Ind. Admin. Code tit. 45, § 2.2-2-5 - Fractions Rounded to Next Additional Cent

Current as of January 1, 1970
45 Iac 2.2-2-5 - Fractions Rounded to Next Additional Cent
45 Iac 2.2-2-4 - Retail Transactions Less Than 10 Cents (repealed)Next

45 IAC 2.2-2-5 Fractions rounded to next additional cent

Authority: IC 6-8.1-3-3

Affected: IC 6-2.5

Sec. 5. If the tax, computed under Reg. 6-2.5-2-2(a)(010) 45IAC2.2−2−345 IAC 2.2-2-3, results in a fraction of one-half cent ($.005) or more, the amount of the tax shall be rounded to the next additional cent.

(Department of State Revenue; Ch. 2, Reg. 6-2.5-2-2(b)(010); filed Dec 1, 1982, 10:35 am: 6 IR 10)

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