A person may, and if required by the tax commissioner shall, round to the nearest whole dollar all amounts the person is required to enter on any return, report, voucher, or other document. Any fractional part of a dollar that equals or exceeds fifty cents shall be rounded to the next whole dollar, and any fractional part of a dollar that is less than fifty cents shall be dropped. If a person chooses or is required to round amounts entered on the document, the person shall round all amounts entered.
Ohio Rev. Code Ann. § 5703.055
Rounding fractional parts of dollar
Applied in 1 court decision — leading case Volbers-Klarich v. Middletown Management, Inc. (2010)
Most recently applied in Volbers-Klarich v. Middletown Management, Inc. (May 2010)
Effective: September 29, 2000; Latest Legislation: House Bill 612 - 123rd General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.