Statutes, codes, and regulations
Indiana Administrative Code
Title 45 - DEPARTMENT OF STATE REVENUEArticle 2.2 - SALES AND USE TAX
Rule 45 IAC 2.2-2 - State Gross Retail Tax
Section 45 IAC 2.2-2-5 - Fractions rounded to next additional cent

45 Ind. Admin. Code 2.2-2-5

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Current through December 25, 2024
Section 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) [ 45 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.

45 IAC 2.2-2-5

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