§ 70.62. Fractional parts of a cent.
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/us/cfr/t27/s§ 70.62·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the payment of any tax, a fractional part of a cent shall be disregarded unless it amounts to one-half cent or more, in which case it shall be increased to one cent. Fractional parts of a cent shall not be disregarded in the computation of taxes. (26 U.S.C. 6313) \[T.D. ATF-251, 52 FR 19314, May 22, 1987. Redesignated by T.D. ATF-301, 55 FR 47606, Nov. 14, 1990\]
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§ 70.62
Fractional parts of a cent.
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