This taxing procedure is, to the best of our knowledge, acceptable with the various taxing authorities in our areas. It is your responsibility to confirm these procedures either with your tax attorney and/or with the local tax authorities.
CFN cannot be held liable for any omissions or inaccuracies in this procedure. You, as the participant, must carry the responsibility. Each participant will also indemnify, defend and hold CFN harmless of any claim.
All states (with the exception of Florida, Indiana, and California) impose a sales tax that has the same rate statewide. The sales tax is calculated by multiplying the percentage tax by the sum of:
OPIS + haul + fee + federal excise tax + federal environmental tax + state excise tax + county excise tax (if any) + city excise tax (if any) + state environmental tax.
Note: that the OPIS + haul + fee is sometimes referred to as the Base Price. Also, Note: that the Superfund is, by convention, a component of the Federal Excise Tax.