Florida Dealers Must Calculate Sales Tax on Actual Price Despite Penny Shortage and Cash Rounding

• Dealers in Florida must continue to calculate sales tax based on the actual sales price, even after the end of penny production.
• Rounding of cash transactions is allowed due to the penny shortage, but only for the total amount due, not the sales tax calculation.
• Dealers can round the total amount due to the next lowest, highest, or nearest nickel, provided they notify customers.
• The chosen rounding method must be clearly disclosed to customers through signage.

Source: vitallaw.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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