Sellers would round some cash sale totals to five cents

A seller who rounds a cash sale must add the prices, discounts, and applicable taxes before rounding the total to the nearest five cents. It covers people in the business of selling goods or services, contracting to sell them, or arranging their sale. Totals ending in one, two, six, or seven cents round down; totals ending in three, four, eight, or nine cents round up. The rule excludes payments by electronic transfer, money order, credit card, debit card, electronic payment, or a similar method. The rule applies when a covered seller processes a cash transaction; the bill states no start date.

State and local taxes do not apply to a gain or loss caused by rounding under this section. This covers gains or losses resulting from rounding under this section. This applies to gains or losses resulting from rounding under the section; the bill states no start date.