Bill > HB2938

This bill mandates a specific rounding method, known as "swedish rounding," for cash transactions in Arizona when one-cent coins are unavailable or not used by a seller. Swedish rounding means that the total amount of a cash transaction, after taxes and fees are calculated, will be rounded to the nearest five-cent increment; amounts ending in one or two cents are rounded down, three or four cents are rounded up, six or seven cents are rounded down, and eight or nine cents are rounded up. This rounding method only applies to cash payments and not to transactions made with credit cards, debit cards, or other electronic payment methods. Sellers must post a visible notice informing customers about this rounding policy, and they are prohibited from using any other rounding method. Importantly, taxes and fees must still be calculated and remitted based on the original sales price before rounding. The weights and measures services division of the Arizona Department of Agriculture will enforce this section, with the ability to issue warnings, orders, and civil penalties. The bill also clarifies that this rounding does not invalidate any U.S. currency as legal tender, does not require or prohibit the acceptance or refusal of specific denominations, and does not conflict with federal law. The chapter heading for Title 44, Chapter 38 of the Arizona Revised Statutes is also being changed from "BUSINESSES EXEMPT FROM MASK MANDATE" to "BUSINESSES GENERALLY."