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Samson
USA
5 Posts |
 Posted - 04/15/2004 : 18:17:02
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Ruh Roh,
I posted this in the flood topic but really would like to know about it outside the flood issue.
Being new and from Texas, I can only speak as to Texas tax. There is a retail sales tax the contractor must charge the customer on Commercial Roofing that is NOT owed on a residential roof (and it extends to labor AND materials). It would sure be easier if the tax were added on a separate line item for each material and labor category in those cases.
Example: tear off on a commercial roof is taxable to the building owner where it is not on a residence. Percentages vary from municipality to municipality. I've not yet been certified to handle flood claims.
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Samson |
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sbeau4014
USA
53 Posts |
Posted - 04/15/2004 : 22:18:55
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| Samson, in reference to your statement about the Texas sales tax, what you are talking about may not apply in "catastrophe" situations, ie when the gov or president declares an area a disaster area. It is in the tax code somewhere, but been a few yrs since I've researched it. |
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Reconstruction Man
124 Posts |
Posted - 04/16/2004 : 11:31:46
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-JimF,
The connection is apparent. Refer to fivedaily's reply.
-fivedaily sez,
"The topic is on the NFIP's use of sales tax and how it is applied on the estimate. I think, despite my shock, that Reconman might have a valid, on topic post. If he degenerates into his usual rantings though about conspiracies and bad faith, I'll step in. For now though I think he is onpoint close enough to count."
--None of our posting's "rant" about "conspiracies". A few posting's touch on the insurer premium-to-insurer profit pipeline and the ecomomic possibilities behind (certain)
premium rate hikes / insurers claim settlement
business schemes.
Our postings have stated our discovery of (certain) insurers contradictory construction business estimating practices and subsequent claim settlement / underpayment issues, and their denial of those issues, especially in CAT loss scenarios. Surely TDI is not "Ranting" about improper insurer claim settlement [tax withholding] conduct in their B-0045-98 TDI bulletin.
Premium values returned in claim dollars, [ie; tax dollar issues] are a small part of consumer indemnification issues we, and intrinsically, CADO professionals, are bringing to the public's view.
http://www.tdi.state.tx.us/commish/bulletins/b-0045-8.html
And didn't Roy specifically state for everyone to keep their posting replies "professional" [dignified, respectful of others, etc.]?
In our opinion-Verbal slurs to us, in effect, slurs TDI rulings and policyholders rights...
We will, obvious, speak up for ourselves if inappropriate remarks are made towards consumers, TDI or ourselves.
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Ghostbuster
476 Posts |
Posted - 04/16/2004 : 12:59:54
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| Roy, he's baiting us again. It's unprofessional, it's not germane to our area of interest, is it not time to flush this guy? |
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Todd Summers
USA
99 Posts |
Posted - 04/16/2004 : 13:51:31
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| Ghost, just ignore him. |
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NFIP - Show Tax On Line Items on Estimates
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