A bill for an act relating to rounding the amount of cents for cash transactions and payments.

This bill establishes rules for rounding cash transaction amounts in Iowa to the nearest nickel (5 cents). It requires merchants and employers paying cash wages to round down for amounts ending in 1, 2, 6, or 7 cents; round up for amounts ending in 3, 4, 8, or 9 cents; and always round up 1 or 2 cents to 5 cents. The rules apply only to cash payments, excluding credit cards, checks, electronic transfers, or other non-cash methods. The bill responds to the U.S. Mint suspending penny production in 2025, aiming to simplify cash transactions without pennies.