Tennessee HB2492 establishes rules for cash transaction rounding, requiring rounding to the nearest five cents and clear itemization on receipts.
Tennessee HB2492 amends state law to mandate the Department of Finance and Administration to create rules for cash transaction rounding. These rules require rounding to the nearest five cents and prohibit practices favoring sellers. Receipts must clearly show transaction subtotals, rounding adjustments, and total prices. The act takes effect immediately upon becoming law.
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