Bill > H4617

This bill amends the South Carolina Code of Laws by adding a new provision that addresses how merchants should handle situations where they cannot provide exact change to customers. Specifically, if a merchant is unable to give precisely the correct amount of change, they are now required to round the transaction up or down to the nearest five-cent increment (nickel). This means that if a customer is owed, for example, 3 cents in change, the merchant would either round up to 5 cents or round down to 0 cents, depending on the specific circumstance. The new law will take effect immediately upon receiving the Governor's approval, and it applies to all merchants located within the state of South Carolina. This legislation appears to provide a simple, standardized approach to handling small discrepancies in cash transactions when exact change is not possible.

Business and Industry

https://www.scstatehouse.gov/billsearch.php?billnumbers=4617&session=126&summary=B