North Dakota § 57-39.4-25 (324) Rounding

North Dakota Statutes

§ 57-39.4-25 — (324) Rounding

North Dakota § 57-39.4-25

Title 57Taxation

Ch. 57-39.4Streamlined Sales and Use Tax Agreement

This text of North Dakota § 57-39.4-25 ((324) Rounding) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 57-39.4-25 (2026).

Text

1.After December 31, 2005, each member state shall adopt a rounding algorithm that meets the following criteria:

a.Tax computation must be carried to the third decimal place; and

b.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.

2.Each state shall allow sellers to elect to compute the tax due on a transaction on an item or an invoice basis and shall allow the rounding rule to be applied to the aggregated state and local taxes. No member state shall require a seller to collect tax based on a bracket system.

Free access — add to your briefcase to read the full text and ask questions with AI

1. After December 31, 2005, each member state shall adopt a rounding algorithm that
meets the following criteria:
a. Tax computation must be carried to the third decimal place; and
b. 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.
2. Each state shall allow sellers to elect to compute the tax due on a transaction on an
item or an invoice basis and shall allow the rounding rule to be applied to the
aggregated state and local taxes. No member state shall require a seller to collect tax
based on a bracket system.