VA HB954

Authorizes businesses to round cash transaction totals to the nearest five cents, rounding down for amounts ending in 1, 2, 6, or 7 cents and rounding up for amounts ending in 3, 4, 8, or 9 cents

Requires all taxes and fees to be calculated on the original price before any cash rounding occurs, ensuring tax revenues are not affected by rounding

Provides legal protection for sellers complying with the rounding procedures from state or municipal violations

Permits local governments to adopt temporary rounding ordinances for taxes and charges paid in cash, expiring no later than July 1, 2027

Directs the Department of Taxation to evaluate and recommend uniform statewide rounding procedures for localities and report findings by November 1, 2026