Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-3-40 - ASSESSMENT OF INCOME TAXES
Section 810-3-40-.02 - Whole Dollar Reporting

Universal Citation: AL Admin Code R 810-3-40-.02

Current through Register Vol. 42, No. 11, August 30, 2024

(1) Whole Dollar Reporting Mandatory. Effective December 31, 1998, all tax forms, declarations, statements or other documents submitted to the Individual and Corporate Tax Division shall be completed using whole dollar amounts only.

(2) Rounding to Nearest Whole Dollar Amount. Amounts of 49 cents or less shall be rounded down to the nearest whole dollar amount. Amounts of 50 to 99 cents shall be rounded up to the nearest whole dollar amount.

Authors: Judy A. Robbins

Statutory Authority: Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-18-40.

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