Rounding to nearest whole dollar
Sec. 4.5. A taxpayer that is required under IC 6-3-4-1 to file a
return may 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.
Last modified: May 28, 2006