A taxpayer that is required under IC 6-3-4-1 to file a return shall round to the nearest whole dollar an amount or item reported on the return. The following apply if an amount or item is rounded:

1. (1) An amount or item of at least fifty cents ($0.50) must be rounded up to the nearest whole dollar.
2. (2) An amount or item of less than fifty cents ($0.50) must be rounded down to the nearest whole dollar.

As added by P.L.119-1998, SEC.17. Amended by P.L.182-2009(ss), SEC.252.