Number of Days in Calendar Year

Certain tax jurisdictions (such as Arizona before 4/1/87) base their interest calculations on calendar years of other than 365 days. By default, Instant Interest calculates daily interest based on the number of days actually in the calendar year (365 or 366). In cases where C&C Software is aware of a tax jurisdiction using a different number of days for a calendar year, Instant Interest will display this on the State Rate Display (View) Screen.