DeSantis Signs Bill Establishing Cash Rounding Rules After Penny Discontinued

Pensacola, FL (Newsradio 92.3) -- Governor DeSantis has signed legislation sponsored by Niceville Senator Don Gaetz establishing a statewide framework for rounding cash transactions now that the U.S. Mint has discontinued the penny. The law takes effect immediately and applies only to in-person cash transactions. Totals ending in one or two cents round down while totals ending in three or four cents round up to the nearest nickel. The law clarifies that rounding does not alter the underlying price or constitute an unfair trade practice.