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Monday | Sep. 8, 2008   
 
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The accurate and timely information in CorpSystem ZIPUtil Database will reduce your audit exposure and speed your processing while allowing you to invest your time in other tasks. The database includes a broad range of tax types and taxability criteria — all generated and formatted specifically for the natural gas and electric utility industries.

Tired of wasting time and paying high consulting fees to set up numerous overrides to your utilities tax data? And what about the time each month that’s required to research and maintain all of your customized taxability rules and rates? With our extensive research network, CCH has developed the most thorough transaction tax database in the utilities industry.

The extensive list of utilities services and related subcategories of tax rules covered in ZIPUtil Database gives you more options to map your services to. You’ll be able to create more accurate tax calculations and require fewer overrides, thereby reducing your audit risks while saving your tax department valuable time.

From Rates to Exemption Rules: Sales Tax Solutions for the Telecom Industry

  • Unmatched Productivity — For quick and easy research, use CorpSystem ZIPUtil Lookup to identify the specific tax types and related rates and surcharges from your desktop.
  • Accurate Tax Jurisdiction Assignment — Take the guesswork out of determining the appropriate taxing jurisdiction and applicable special tax districts for your customers with Site-US Tax.
  • Exemption Certificate Compliance — Automate the capture, organization and management of sales tax exemption and resale certificates with TEAMS Express®, a state-of-the-art exemption certificate management solution.
 

Tax data include:

  • All general retail sales and use
  • Excise
  • Franchise and privilege
  • Gross receipts
  • License
  • Utility user
  • Public utility
  • Right of way
  • Renewable energy investment charges
  • Care fund surcharges
  • Transition cost recovery charges
  • Utility inspection and supervision fees
  • System benefits charges
  • Stadium taxes

Service data include:

  • Commodity gas and electric
  • Transportation and distribution charges
  • High peak demand charges
  • Miscellaneous fees
  • Transportation and distribution charges
  • General merchandise charges
  • Basic service charges
  • Recurring and non-recurring charges
  • Scheduling fees

All data is available through the ZIP+4 level and readily cross referenced on ZIP or postal codes.

Provider types include:

  • Regulated distributor
  • Regulated supplier
  • Non-regulated supplier
  • Joint billers for commodity and distribution
  • Regulated pipeline companies

Customer types include

  • Residential
  • Commercial
  • Industrial
  • Agricultural
  • Manufacturing
  • Mobile home/residential
 

Backed by over 90 years of CCH tax and legal research, CorpSystem ZIPUtil Database represents the industry standard for sales and use tax data. With ZIPUtil Database, your company will:

  • Save Time — Easily load the flat ASCII file (comma delimited or fixed length) into any operating environment with minimal programming.
  • Get the Answers You’re Looking For — The industry’s most comprehensive taxability matrix includes product and services taxability determinations, consumer-oriented taxability and taxability by jurisdiction.
  • Simplify Your Research Process — Access detailed tax rates and taxability data set up to match the way your system works, minimizing time and effort spent searching for accurate information.
  • Expect Reduced Audit Penalties and Fines — Rely on tax information so accurate that even the IRS uses it.
 

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