Massachusetts Statutes
§ 4 — Computation of tax
Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title IX TAXATION·Ch. 64H TAX ON RETAIL SALES OF CERTAIN TANGIBLE PERSONAL PROPERTY
Section 4. For the purpose of adding and collecting the tax imposed by this chapter to be paid to the commonwealth or to be reimbursed to the seller by the purchaser, the tax computation shall be carried to the third decimal place and it shall be rounded to a whole cent, rounding up to the next cent whenever the third decimal place is greater than 4. A seller may elect to compute the tax due on a transaction on an item or an invoice basis.
Free access — add to your briefcase to read the full text and ask questions with AI
Massachusetts § 4 (Computation of tax) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.