Bill > AB1793

This bill, titled the "Californians for Common Cents Act," would require merchants in California to round the total price of goods or services to the nearest amount divisible by five when a customer pays with "legal tender," which is defined as all coins and currencies of the United States. This rounding rule would apply to face-to-face, in-person sales after all taxes and discounts are calculated, with specific instructions for rounding down if the total ends in one, two, six, or seven cents, and rounding up if it ends in three, four, eight, or nine cents. However, this rounding requirement would not apply to transactions totaling four cents or less, or when payment is made by any form of electronic payment, credit card, debit card, or negotiable instrument. The bill also clarifies that any tax gains or losses resulting from this rounding would not be subject to state or local taxes, and it authorizes the Commissioner of Financial Protection and Innovation to create regulations for implementing the act, including potential exemptions.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1793