SYTX

Code Value: STATE

Short Description: Not required.

Medium Description: Not required. Used to describe common code.

Long Description: Not required. Used to describe common code. For example: Master entry defining the State Tax Percentage Rate.

Associated Numeric Values

1: Used to denote the home tax rate. This is the rate you are required to pay. For example, a rate of 7.25 would be entered as 7.25000.

2-5: Reserved for future use.

Associated Codes, Associated Descriptions

1-5: Reserved for future use.