Overview
- Florida’s House passed SB 1074 by 111–1, sending the cash-rounding bill to Gov. Ron DeSantis for possible immediate effect upon signature.
- SB 1074 mandates symmetrical rounding for cash totals after tax: 1–2 cents round to $0.00, 3–4 to $0.05, 6–7 to $0.05, and 8–9 to $0.10.
- The policy applies only to cash payments, leaves electronic transactions unchanged, and preserves existing sales-tax calculations and remittance.
- Similar measures have cleared both chambers in Arizona, Oregon, Tennessee, Virginia and Washington, while Indiana has moved from a rounding mandate to an optional approach and Tennessee provides safe harbor without requiring rounding.
- A federal bill to standardize symmetrical rounding nationwide has passed a House committee but not floor votes, as debate continues between Treasury’s neutrality claim and Richmond Fed research showing price endings that could lead to more rounding up.