KRS 139.230 — Elimination of fractions of a cent

To eliminate fractions of one cent ($0.01), and to ensure that the aggregate collections of
taxes by a retailer, so far as may be practicable, shall be equal to six percent (6%) of gross
receipts or sales price, as the case may be, the tax shall be compute d by applying the six
percent (6%) rate to the sales price carried to the third decimal place and rounded to the
nearest cent by eliminating any fraction less than one -half of one cent ($0.005) and
increasing any fraction of one-half of one cent ($0.005) or over to the next higher cent.