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Bill

Bill

HB 4476

To provide for currency rounding on monetary transactions

2026 Regular Session

Establishes standardized currency rounding rules for cash transactions in West Virginia to address practical challenges from penny scarcity and incomplete cents.

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WeVote Research Nonpartisan
Bill Summary · HB 4476

Legislative bill overview

HB 4476 establishes rules for rounding monetary transactions to the nearest cent when cash payments are made, addressing the practical problem that pennies are increasingly uncommon in circulation. The bill would standardize how businesses handle transactions that result in amounts ending in fractions of a cent (typically from sales tax calculations).

Why is this important

As penny production has declined and cash use evolves, businesses face inconsistent practices for handling sub-cent amounts, creating potential consumer confusion and disputes. Standardizing rounding rules provides clarity for retailers, reduces operational friction, and acknowledges the practical reality of modern currency circulation.

Potential points of contention

  • Consumer protection vs. business convenience: Rules favoring business rounding up could systematically disadvantage consumers across many transactions, while strict rounding rules may burden retailers
  • Cash vs. cashless economy: The bill's relevance may diminish as digital payments grow, raising questions about whether legislation should address a declining practice
  • Fairness in aggregate: Depending on rounding direction (up vs. down vs. alternating), some populations shopping primarily with cash could bear disproportionate costs over time

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

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