A newly signed bill will permit Missouri vendors to round cash transactions to the nearest nickel following the U.S. Mint’s decision to halt penny production. House Bill 2819 accelerates the transition away from the one-cent coin for physical purchases, even though the billions of pennies already in circulation remain legal tender. These new rounding rules…
A newly signed bill will permit Missouri vendors to round cash transactions to the nearest nickel following the U.S. Mint’s decision to halt penny production. House Bill 2819 accelerates the transition away from the one-cent coin for physical purchases, even though the billions of pennies already in circulation remain legal tender. These new rounding rules apply strictly to cash sales and will not affect the exact pricing of electronic, credit, or debit card payments.