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Lease taxes

Dear List;

Here's a tricky one. We lease trucks on both short and long terms. It
seems that
Texas has some unique tax rules............

0-30 day contracts are rentals taxed at 10%.

31-180 day contracts are rentals taxed at 6.25%.


Any idea on how to handle this? FYI We do use Vertex.


Bert R. Sternal
IT Business Analyst
Wabash National
(765) 772-2779 Voice
(765) 772-2299 Fax
 
G

Guest

Guest
Could you set up two different items, one for short term rental and one for
long term rentals. Then use item specific tax rates in the JDE tax areas
setup? I'm not sure about Vertex, as I haven't used it at any of my
clients.

Andy Klee

Klee Associates, Inc.
J.D. Edwards Certified Professional
Phone: 970.856.4811
Cellular: 303.591.7344

www.JDETips.com
 
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