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SF 2456·IA·senate

A bill for an act relating to rounding the amount of cents for cash transactions and payments.

FailedFiled Feb 23, 2026
Sponsor: COMMITTEE ON COMMERCE
Latest Action

Amendment H-8463 filed. H.J. 1086.

May 1, 2026

Summary

The bill lets sellers, cash payers, and employers round the cents on cash transactions to the nearest multiple of five. Rounding down is permitted when the cent digit ends in 1, 2, 6, or 7; rounding up is permitted when it ends in 3, 4, 8, or 9, and amounts of one or two cents must be rounded up to five cents. Payments made by check, credit card, electronic transfer or similar non‑cash methods are excluded.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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