Computation of amount of taxes due. [Effective January 1, 2006.] In determining the amount of taxes due pursuant to this chapter:
1. The amount due must be computed to the third decimal place and rounded to a whole cent using a method that rounds up to the next cent if the numeral in the third decimal place is greater than 4.
2. A retailer may compute the amount due on a transaction on the basis of each item involved in the transaction or a single invoice for the entire transaction.
Last modified: February 27, 2006