{"data":{"id":"us-ky/krs-367.305","jurisdiction":"us-ky","citation":"KRS 367.305","heading":"Cash rounding for certain transactions.","body":"(1) In satisfaction of debts owed in buying or selling goods or services or related to\ntransactions occurring in accordance with KRS Chapters 154A, 230, and 238:\n(a) Rounding cash transactions to the nearest five cent ($0.05) increment may\noccur:\n1. When pennies are not available to complete resolution of a transaction;\nand\n2. On settlement of the final bill of sale, invoice, or fee after all individual\nitems, duties, fees, taxes, and charges are calculated to the exact cent;\nand\n(b) Noncash transactions shall continue to be settled to the cent without rounding.\n(2) As used in this section, \"the nearest five cent ($0.05) increment\" means:\n(a) Amounts ending in one cent ($0.01) and two cents ($0.02) are rounded down\nto the nearest ten cents ($0.10);\n(b) Amounts ending in three cents ($0.03) and four cents ($0.04) are rounded up\nto the nearest five cents ($0.05);\n(c) Amounts ending in six cents ($0.06) and seven cents ($0.07) are rounded\ndown to the nearest five cents ($0.05);\n(d) Amounts ending in eight cents ($0.08) and nine cents ($0.09) are rounded up\nto the nearest ten cents ($0.10); and\n(e) Amounts ending in zero  cents ($0.00) and five cents ($0.05) remain\nunchanged.\n(3) Notwithstanding any other statute to the contrary, any person selling goods or\nservices and any person making transactions in accordance with KRS Chapters\n154A, 230, and 238 shall not be in violat ion of any requirements, laws,\nadministrative regulations, or standards of this state or political subdivision of this\nstate based on any action taken in compliance with this section.","path":["KRS Chapter 367"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57920","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:03Z","sha256":"0d26eb56df514ad8e4d1b493252fe7259104baedbe2d25e197940ef8a179c053","source_id":"us-ky","stale":false,"prev":"us-ky/krs-367.300","next":"us-ky/krs-367.310"},"notice":"GroundRules: Original legal text. Not legal advice."}