Need To Calculate Tax For Threshold Limit of Florida Local Tax for Tangible Personal Property (Doc ID 1951600.1)

Last updated on DECEMBER 09, 2014

Applies to:

Oracle E-Business Tax - Version 12.2.4 and later
Information in this document applies to any platform.

Symptoms

You need the ability to calculate tax for the Threshold Limit of Florida Local Tax for Tangible Personal Property

There is a requirement as below:
Calculate Florida COUNTY level tax only up to the capped amount of $5000.
Beyond that, no tax will be calculated.  Only STATE tax will be applicable.

There isn't any option to create a Rule to change the Standard Taxable Basis to meet the above stated requirement.

Cause

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