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Bill > SB1810
TN SB1810
TN SB1810AN ACT to amend Tennessee Code Annotated, Title 9; Title 45; Title 47, Chapter 50; Title 47, Chapter 18 and Title 67, relative to cash transactions.
summary
Introduced
01/20/2026
01/20/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
114th General Assembly
Bill Summary
As introduced, establishes requirements for entities engaged in business with the public in rounding a cash transaction to the nearest nickel if the penny is no longer in production. - Amends TCA Title 9; Title 45; Title 47, Chapter 50; Title 47, Chapter 18 and Title 67.
AI Summary
This bill establishes rules for rounding cash transactions to the nearest nickel if the penny is no longer in production, requiring businesses that accept cash to round the total amount to the nearest five-cent increment when exact change is unavailable. Specifically, amounts ending in $0.01 or $0.02 would be rounded down, $0.03 or $0.04 rounded up, $0.05 or $0.06 rounded down, and $0.07 or $0.08 rounded up, with the hundredths place determining the final cent. This rounding rule does not apply to electronic transactions or the calculation of sales tax, which must still be calculated to the penny, though it does apply to the cash portion of mixed-tender transactions and to public entities collecting taxes, fees, or surcharges.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Companion House Bill substituted (on 03/02/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1810&ga=114 |
| Amendment 1-0 to SB1810 | https://www.capitol.tn.gov/Bills/114/Amend/SA0504.pdf |
| Amendment 1-0 to HB1744 | https://www.capitol.tn.gov/Bills/114/Amend/HA0564.pdf |
| Fiscal Memo for HA0564 (12839) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM1508.pdf |
| Fiscal Note - HB1744 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB1744.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB1810.pdf |
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