{"data":{"id":"us-ky/krs-139.230","jurisdiction":"us-ky","citation":"KRS 139.230","heading":"Elimination of fractions of a cent.","body":"To eliminate fractions of one cent ($0.01), and to ensure that the aggregate collections of\ntaxes by a retailer, so far as may be practicable, shall be equal to six percent (6%) of gross\nreceipts or sales price, as the case may be, the tax shall be compute d by applying the six\npercent (6%) rate to the sales price carried to the third decimal place and rounded to the\nnearest cent by eliminating any fraction less than one -half of one cent ($0.005) and\nincreasing any fraction of one-half of one cent ($0.005) or over to the next higher cent.","path":["KRS Chapter 139"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28865","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:31Z","sha256":"3bab9f7d63b235e242970f8e046950f9984976d757dac0afa72b0bbc816313c2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-139.220","next":"us-ky/krs-139.240"},"notice":"GroundRules: Original legal text. Not legal advice."}