New State Rounding Rules Coming for Cash Transactions?

Federal Government’s Penny Pinching Could Spur States to Set New Rounding Rules for Cash Sales

Retailers are pushing for national rules to allow businesses to round cash sales to the nearest nickel, as a result of the federal government’s decision to stop minting pennies. But ten states have laws prohibiting that practice. The National Conference of State Legislatures is urging states to set their own rounding rules. (PLURIBUS NEWS)

—Compiled by SNCJ Managing Editor KOREY CLARK

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