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Committee reviews cash-transaction rounding language in S327; counsel limits provision to cash and clarifies notice requirements
Summary
Legislative counsel proposed edits to a cash-transaction rounding section in S327 that limit the provision to cash transactions, replace 'person or business' with 'person' (1 V.S.A. §128 covers entities including the state), and restore a model-notice and clear point-of-sale notice requirement; members debated notice location and future flexibility.
Ways & Means reviewed amendments to S327 concerning a cash-transaction rounding provision (nicknamed the 'penny' or 'nickel' rounding amendment). Office of Legislative Counsel staff explained the edits remove redundant language, rely on the statutory definition of "person" in 1 V.S.A. §128 (which includes natural persons, corporations and the…
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