Sec. 12-39z. Rounding of dollar amounts in returns, statements or other documents.
Sec. 12-39z. Rounding of dollar amounts in returns, statements or other documents. (a) The Commissioner of Revenue Services may require, with respect to any
amount required to be shown on a form prescribed for any return, statement or other
document required to be filed with the commissioner under authority of any provision
of the general statutes, that if such amount of such item is other than a whole-dollar
amount, either (1) the fractional part of a dollar shall be disregarded; or (2) the fractional
part of a dollar shall be disregarded unless it amounts to one-half dollar or more, in
which case the amount, determined without regard to the fractional part of a dollar, shall
be increased by one dollar.
(b) The provisions of subsection (a) of this section shall not be applicable to items
which are required to be taken into account in making the computations necessary to
determine the amount required to be shown on a form, but shall be applicable only to
such final amount.
(P.A. 03-107, S. 6.)
History: P.A. 03-107 effective June 18, 2003, and applicable to tax returns first required to be filed with the Commissioner of Revenue Services on or after January 1, 2004.