Fractional Portion Sample Clauses

Fractional Portion. When the Sales Price involves a fraction of a dollar, the non-property tax shall be collected on that fractional portion of the price adding thereto the tax based upon the following bracket system: Rental Vehicle and Hotel-Motel Occupancy Taxes (3%) $.01 to $.24 $0.00 .25 to .49 0.01 .50 to .74 0.02 .75 to .99 0.03 (Each whole dollar $0.03) Liquor By-The-Drink Tax (2%) $.01 to $.33 $0.00 .34 to .66 0.01 .67 to .99 0.02 (Each whole dollar $0.02) Restaurant Food Tax (1%) $.01 to $.49 $0.00 (Each whole dollar $0.01) The retailer shall calculate the tax upon the entire amount of purchases of the consumer made at a particular time subject to this ordinance, and not separately upon each item purchased.
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Related to Fractional Portion

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