FEDERAL · 26 U.S.C. · Chapter 77
Fractional parts of a dollar
26 U.S.C. § 7504
Title26 — Internal Revenue Code
Chapter77 — MISCELLANEOUS PROVISIONS
This text of 26 U.S.C. § 7504 (Fractional parts of a dollar) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 7504.
Text
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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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".
Cite This Page — Counsel Stack
Bluebook (online)
26 U.S.C. § 7504, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/7504.