Bill > HB1112

This bill allows merchants in Georgia to round the total price of goods and services when customers pay with "legal tender," which means U.S. coins and currency, for in-person, face-to-face sales. Specifically, if the final total ends in one, two, six, or seven cents, it will be rounded down to the nearest five cents, and if it ends in three, four, eight, or nine cents, it will be rounded up to the nearest five cents. This rounding will not affect the sales price for tax purposes, and merchants are protected from penalties or violations for complying with this rounding rule. However, this rounding does not apply to transactions totaling one or two cents (which will be rounded up to five cents), or to payments made by methods other than cash, such as credit cards or electronic transfers, unless cash is given back to the customer. The bill also clarifies that any gains or losses from this rounding are not subject to state or local taxes, and it repeals any conflicting laws.

Business and Industry

https://www.legis.ga.gov/legislation/72636