Tax Computation to Be Carried to Third Decimal Place; Rounding

1. Law
2. Georgia Code
3. Revenue and Taxation
4. Sales and Use Taxes
5. State Sales and Use Tax
6. Imposition, Rate, Collection, and Assessment
7. Tax Computation to Be Carried to Third Decimal Place; Rounding

Tax computation must be carried to the third decimal place, and the tax must be rounded to a whole cent using a method that rounds up to the next cent whenever the third decimal place is greater than four.

(Ga. L. 1951, p. 360, § 22; Code 1933, § 91A-4531, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 1981, p. 1857, § 40; Ga. L. 2010, p. 662, § 8/HB 1221.)

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