MO SB1620

Vendors may round cash transaction totals to the nearest five cents, with totals ending in $0.01, $0.02, $0.06, or $0.07 rounded down and totals ending in $0.03, $0.04, $0.08, or $0.09 rounded up

Rounding applies only to cash payments and must be calculated on the final transaction total after all items, discounts, and taxes are included

Credit, debit, and other non-cash payment methods are excluded from the rounding provision and must be charged the exact amount

Vendors must still remit the full applicable sales tax amount to the Department of Revenue regardless of any rounding applied to customer payments

Amends Section 144.285, RSMo, governing sales tax collection brackets and calculation methods