The latest release to Autosoft Sales and F&I includes updates to tax calculations for several states.
Setup Tax updates added for several states
Benefit: Updated tax calculations ensure the accuracy of the taxing on deals and limit the amount of manual editing required when working a deal.
Details: Tax calculations have been updated for the states listed below. Please review the information to understand how your dealership may be affected by these changes if you do business in the affected states.
Illinois vehicle lease tax has been adjusted for the new tax reimbursement laws.
Texas vehicle lease tax has been adjusted to ensure that taxable options due at inception are not taxed twice.
Wisconsin vehicle lease tax for Chase(Subaru) has been adjusted to correct rounding issues.