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INFO 5 Post 7.1 Update Cumulative PTF

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Effective July 15, 2002, the Tennessee General Fund Tax law requires that any line items (excluding labor and flat-rated parts) between a minimum and a maximum amount be charged a specific tax rate. In other words, any single item (excluding labor and flat-rated parts) that is at least the minimum amount will be charged the tax rate up to the maximum amount.

If you have Tennessee tax records (i.e., tax records with a State Abbr code of TN), Karmak strongly recommends that you load this PTF as soon as possible. If you have already loaded Release 7.1, the PTF CD will be shipped to you automatically, along with the PTF installation instructions. If you have not loaded Release 7.1 or have not received the 7.1 Update Manual along with the 7.1 CD order form, you can contact Karmak at 1-800-865-8991 to request these materials. Please note that you must be on Release 7.1 before you can load this PTF. Additionally, you must be on Release 7.0B before you can load Release 7.1.

Questions regarding upgrading your INFO 5 release level, the Post 7.1 Update Cumulative PTF, or the Tennessee General Fund Tax law can be directed to INFO 5 Application Support at 1-800-865-8991.

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