{"data":{"id":"us-ky/krs-65.035","jurisdiction":"us-ky","citation":"KRS 65.035","heading":"Cash rounding for payments to cities, counties, and local government","body":"entities.\n(1) In satisfaction of debts owed to cities, counties, and local government entities:\n(a) Rounding cash transactions to the nearest five cent ($0.05) increment shal l\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 shall not be in violation of any requirements, laws, administrative\nregulations, or standards of this state or political subdivision of this state based on\nany action taken in compliance with this section.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57917","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:20Z","sha256":"673e81d8bd271fbb00aa15cfb94626c6deaf5e6910096d31626672dd4cf7b763","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.032","next":"us-ky/krs-65.037"},"notice":"GroundRules: Original legal text. Not legal advice."}