California SB1005 allows local agencies to round cash payments to the nearest five cents to address operational challenges due to a shortage of.
California SB1005 adds a section to the Government Code allowing local agencies to round cash payments to the nearest five cents. This applies to taxes, fees, or charges paid to the local agency, or any refund or other amount. The rounding is permitted if the local agency's governing body adopts a resolution by majority vote. The bill responds to the shortage of United States pennies, which has created operational challenges for tax collection offices and other local government agencies, leading to public frustration and slower service delivery.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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