Utah Admin. Code R865-20T-15 - Calculation of Tax on Alternative Nicotine Products Pursuant to Utah Code Ann. Section 59-14-804
(1)
(a) The tax on an alternative nicotine
product shall be calculated by multiplying the net weight as listed by the
manufacturer, in ounces, of the alternative nicotine product by the tax rate
for alternative nicotine products required under Section 59-14-804.
(b) If the net weight includes a fractional
part of an ounce, that fractional part of an ounce shall be included in the
calculation.
(2) The
calculation described in Subsection (1) shall be carried to three decimal
places and rounded up to the nearest cent whenever the third decimal place of
the calculation in Subsection (1) is greater than 4.
Notes
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