Tax Master Maintenance - Exemptions Tab
The table below describes the fields in the Exemptions Tab for Tax Master Maintenance.
Notes:
The purpose of a tax exemption is to provide full or partial immunity from taxes.
The Exemptions Tab is only available for Real Estate accounts, where the Account Type is 1, and for Supplemental accounts.
You can specify up to three exemptions per Tax Account.
If there
is data within the Exemptions Tab, the icon appears next
to the tab name.
Exemptions Tab Tip: To see even more information about a particular field, click the hyperlink for the field name. |
|
Click a valid Exemption Code in the drop-down list. Tip: To remove an existing exemption, click 00 and change the Exemption Amount to zero. | |
Displays the description associated with the Exemption Code. | |
Enter the dollar amount of the exemption. (7.2) | |
Displays the Exemption Type (Personal Property or Tax Credit) associated with the Exemption Code. Note: For more information about Exemption Types, click the field name. | |
Displays the calculated total of the amounts for exemptions whose Exemption Type is P for Property Exemptions. Notes:
| |
Displays the calculated total of the amounts for exemptions whose Exemption Type is T for Tax Credit. Notes:
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