I-1 - Retail Sales Tax Act

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20.33. The tax provided for by this chapter shall be computed separately for each premium payment and any fraction of $0.01 shall be counted as $0.01.
Notwithstanding the foregoing, where a damage insurance premium is greater than $11, the person who collects the tax may round it off to the nearest dollar.
1986, c. 15, s. 23.