Trade: business practices; requirement for rounding down certain cash transactions; provide for. Amends secs. 2 & 7 of 2011 PA 15 (MCL 445.312 & 445.317).

This bill requires retailers in Michigan to round down the final price of cash transactions to the nearest five cents, a rule that applies to most items sold in stores but excludes taxes. It also mandates that the total price of an item be clearly displayed at the place of sale, though this requirement does not apply to goods sold by weight, vending machines, prepared food, or certain small items like gum and greeting cards. The legislation updates existing definitions to clarify terms such as "consumer item" and "automatic checkout system" to ensure consistent application of these pricing and display standards.