Tax computation to be carried to third decimal place; rounding.

Tax computation must be carried to the third decimal place, and the tax must be rounded to a whole cent using a method that rounds up to the next cent whenever the third decimal place is greater than four. History. Ga. L. 1951, p. 360, § 22; Code 1933, § 91A-4531, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 1981, p. 1857, § 40; Ga. L. 2010, p. 662, § 8/HB 1221. JUDICIAL DECISIONS Bracket system valid when no more than 3 percent tax on fractional part of dollar. — Bracket system which does not require the payment and collection of more than the necessary amount of coinage required to pay and collect the 3 percent levied on sales of a fractional part of a dollar is not contrary to the legislative grant of authority to the commissioner. Hawes v. Phillips, 122 Ga. App. 714, 178 S.E.2d 759, 1970 Ga. App. LEXIS 1011 (1970). Bracket system illegal if overpayment results. — Bracket system which requires the payment or collection of more tax than that contemplated by the General Assembly, that is, to collect a whole cent of tax where a fractional part of a cent of tax (by mathematical calculation) is involved, would exceed the authority granted. Hawes v. Phillips, 122 Ga. App. 714, 178 S.E.2d 759, 1970 Ga. App. LEXIS 1011 (1970).