Is there a way to include a 6.25% state tax at the lease level and carryforward when generating inv?
Illinois enacted Public Act 103‑0592, which changes how sales tax applies to the lease or rental of tangible personal property (TPP). Under this law, the lessor must collect sales tax on each lease payment instead of paying tax upfront when purchasing the equipment.
Questions:
- Can we apply a 6.25% Illinois state tax at the lease level?
- Can this be handled via the FBDI template, or must it be managed directly in the Payables module?
#lease
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