Business Regulation - Rounding Cash Transactions - Authorization

HB 1026 authorizes merchants and employers to round cash transactions to the nearest 5-cent increment under specific rules. Merchants may round down (e.g., 98¢ to 95¢) for prices ending in 1-2¢ or 6-7¢, and round up (e.g., 93¢ to 95¢) for prices ending in 3-4¢ or 8-9¢. For transactions under 5¢, merchants must round up to 5¢. Employers may similarly round cash wages. The bill preempts conflicting local regulations but applies only to cash payments (not digital or card transactions), directly affecting businesses, employers, and customers in cash-based transactions.