HB 1744·TN·house
Business and Commerce - As enacted, authorizes a private entity that is engaged in business with the public and accepts cash payments to round off all figures used in the transaction amount to the nearest nickel, if exact change is not available; authorizes a financial institution that provides currency in exchange for a payment instrument received to round off all figures used in the transaction amount to the nearest nickel, if exact change is not available. - Amends TCA Title 9; Title 45; T...
Signed into LawFiled Jan 20, 2026
Sponsor: Baum
Latest Action
Pub. Ch. 602
Mar 23, 2026
Summary
The law lets businesses and government agencies that take cash round the total amount to the nearest five‑cent increment if they cannot provide exact change. Rounding applies only to the cash portion of a transaction and does not change electronic payments or the calculation of sales tax, which must still be exact to the penny. The measure takes effect immediately after enactment.
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