What does the phrase “fractional part thereof” mean?
Section 12-21-1850 states any person offering soft drinks for sale in a sealed container shall pay the license tax at the rate of one cent for each twelve ounces or fractional part thereof. In calculating the tax rate for soft drinks a conversion factor is used. The conversion factor is defined by the number of cases of a particular case size that would equal one gross of one cent tax value or $1.44. The first part of that equation is the unit size of the soft drink (number of ounces) divided by 12. At this part of the equation, the number of ounces of the container divided by 12 must be rounded to the next whole number. Example: 16 ounce bottle divided by 12 = 1.333. Any fraction thereof is rounded to the next whole number which is 2. A list of conversion factors can be found on the soft drink tax monthly return – Form L-2028.
