FL Addresses How to Round Penny-Free Cash Transactions

Bill Setting Rounding Rules for Cash Transactions Advances in FL

The Florida Senate Commerce and Tourism Committee advanced a bill (SB 1074) that would direct retailers how to round cash transactions now that pennies have stopped being minted. Under the provisions of the measure, in-person cash transactions ending in 1 or 2 cents would be rounded down to zero cents, those ending in 3 or 4 cents would be rounded up to five cents, those ending in 6 or 7 cents would be rounded down to five cents, and those ending in 8 or 9 cents would be rounded up to 10 cents. (FLORIDA POLITICS, LEXISNEXIS STATE NET)

—Compiled by SNCJ Managing Editor KOREY CLARK

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