A group that advises state legislatures attempted Wednesday to address lawmakers’ concerns about sales tax issues that may arise now that pennies are no longer in production.
“As states navigate the transition away from the penny, they must resolve several critical policy questions to ensure clarity and fairness,” the National Conference of State Legislatures said in the report. “The development of guidance to address strategic pricing and encourage clear rounding rules is essential, as is clear communication of new policies to both consumers and businesses.”