Steps Maintain Timber Tax Yield Rates

Navigate:ClosedTax > Levy Management > Tax Entity Maintenance > Timber Yield Tax Rates > Maintain Timber Tax Yield

ClosedNavigation Flowchart

Here is a flowchart of Tax > Levy Management > Tax Entity Maintenance > Timber Tax Yield Rates. Obvious actions, such as Close, Previous, and Save, are not included in the flowchart. Common Actions are included only if necessary for task completion.

Description

NOTE: This task may not apply to your jurisdiction.

Any changes to the BOE Change Notice that affect a TRA or district associated with the Timber Yield Tax generate an alert. This screen is used to maintain timber tax yield rates.

When a TAG-TAF relationship related to the Timber Tax matrix is removed, the TAG-TAF item is moved to the workflow queue for review and action. Alerts are generated on this screen when a:

  • TAG or TAF has been removed that is associated with a Timber Tax.

  • TAF that is associated with a Timber Tax is moved from its associated TAG to a new or different TAG.

An apportionment factor generation process produces and publishes the certified Timber Yield Tax apportionment factors to Aumentum Distribution. A Timber Yield Tax Apportionment Factor group was created for this process.

SETUP: See Levy Management, Levy Management Setup, and Timber Tax Yield Rates for any applicable prerequisites, dependencies and setup information for this task.

Steps

  1. Accept the current date default or select the Tax Year.

  2. Click Add TAF to expand the panel to include a TAF dropdown field.

  3. Select the TAF from the dropdown.

    • Click Delete TAF to remove the TAF.

  4. Click Apply.

  5. Once a TAF is selected, an arrow becomes available to the left of the panel. Click the arrow.

  6. Click Add TAG to expand the TAG panel.

  7. Select the TAG from the dropdown.

    • Click Change TAG to change it and select a different TAG.

    • Click Delete TAG to remove it.

  8. Define the Rate if not already defined or if changing it.

    • Click Copy Rate to copy the rate to another TAG.

    • Click Edit Rate to edit the rate.

  9. Click Apply.

  10. Click Calculate Factors (right panel) to perform a calculation of the defined factors and display the results in the Calculate Factors panel.

  11. Click Save.

    • Click Close to end the task.

Common Actions

None.

Related Topics

Tax Entity Maintenance Overview