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Georgia Lawmakers Approve Rounding Bill for Cash Transactions
House Bill 1112 would round cash purchases to the nearest nickel, with 163-4 support in the House as pennies phase out.
- The Georgia House voted 163-4 on Thursday to approve House Bill 1112, sending the cash rounding legislation to Gov Brian Kemp for his approval or veto.
- Trump administration's decision last year to stop minting new pennies prompted this legislation, which addresses their gradual disappearance from circulation.
- Under the legislation, Rounding for in-person cash Prices mandates: businesses round down totals ending in 1, 2, 6, or 7; round up those ending in 3, 4, 8, or 9; and keep those ending in 0 or 5 unchanged.
- Rounding requirements apply exclusively to in-person cash purchases; Transactions using credit cards remain exempt from the new rounding mandate.
- You could soon leave pennies at home when shopping in Georgia as the state implements the new currency system following Kemp's decision.
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New law in Georgia would round cash purchases to the nearest nickel
You could soon leave pennies at home when you go shopping in Georgia. The Georgia House gave final approval to a bill Thursday that rounds in-person cash transactions to the nearest nickel. The change is a response to the Trump administration’s decision last year to stop making new pennies, which will lead to their gradual […] The post New law in Georgia would round cash purchases to the nearest nickel appeared first on The Georgia Sun.
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Georgia passes bill to round cash purchases to the nearest nickel
ATLANTA — You could soon leave pennies at home when you go shopping in Georgia. The Georgia House gave final approval to a bill Thursday that rounds in-person cash transactions to the nearest nickel. The change is a response to…
·Georgia, United States
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Total News Sources11
Leaning Left1Leaning Right0Center9Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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