Tax Transparency and Print Fiscal Note (R76560B)
In compliance with the Consumer Protection Code regulations, the fiscal notes printed for final consumers must include:
The approximate total amount of federal, state, and municipal taxes levied for each good or service sold, showing on each line in the detail section
The approximate total amount of taxes for all items and services sold, detailed in the footer
The information for each item sold listed in the detail area includes:
The taxable basis amount
The applicable rate, which is the taxable basis multiplied by a rate. Depending on the Item Origin the calculation uses the National Rate or the Import Rate that are stored in the IBPT and IPI Tax Revisions program (P76B18).
The approximate total of taxes.
The source of the tax information.