27 CFR 70.62 - Fractional parts of a cent.

§ 70.62 Fractional parts of a cent.
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.
[T.D. ATF-251, 52 FR 19314, May 22, 1987. Redesignated by T.D. ATF-301, 55 FR 47606, Nov. 14, 1990]

Title 27 published on 2013-04-01

no entries appear in the Federal Register after this date.

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