Business and Commerce - As enacted, authorizes a private entity that is engaged in business with the public and accepts cash payments to round off all figures used in the transaction amount to the nearest nickel, if exact change is not available; authorizes a financial institution that provides currency in exchange for a payment instrument received to round off all figures used in the transaction amount to the nearest nickel, if exact change is not available. - Amends TCA Title 9; Title 45; Title 47, Chapter 50; Title 47, Chapter 18 and Title 67.

HB 1744 requires businesses and public entities that accept cash payments to round transactions to the nearest nickel when exact change isn't available, due to pennies no longer being produced. It specifies four rounding rules: amounts ending in 1-2 cents round down, 3-4 cents round up, 6-7 cents round down, and 8-9 cents round up. The rule does not apply to electronic payments or affect how sales tax must be calculated and remitted (exact tax amounts must still be paid). This policy directly impacts all retail businesses, service providers, and public agencies handling cash transactions in Tennessee. The bill amends multiple Tennessee Code sections to implement these rounding requirements.