Trade: business practices; requirement for rounding down certain cash transactions; provide for. Amends secs. 2 & 7 of 2011 PA 15 (MCL 445.312 & 445.317).

Summary

The bill amends the Shopping Reform and Modernization Act so that when a consumer pays with cash, the final price is rounded down to the nearest five cents, while sales tax is still calculated on the exact amount. It also obligates retailers to show the total price of items, with a detailed list of goods that are exempt from the display requirement. The changes aim to simplify cash transactions and improve price transparency for shoppers.

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