The rate info page contains the obligation's rate and information needed by the rate to calculate the obligation's bill segments. This information is only displayed if the obligation's obligation type allows a rate. Generally speaking, rates are utilized by bill based taxes. These include real property taxes in which certain rates are needed for calculations of bill amounts. The local authority that create how and what property is assessed and billed usually supply these rates.
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Description of Page
The Rate grid controls the rate used to calculate the obligation's bill segments. Multiple rows will only exist if the obligation's Rate changes over time.
An obligation's Rate is populated by the system. The obligation type's default rate is populated on the obligation.
Billing selects a single rate from the Rate grid when it calculates a bill segment for the obligation. If multiple rates are defined in this grid, the rate is selected based on the obligation's obligation type's Rate Selection Date. The following fields display:
Effective Date is the date the rate becomes effective. The obligation's start date defaults.
Rate Schedule defines the rate used to calculate the obligation's bill segments. Note, you can only choose rates defined as permissible on the obligation's obligation type; the permissible rates are shown in the adjacent tree.
The Contract Rider grid contains the contract riders that are in effect for the obligation. This information is defaulted when service is started using a start option (using the contract rider information defined on the start option). You should only have to access this section if you need to fine-tune what the system defaults.
Billing uses this information when it calculates a bill segment for the obligation if:
The rate used to calculate the bill segment contains a rate component that references a rate factor.
The referenced rate factor requires a contract rider to levy the associated charge.
If a Contract Rider does not exist or is not effective, the charge associated with the rate component is not applied to the taxpayer's bill.
To modify a contract rider linked to the obligation, simply move to a field and change its value. To remove a contract rider, click the - button. To add a new contract rider, click the + button and fill in the information for each field. The following fields display:
Use Start Date to define the date on which the contract rider becomes effective. The obligation's start date defaults.
Use End Date to define the date on which the contract rider expires. This field need only be specified if the contract rider expires on an explicit date.
Use Rate Factor to define the type of rider. You may only reference Rate Factors designated as being applicable for contract riders. Note, the Rate Factors linked to the rate that are marked with contract rider applicability are shown in the adjacent tree under the Contract Rider node.
For more information about contract riders, refer to Defining General Rate Factor Information.
The Contract Values grid contains the contract values that are in effect for the obligation. This information is defaulted when service is started using the contract value information defined on the start option used to start service (if any). You should only have to access this page if you need to fine-tune what the system defaults.
Billing uses this information when it calculates a bill segment for the obligation if:
The rate used to calculate the bill segment contains a rate component that references a rate factor.
The referenced rate factor uses a contract value to define the amount charged.
The following fields display:
Use Start Date to define the date on which the contract value becomes effective. The obligation's start date defaults.
Use End Date to define the date on which the contract value expires. This field need only be specified if the value rider expires on an explicit date.
Use Rate Factor to define the type of value. You may only reference Rate Factors designated as allowing values in contract terms. Note, the Rate Factors linked to the rate that are marked as allowing values in contract terms are shown in the adjacent tree under the Contract Value node.
Use Value to define contract value.
For more information about contract values, refer to Defining General Rate Factor Information.
The Tax Exemptions section contains the taxes from which the obligation is all or partially exempt.
Billing uses this information when it calculates a bill segment for the obligation if:
The rate used to calculate the bill segment contains a rate component that references a rate factor.
The referenced rate factor can have tax exemptions that limit the amount of the charge.
If the rate factor doesn't have a tax exemption or there are none that are effective during the bill period, the tax is levied in full. If the obligation is exempt, the appropriate charge associated with the tax is calculated. We strongly recommend using the "%T" substitution character in the Description on Bill on tax-exemptible rate components so that an appropriate tax exemption message appears on the taxpayer's bill.
For more information about tax exemptions, refer to Defining General Rate Factor Information.
The following fields display:
Use Start Date to define the date on which the tax exemption becomes effective.
Use End Date to define the date on which the tax exemption expires.
Use Rate Factor to define the tax from which the obligation is exempt. You may only reference rate factors designated as being tax exemptible. Note, the Rate Factors linked to the rate that are marked as tax exemptible are shown in the adjacent tree under the Tax Exemption node.
Use Percent Exempt to define the taxpayer tax exemption percent (e.g., 90 means the taxpayer is 90% exempt and will only pay 10% of the normal tax rate).
Use Tax Exempt Type to specify the type of exemption.
Use Tax Certification if the taxpayer has a tax exemption certificate.
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