Bill > HB1744

This bill authorizes private businesses that accept cash payments and financial institutions that exchange currency to round off transaction amounts to the nearest nickel if exact change is not available, with specific rules for rounding up or down based on the cents amount. This rounding applies only to the cash portion of a transaction and does not affect electronic payments or the calculation and remittance of sales tax, which must still be calculated to the penny. The bill also mentions that this rounding is permissible if the penny is no longer in production, suggesting a potential future scenario.