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AK HB281

Bill

Official Source

Status

Introduced

1/26/2026

Primary Sponsor

Dan Saddler

Click for details

Origin

House of Representatives

34th Legislature

AI Summary

  • Authorizes sellers to round cash transaction totals to the nearest five cents after calculating all prices, discounts, and applicable taxes
  • Totals ending in 1, 2, 6, or 7 cents round down; totals ending in 3, 4, 8, or 9 cents round up
  • Excludes non-cash payments including credit cards, debit cards, electronic funds transfers, money orders, and electronic payments
  • Exempts any gains or losses from rounding from state and local taxation
  • Introduced 1/26/26 by Representative Saddler and referred to State Affairs and Finance committees

Legislative Description

Cash Transactions: Rounding

Consumer Affairs

Last Action

COSPONSOR(S): HIMSCHOOT

2/4/2026

Committee Referrals

State Affairs1/26/2026

Full Bill Text

No bill text available