A bill for an act relating to rounding the amount of cents for cash transactions and payments.
Amendment H-8463 filed. H.J. 1086.
Summary
The bill lets sellers, cash payers, and employers round the cents on cash transactions to the nearest multiple of five. Rounding down is permitted when the cent digit ends in 1, 2, 6, or 7; rounding up is permitted when it ends in 3, 4, 8, or 9, and amounts of one or two cents must be rounded up to five cents. Payments made by check, credit card, electronic transfer or similar non‑cash methods are excluded.
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