MO HB2819

Vendors may round the total amount due on cash transactions only to the nearest five cents (totals ending in $0.01, $0.02, $0.06, or $0.07 round down; totals ending in $0.03, $0.04, $0.08, or $0.09 round up)

Rounding applies only to the final transaction total after all items, discounts, and taxes have been calculated

Transactions paid by credit, debit, or other noncash methods are excluded from rounding; the full tax amount per tax brackets must still be remitted to the Department of Revenue regardless of payment method

Vendors acting in good faith compliance with the rounding provision are protected from violation of state or local requirements, laws, regulations, or standards

Amends Section 144.285, RSMo, which governs sales tax collection brackets and rounding procedures