Ind. Code § 6-8.1-6-4.5

Current through P.L. 171-2024

Section 6-8.1-6-4.5 - Rounding to nearest whole dollar

A taxpayer that is required under IC 6-3-4-1 to file a return shall round to the nearest whole dollar an amount or item reported on the return. The following apply if an amount or item is rounded:

(1) An amount or item of at least fifty cents ($0.50) must be rounded up to the nearest whole dollar.

(2) An amount or item of less than fifty cents ($0.50) must be rounded down to the nearest whole dollar.

IC 6-8.1-6-4.5

As added by P.L. 119-1998, SEC.17. Amended by P.L. 182-2009 (ss), SEC.252.