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CA SB1005

Bill

Official Source

Status

Introduced

2/9/2026

Primary Sponsor

Anna Caballero

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Authorizes local agencies to round cash payments (taxes, fees, charges) and cash refunds to the nearest $0.05
  • Applies only to transactions made wholly or partly in cash, not to electronic or check payments
  • Requires local agency governing bodies to adopt a resolution by majority vote to implement the rounding provision
  • Anticipates the potential reduction or elimination of penny production by the United States Mint
  • Introduced by Senator Caballero on February 9, 2026; requires no appropriation and has no fiscal committee impact

Legislative Description

Local agency: payment: rounding amount.

Last Action

Set for hearing March 18.

3/5/2026

Committee Referrals

Local Government2/18/2026
Rules2/9/2026

Full Bill Text

No bill text available