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Vermont committee weighs optional cash-rounding rules as pennies disappear
Summary
Lawmakers, businesses and the attorney general’s consumer office debated H.837, a bill that would let merchants optionally round cash totals when pennies are scarce, focusing on disclosures, POS implementation and enforcement against willful one-way rounding.
The House Commerce & Economic Development Committee considered H.837 on April 3, a bill that would allow merchants to round cash transactions to the nearest nickel or other agreed increment as pennies become scarce.
Business owners urged lawmakers to adopt a clear, optional standard and a near-term effective date. Shane Switzer, who identified himself as owner of Lindo Redemption and The Pizza Man, said banks have limited penny distributions and some chains are already rounding at the register. “Please make something happen in July at all humanly possible,” Switzer told the committee, arguing that optional rounding with a uniform method would reduce consumer…
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