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Bill

HB 2334

Adjusting the price of a cash transaction to eliminate the need for pennies.

2025-2026 Regular Session Introduced by April Berg and 15 co-sponsors

Bill allows retailers to round cash transactions to nearest nickel instead of penny, reducing currency handling costs but potentially affecting consumer prices and payment equity.

Effective date 6/11/2026.
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WeVote Research Nonpartisan
Bill Summary · HB 2334

Legislative bill overview

HB 2334 would allow retailers to round cash transaction totals to the nearest nickel (up or down) to eliminate the need for penny coins in everyday commerce. The bill establishes a voluntary rounding mechanism while maintaining exact pricing for card transactions and digital payments.

Why is this important

Pennies cost more to produce than their face value and create logistical burdens for retailers and banks. This bill addresses concerns about currency efficiency while potentially reducing handling costs, though it affects consumers' final out-of-pocket amounts in small but cumulative ways.

Potential points of contention

  • Consumer impact: Low-income shoppers making multiple small purchases could systematically lose money through rounding, while others occasionally gain, creating distributional fairness questions
  • Implementation inconsistency: Voluntary adoption means different retailers apply different rules, potentially confusing consumers and creating competitive disadvantages for compliant businesses
  • Inflation concerns: Critics argue rounding up (even occasionally) effectively increases prices for cash users while card users pay exact amounts, creating a hidden tax on those without digital payment access

Compiled from official sources — confirm details with the bill’s official record.

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