Fractional parts of a cent

  1. Law
  2. USC 26
  3. Internal Revenue Code
  4. Procedure and Administration
  5. COLLECTION
  6. Receipt of Payment
  7. Fractional parts of a cent

Checkout our iOS App for a better way to browser and research.

§6313. Fractional parts of a cent

In the payment of any tax imposed by this title, a fractional part of a cent shall be disregarded unless it amounts to one-half cent or more, in which case it shall be increased to 1 cent.

(Aug. 16, 1954, ch. 736, 68A Stat. 778 ; Pub. L. 94–455, title XIX, §1906(a)(19), Oct. 4, 1976, 90 Stat. 1825 .)

Amendments

1976-Pub. L. 94–455 struck out "not payable by stamp" after "title".


Download our app to see the most-to-date content.