Indiana Lawmakers Pass Penny Phase-Out Bill
Indianapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Indiana lawmakers unanimously pass a bill to address the end of the penny, allowing retailers to round cash purchases to the nearest nickel or dime. The measure aims to save the U.S. Treasury $56 million annually but raises concerns about potential losses for retailers and customer annoyance. Pennies remain legal tender, and the state may lose significant sales tax revenue.
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