§ 7504. — Fractional parts of a dollar.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 26USC7504]
TITLE 26--INTERNAL REVENUE CODE
Subtitle F--Procedure and Administration
CHAPTER 77--MISCELLANEOUS PROVISIONS
Sec. 7504. Fractional parts of a dollar
The Secretary may by regulations provide that in the allowance of
any amount as a credit or refund, or in the collection of any amount as
a deficiency or underpayment, of any tax imposed by this title, a
fractional part of a dollar shall be disregarded, unless it amounts to
50 cents or more, in which case it shall be increased to 1 dollar.
(Aug. 16, 1954, ch. 736, 68A Stat. 896; Pub. L. 94-455, title XIX,
Sec. 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
Amendments
1976--Pub. L. 94-455 struck out ``or his delegate'' after
``Secretary''.
Section Referred to in Other Sections
This section is referred to in section 6420 of this title.
