Asset Management Tax Table
The Tax Table file stores optional tax credit table records that asset books use for calculating tax credits. A tax table record defines tax credit percentages and annual tax credit recapture percentages for up to twenty years.
REFERENCED BY
| AM03.1 |
| FIELD NAME | DESCRIPTION/VALID VALUES | UPDATED BY | ||
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| ATT-TC-TABLE Element: Tax Credit Table | Alpha 10 A user-defined tax credit table, which defines tax credit percentages and annual tax credit recapture percentages for up to twenty years. Asset books use tax credit tables to calculate tax credits. |
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| ATT-DESCRIPTION Tax Credit Table Description | Alpha 30 (Lower Case) The description of the tax credit table. |
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| ATT-QUALIFY-PCT Qualifying Percentage | Signed 5.2 The qualifying percentage defined for the tax credit table. This value identifies the percentage of an asset's depreciable basis that qualifies for a tax credit. |
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| ATT-TC-PERCENT Tax Credit Percentage | Signed 5.2 The tax credit percentage defined for the tax credit table. This value is applied to the qualifying percent to calculate the tax credit. |
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| ATT-BASIS-RED-PCT Basis Reduction Percentage | Signed 5.2 The basis reduction percentage defined for the tax credit table. This value is used to calculate an asset's depreciable basis. |
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| ATT-RECOVERY-PCT Element: Recapture Percentage | Signed 5.2 Occurs 20 Times Each occurrence of this field identifies the percentage of the tax credit to recapture if an asset is disposed of before its service life is expired. |
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| NAME | KEY FIELDS | DESCRIPTION / SUBSET CONDITION | USED IN | ||||||
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| ATTSET1 |
TC-TABLE |
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