BAMA
Transaction tax imposed on leases
What is rental (or leasing)tax?
Due on a mortgage, lien, or other evidence of indebtedness filed or recorded in Florida
What is Florida Doc Stamp Tax
Customers that enter FMV leases with assets located in the city of Chicago are subject to this tax
What is Chicago Personal Property Lease Transaction Tax (or Chicago Transaction Tax)?
State and local tax that is imposed by Tennessee on the first $1,600 of receipts from each separately itemized tangible personal property
What is Tennessee Single Article Tax?
The manufacturing exemption does not apply to this collateral type
What is material handling equipment?
Also referred to as "electronic" or "motorized"
What is self-propelled?
Often called a max tax, this Florida tax applies only to the first $5,000 of the sales amount on any item of tangible personal property
What is discretionary sales surtax (or local county option sales tax)?
1% tax imposed on taxable purchases in Chicago
What is Non-Titled Use Tax?
Address convention used to more accurately determine the proper state and local taxing jurisdiction where an asset is located
What is Zip+4?
Surcharge is imposed on the sales, lease or rental of new or used off-road heavy-duty diesel equipment
What is Texas Emissions Reduction Plan or TERP tax?
Taxed at 1.5%
What is the motor vehicle rate?
This certificate must be renewed annually by the Florida Department of Revenue
What is the resale certificate?
Chicago Transaction Tax does not allow this exemption
What is manufacturing exemption?
Credit for tax paid to another state
What is reciprocity?
FMVs are subject to the rate at the time of origination
What is Grandfather Rate?
Wells Fargo invoices a slightly higher tax reimbursement due to the AL tax on reimbursed tax.
What is an effective tax rate?
Exemption available to a business whose primary business activity at the location where the industrial machinery is located is within NAICS (North American Classification System) codes 31, 32, and 33
What is manufacturing exemption?
The nonprofit exemption does not apply to this Chicago Local Tax if the customer has a FMV lease
What is the Non-Titled Use Tax?
What is interstate commerce exemption?
Equipment delivered in Texas but forwarded to Mexico is exempt if this exemption certificate is provided
What is Maquiladora exemption?
What is partial rate?
Every 5 years, this type of customer is reissued an exemption certificate
What is nonprofit?
Frequency of Non-Titled Use Tax
What is upfront tax?
The Texas TERP product cheat sheet is maintained for the Deal Closing team to reference at this centralized location?
What is the Sales Tax COE Sharepoint site?