FEDERAL · 26 U.S.C. · Chapter 77
Fractional parts of a dollar
Current through Pub. L. 119-102
The Secretary may by regulations provide that in the allowance of any amount as a credit or refund, or in the collection of any amount as a deficiency or underpayment, of any tax imposed by this title, a fractional part of a dollar shall be disregarded, unless it amounts to 50 cents or more, in which case it shall be increased to 1 dollar.
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26 U.S.C. § 7504 (Fractional parts of a dollar) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
United States v. Gulf Oil Corp.
335 F. Supp. 1405 (W.D. Pennsylvania, 1972)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 896; Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
Editorial Notes
Editorial Notes
Amendments
1976—Pub. L. 94–455 struck out "or his delegate" after "Secretary".
Amendments
1976—Pub. L. 94–455 struck out "or his delegate" after "Secretary".