RF Value Period Factor

The rate factor value period is the date range where a proratable rate factor value is effective during the calculation period.

When a rate factor value changes during the calculation period, the results is that multiple bill calculation lines are generated for the same rate component.

The ratio of the number of days within the calculation period that a distinct value is effective to the number of days in the calculation period determines the RF value period factor. When the rate factor is set up not to prorate, the RF value period factor is 1 (not applicable).

Example:

If the state tax rate changes from 6% to 6.5% on April 16 and the calculation period is April 1 to April 30, there are two rate factor value periods.

• Rate factor value period April 1 to April 15, RF value period factor = 15 days / 30 days = 0.5.

• Rate factor value period April 16 to April 30, RF value period factor = 15 days / 30 days = 0.5.