KRS 367.305: Cash rounding for certain transactions.

(1) In satisfaction of debts owed in buying or selling goods or services or related to

transactions occurring in accordance with KRS Chapters 154A, 230, and 238:

(a) Rounding cash transactions to the nearest five cent ($0.05) increment may

occur:

1. When pennies are not available to complete resolution of a transaction;

and

2. On settlement of the final bill of sale, invoice, or fee after all individual

items, duties, fees, taxes, and charges are calculated to the exact cent;

and

(b) Noncash transactions shall continue to be settled to the cent without rounding.

(2) As used in this section, "the nearest five cent ($0.05) increment" means:

(a) Amounts ending in one cent ($0.01) and two cents ($0.02) are rounded down

to the nearest ten cents ($0.10);

(b) Amounts ending in three cents ($0.03) and four cents ($0.04) are rounded up

to the nearest five cents ($0.05);

(c) Amounts ending in six cents ($0.06) and seven cents ($0.07) are rounded

down to the nearest five cents ($0.05);

(d) Amounts ending in eight cents ($0.08) and nine cents ($0.09) are rounded up

to the nearest ten cents ($0.10); and

(e) Amounts ending in zero cents ($0.00) and five cents ($0.05) remain

unchanged.

(3) Notwithstanding any other statute to the contrary, any person selling goods or

services and any person making transactions in accordance with KRS Chapters

154A, 230, and 238 shall not be in violat ion of any requirements, laws,

administrative regulations, or standards of this state or political subdivision of this

state based on any action taken in compliance with this section.