Alaska2026Passed Legislature

HB281

Rounding Cash Transactions to Five Cents

Last scannedSep 22, 2026, 12:32 AM

In one sentence

This bill allows sellers in Alaska who choose to round cash payments to do so by adding item prices and taxes first, then rounding the total up or down to the nearest five cents.

Requires that if a seller rounds cash transactions, they must add all goods, services, discounts, and applicable taxes before calculating the final rounded amount.
Rounds totals ending in one, two, six, or seven cents down to the nearest five-cent mark.
Rounds totals ending in three, four, eight, or nine cents up to the nearest five-cent mark.
Excludes payments made by electronic funds transfer, money order, credit card, debit card, or similar methods from this rounding rule.
States that no state or local tax is owed on any small gain or loss caused by rounding.

Sellers who engage in the business of selling goods or services and choose to round cash transactions
Customers paying with physical cash for purchases

Rounding is optional for sellers; the law only sets rules if they choose to round.
The text does not state a specific date when this law will take effect.
The bill has passed both chambers but its final status regarding executive action or effective date is unknown.

Plain language

Seller: A person who engages in the business of selling, contracting for the sale of, or arranging for the sale of goods or services.
Cash transaction rounding: The process of adjusting a cash payment total to be divisible by five cents after adding all prices and taxes.

Official record

Source checked

Read the official summary

CASH TRANSACTIONS: ROUNDING An Act relating to rounding cash transactions to the nearest five cents.

Official activity