California § 18623 - The Franchise Tax Board is authorized to provide, with respect to any amount requ
Full text of California Public Contract Code - PCC § 18623 — The Franchise Tax Board is authorized to provide, with respect to any amount requ, with citation guidance and answers to common questions.
§ 18623. The Franchise Tax Board is authorized to provide, with respect to any amount requ
(a) The Franchise Tax Board is authorized to provide, with respect to any amount required to be shown on any return, form, statement, or other document required to be filed with the Franchise Tax Board, that if the amount of the item is other than a whole dollar amount, either of the following shall apply: (1) The fractional part of a dollar shall be disregarded. (2) The fractional part of a dollar shall be disregarded unless it amounts to one-half dollar ($0.50) or more, in which case the amount (determined without regard to the fractional part of a dollar) shall be increased by one dollar ($1). (b) Any person making a return, statement, or other document shall be allowed, under regulations prescribed by the Franchise Tax Board, to make the return, statement, or other document without regard to subdivision (a). (c) Subdivisions (a) and (b) shall not be applicable to items which must be taken into account in making the computations necessary to determine the amount required to be shown on a form, but shall be applicable only to the final amount.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18623
What does Public Contract Code - PCC § 18623 cover?
Section 18623 ("The Franchise Tax Board is authorized to provide, with respect to any amount requ") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 18623?
A common citation format is "Public Contract Code - PCC § 18623" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 18623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.