- The US Treasury stopped producing pennies in November 2025, leading to a shortage in Florida and causing dealers to round cash transactions.
- The Florida Department of Revenue instructed dealers to calculate and remit sales tax based on the original sales price, regardless of rounding.
- Dealers may round cash totals up, down, or to the nearest nickel if the consumer is informed, but must clearly disclose their rounding method with signage.
- All collected sales tax must be remitted according to law, and further changes to guidance may occur as the issue is reviewed at state and federal levels.
Source: vatabout.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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