Bill
Bill > SB2680
MS SB2680
MS SB2680Cash purchases; require merchants to round to the nearest five-cent denomination for.
summary
Introduced
01/19/2026
01/19/2026
In Committee
01/19/2026
01/19/2026
Crossed Over
Passed
Dead
02/03/2026
02/03/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Require Merchants Engaged In The Business Of Selling Goods And/or Services In This State To Calculate The Price Of Goods And/or Services Sold, Less Discounts Or Deductions, And Subject To Any Applicable Taxes, To Individuals Paying With Cash By Rounding Such Total To The Nearest Five-cent Denomination; To Provide Exceptions For Transactions For Which The Total Amount Is Fewer Than 4¢ Or For Transactions For Which Payment Is Made By Any Demand Or Negotiable Instrument, Electronic Fund Transfer, Money Order, Credit Card, Debit Card, Electronic Payment Or Other Like Instrument; To Ensure That Any Taxes Imposed On The Purchase Shall Not Be Affected By Gains Or Losses Resulting From Rounding To The Nearest Five-cent Denomination; To Require The Executive Director Of The Department Of Finance And Administration To Promulgate Regulations To Implement This Act; And For Related Purposes.
AI Summary
This bill requires merchants in Mississippi who sell goods and services in person to round the final total price, after taxes and discounts, to the nearest five-cent denomination when customers pay with cash, which refers to U.S. coins and currency. This rounding rule applies to totals ending in 1, 2, 6, or 7 cents by rounding down, and totals ending in 3, 4, 8, or 9 cents by rounding up, to the nearest amount divisible by five. However, this rounding does not apply to transactions totaling less than four cents or to any payment made by methods other than cash, such as credit cards, debit cards, checks, or electronic transfers. Importantly, any sales taxes will not be affected by these rounding adjustments, and the Executive Director of the Department of Finance and Administration will issue regulations to put this law into effect starting July 1, 2026.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Died In Committee (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2680.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/SB/2600-2699/SB2680IN.htm |
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