Requires a collecting officer of taxes to accept payments of tax, including any interest due thereon, rounded to the nearest five cent denomination for taxpayers seeking to pay therefor with legal tender.

This bill requires tax collectors in New York to accept tax payments that are rounded to the nearest five cents when taxpayers pay in cash. This means that if someone owes taxes, they can pay an amount that is more convenient for them, rather than having to provide exact change. The aim is to make the payment process easier for those using legal tender.

Supporters of the bill argue that it modernizes the tax payment system by making it more user-friendly for taxpayers. By allowing rounded payments, it reduces the hassle of carrying exact change and encourages timely payments, which can benefit local governments.

Critics might argue that rounding payments could lead to confusion and inconsistencies in tax collection. They may also express concerns that this could complicate accounting processes for tax collectors and potentially reduce revenue if not managed properly.