Sec. 17. 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.
Mich. Comp. Laws § 205.107
Computation of tax amount; rounding up to whole cent
Known as the Use Tax Act
The act spans §§ 205.100 to 205.99a (63 sections).
Add. 2004, Act 172, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.