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FL S1074
Bill
Status
Engrossed
2/26/2026
Primary Sponsor
Finance and Tax
Click for details
AI Summary
- Authorizes dealers to round in-person cash transactions to the nearest nickel if the U.S. 1-cent piece is no longer in production
- Establishes specific rounding methodology: amounts ending in 1-2 cents round down to zero, 3-4 cents round up to 5, 6-7 cents round down to 5, and 8-9 cents round up to 10
- Limits rounding to cash transactions only; electronic payments, checks, credit cards, and gift cards must be processed at exact amounts
- Exempts nickel rounding from being classified as a deceptive or unfair trade practice under Florida consumer protection law
- Requires secondhand goods dealers making cash payments to sellers to pay the full amount or round up to the nearest nickel
Legislative Description
One-cent Piece
Last Action
CS passed; YEAS 111, NAYS 1
3/10/2026
Committee Referrals
Appropriations2/13/2026
Finance and Tax1/21/2026
Full Bill Text
No bill text available