Amends TCA Title 9; Title 45; Title 47, Chapter 50; Title 47, Chapter 18 and Title 67.
Tennessee SB1810 establishes requirements for businesses that engage in cash transactions with the public, mandating that if pennies are no longer in production, cash transactions must be rounded to the nearest nickel. This bill affects all entities that conduct cash transactions, including retailers and service providers. A key provision is the stipulation that rounding must occur only if the penny is no longer produced, ensuring clarity in cash handling practices.
Tennessee SB1810 establishes requirements for businesses that engage in cash transactions with the public, mandating that if pennies are no longer in production, cash transactions must be rounded to the nearest nickel. This bill affects all entities that conduct cash transactions, including retailers and service providers. A key provision is the stipulation that rounding must occur only if the penny is no longer produced, ensuring clarity in cash handling practices.
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