An Act relating to rounding cash transactions to the nearest five cents.
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill would establish a standard for rounding cash transactions in Alaska. Businesses would be required to round cash sales to the nearest five cents, following specific rules for rounding up or down based on the last digit of the total. The bill excludes electronic payments and does not affect taxes on the resulting rounded amounts. This aims to standardize how cash transactions are handled across the state.
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