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Committee hears bill to standardize cash rounding after penny phaseout; retailers seek clarifications
Summary
SB 6230 would require cash transactions to be rounded to the nearest nickel after taxes and discounts, following the U.S. Treasury's cessation of penny production; retailers and grocery associations supported the measure but requested clarifications for SNAP/EBT, POS changes, audit protections and local ordinance conflicts.
Committee staff John Kim briefed senators on SB 6230, explaining that the U.S. Department of the Treasury ceased minting new pennies in 2025 and recommended rounding cash transactions to the nearest 5¢ increment. The bill would require retail cash transactions to be rounded after all applicable taxes, fees, adjustments or discounts are applied; totals ending in 1¢,…
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