Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


A    B    C    D    E    F    G    H    I    J    L    M    N    O    P    R    S    T    U    V    W    X   

U

570.0000 USE OF PROPERTY IN STATE AND USE TAX GENERALLY

Annotation 570.0425

(a) IN GENERAL

570.0425 Use Tax Payment to DMV—Nearest Dollar. Although there are no statutory provisions under the Sales and Use Tax Law which allow the rounding off of a purchaser's use tax liability to the nearest dollar, there is such authorization under section 4750.5(d) of the Vehicle Code. Therefore, if DMV follows the above reference statutory provisions concerning rounding off, such a procedure would be legally correct. 6/24/76.