Mich. Comp. Laws § 205.107

Current through Public Act 171 of the 2024 Legislative Session
Section 205.107 - Computation of tax amount; rounding up to whole cent

Beginning not later than January 1, 2006, in determining the amount of the tax under this act, the seller shall compute the tax to the third decimal place and round up to a whole cent when the third decimal place is greater than 4 or round down to a whole cent when the third decimal place is 4 or less.

MCL 205.107

Added by 2004, Act 172, s 24, eff. 9/1/2004.