(1) If a total amount of less than one dollar is payable, refundable or creditable, such amount shall be disregarded. No refund will be returned by the Department for an amount less than one dollar unless the taxpayer requests a refund in writing to the Comptroller.
    (2) To the extent permitted by any corporation income tax form or instructions prescribed for use with any corporation income tax form, declaration, statement, other document, or supporting schedules, any amount required to be reported on such form shall be entered at the nearest whole dollar amount. The extent to which, and the conditions under which such whole dollar amounts shall be entered on any form will be set forth in the instructions issued with respect to such form. For the purpose of the computation to the nearest dollar, a fractional part of a dollar shall be disregarded unless it amounts to fifty cents or more, in which case the amount (determined without regard to the fractional part of a dollar) shall be increased by one dollar.
Rulemaking Authority 213.06(1), 220.51, 220.737 FS. Law Implemented Florida Statutes § 220.737. History-New 10-20-73, Amended 10-8-74, Formerly 12C-1.53(1)(v), Amended 2-27-78, 4-8-92.