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Committee advances cash-rounding guidance after penny minting ends
Summary
Sen. Ricks presented RS 33423 to permit merchants to round cash totals to the nearest five cents as pennies become scarce; the committee voted to send the request to print. Sales tax would be calculated on the invoice total and non-cash payments remain exact.
Senator Ricks (District 34) presented RS 33423 to the Senate Judiciary & Rules Committee, saying the measure responds to the federal decision to stop minting pennies (effective Nov. 12, 2025) and the growing scarcity of pennies in cash transactions. He said the proposal was developed with the Retailers Association and "provided common sense guidance for merchants on rounding cash payments. Under RS 33423, merchants would be permitted—but not required—to round totals to the nearest five cents. Amounts ending in one or two cents would round down, while those ending in three or four cents would round up to five cents." He clarified that sales tax would be calculated on the final total, and that non-cash payments such as card transactions would be processed to the exact penny.
The committee took no extended debate and moved the matter to print. Senator Foreman moved to send RS 33423 to print; Senator Keyser seconded and the motion carried by voice vote.
