TN HB1744

Public and private entities that accept cash but lack exact change must round transaction totals to the nearest nickel: amounts ending in $0.01-$0.02 round down, $0.03-$0.04 round up, $0.06 rounds down, and $0.07-$0.09 round up

Rounding applies only to cash payments; electronic transactions and non-cash portions of mixed-tender payments remain calculated to the exact penny

Sales tax must still be calculated to the penny and remitted in exact amounts to the Department of Revenue, regardless of transaction rounding

Government entities collecting taxes, fees, or surcharges may round for customer transactions but must remit exact amounts owed to the appropriate governmental entity

Establishes that rounding cash transactions to the nearest nickel is not a deceptive trade practice if the penny is no longer in production