KRS 65.035: Cash rounding for payments to cities, counties, and local government

entities.

(1) In satisfaction of debts owed to cities, counties, and local government entities:

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

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 shall not be in violation 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.