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Indiana Code — Title 6 (Taxation)

IC 6-8.1-6-4.5

Rounding to nearest whole dollar

Official textiga.in.govlast amended

Sec. 4.5. 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.
As added by P.L.119-1998, SEC.17. Amended by P.L.182-2009(ss), SEC.252.

Amendment history

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

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Nearby sections (25 sections)
  1. 6-8.1-5-1 · Proposed assessment; notice; protest; hearing; letter of
  2. 6-8.1-5-1.5 · Secondary review; procedures; agreement
  3. 6-8.1-5-2 · Time limits on issuing proposed assessment; erroneous…
  4. 6-8.1-5-2.5 · Correcting assessment notice; responsible party; exemption
  5. 6-8.1-5-3 · Jeopardy assessment; jeopardy tax warrant; levy and sale;
  6. 6-8.1-5-4 · Books and records; federal returns; inspection
  7. 6-8.1-5-5 · Information to be provided by person conducting or
  8. 6-8.1-5-6 · Motor carrier fuel tax and surcharge tax; records or…
  9. 6-8.1-6-1 · Due date extensions; requirements; tax payments; penalties
  10. 6-8.1-6-2 · Repealed
  11. 6-8.1-6-3 · Date of filing
  12. 6-8.1-6-4 · Certification of returns and forms
  13. 6-8.1-6-4.5 · Rounding to nearest whole dollar
  14. 6-8.1-6-5 · Taxpayer return; itemization of income derived from sources
  15. 6-8.1-6-6 · Repealed
  16. 6-8.1-6-7 · Electronic filing of returns or documents; rules
  17. 6-8.1-6-8 · Information concerning municipal taxpayers
  18. 6-8.1-6-9 · Requirement for income tax return form to include
  19. 6-8.1-7-1 · Confidentiality of tax information; court orders; persons
  20. 6-8.1-7-1.5 · Disclosure of tax return information; scope of disclosure
  21. 6-8.1-7-2 · Statistical studies derived from tax returns; disclosure of
  22. 6-8.1-7-3 · Violation; offense
  23. 6-8.1-8-1 · Form of payment; receipt
  24. 6-8.1-8-1.5 · Partial payment of tax
  25. 6-8.1-8-1.7 · Required periodic payments by electronic funds transfer
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