State fiscal affairs; requiring entities of state to round price of certain transactions. Effective date. Emergency.

SB 1397 requires Oklahoma state agencies, boards, commissions, and certain public entities accepting cash payments to round the total amount of cash transactions down to the nearest five-cent increment (e.g., $1.97 becomes $1.95). It applies only to the cash portion of payments when combined with other payment methods, excludes taxes from rounding, and does not affect non-cash transactions. The law takes effect July 1, 2026, and is designated as an emergency measure. This policy directly affects state entities that handle cash payments, such as license offices or tax collection agencies, but does not alter tax rates or fees.