Allows rounding of cash sales to the nearest five cents to avoid fractions of pennies.

The bill modifies cash transaction rounding rules in Missouri. It allows vendors to round the total amount of a cash sale to the nearest five cents to avoid fractions of pennies. This rounding applies only to cash transactions and not to credit, debit, or other noncash payments. The rounding must be applied to the final total after all items, discounts, and taxes have been calculated. The bill also specifies that certain amounts may be rounded down or up to the nearest five cents. This change aims to simplify transactions without altering the tax reporting or remittance requirements.

Allows rounding of cash sales to the nearest five cents to avoid fractions of pennies.

The bill modifies cash transaction rounding rules in Missouri. It allows vendors to round the total amount of a cash sale to the nearest five cents to avoid fractions of pennies. This rounding applies only to cash transactions and not to credit, debit, or other noncash payments. The rounding must be applied to the final total after all items, discounts, and taxes have been calculated. The bill also specifies that certain amounts may be rounded down or up to the nearest five cents. This change aims to simplify transactions without altering the tax reporting or remittance requirements.