Florida Retail Federation Celebrates New Law Allowing Vendors to Round Sales Prices to Nearest Nickel
Retailers may round cash totals to the nearest nickel, but the law leaves sale prices and sales tax unchanged.
- On Monday, Governor Ron DeSantis signed legislation allowing Florida retailers to round cash transactions to the nearest nickel, responding to the United States Mint's discontinuation of penny production.
- The Treasury determined penny manufacturing costs exceeded the coin's value, prompting the United States Mint to halt production in 2025 and leading Florida to join five other states adopting rounding frameworks.
- Vendors may optionally round cash totals: amounts ending in one or two cents round down, while three or four cents round up to five, though the bill excludes non-cash payments and does not alter sales tax.
- Florida Retail Federation President and CEO Scott Shalley praised the measure, stating the framework provides "a model for how states can navigate currency changes" while ensuring businesses prosper and consumers are protected.
- Effective immediately, the law empowers merchants to adjust cash transactions without changing underlying prices or fees, though rounding remains optional and leaves the choice to individual vendors across Florida.
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14 Articles
Round To The Nearest Nickel: DeSantis Signs Gaetz Bill As Pennies Go Away : NorthEscambia.com
On Tuesday, Gov. Ron DeSantis signed legislation that allows businesses to round up or down to the nearest nickel when people are paying with cash because pennies are no longer being made by the U.S. Mint. The bill was sponsored in the Florida Senate by Sen. Don Gaetz of Northwest Florida. The new law took effect [...]
Florida sets cash-rounding rules after federal penny phaseout
Gov. Ron DeSantis signed legislation Monday establishing statewide rules for rounding certain cash purchases in Florida after the discontinuation of the penny. The measure, sponsored by Sen. Don Gaetz, creates a standard process for rounding in-person cash transactions to the nearest nickel. Under the law, cash totals ending in one or two cents are rounded down, while totals ending in three or four cents are rounded up and totals ending in six o…
DeSantis signs slate of bills including measure to round cash totals to the nearest nickel
TALLAHASSEE, Fla. — Gov. Ron DeSantis signed a slate of nine bills Monday, highlighted by a new law that allows Florida businesses to round cash transactions to the nearest nickel if the federal government ends production of the one-cent coin. The rounding measure, SB 1074, anticipates a permanent cessation of penny production by the U.S.… The post DeSantis signs slate of bills including measure to round cash totals to the nearest nickel appeare…
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