TN SB1810

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, $0.05-$0.06 round down, and $0.07-$0.09 round up

Rounding does not apply to electronic transactions; for mixed-tender payments, only the cash portion is subject to rounding

Sales tax must still be calculated to the penny and remitted exactly to the Department of Revenue, regardless of rounding applied to customer transactions

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

Adds rounding cash transactions to the nearest nickel as a permissible practice under consumer protection law if the penny is no longer in production