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ENROLLED
2026
Legislature
CS for SB 1074
20261074er
1
2 An act relating to the one-cent piece; amending s.
3 212.12, F.S.; defining the term “cash”; authorizing
4 dealers to round to the nearest nickel in certain
5 circumstances; specifying the methodology for such
6 rounding; providing applicability and construction;
7 amending s. 501.212, F.S.; providing that rounding to
8 the nearest nickel is not a deceptive and unfair trade
9 practice in certain circumstances; amending s.
10 538.235, F.S.; requiring that certain cash payments be
11 made in the full amount due or rounded in a specified
12 manner in certain circumstances; providing an
13 effective date.
14
15 Be It Enacted by the Legislature of the State of Florida:
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17 Section 1. Paragraph (c) is added to subsection (10) of
18 section 212.12, Florida Statutes, to read:
19 212.12 Dealer’s credit for collecting tax; penalties for
20 noncompliance; powers of Department of Revenue in dealing with
21 delinquents; rounding; records required.—
22 (10)
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(c)
1. For purposes of this paragraph, the term “cash” has
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the same meaning as defined in 12 U.S.C. s. 4001.
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2.
If the 1-cent piece is no longer in production, an in
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person cash transaction may be rounded to the nearest nickel
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using the following methodology:
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a.
If the final digit of a cash transaction ends in 1 or 2
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cents, it must be rounded down to zero.
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b.
If the final digit of a cash transaction ends in 3 or 4
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cents, it must be rounded up to 5 cents.
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c.
If the final digit of a cash transaction ends in 6 or 7
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cents, it must be rounded down to 5 cents.
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d.
If the final digit of a cash transaction ends in 8 or 9
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cents, it must be rounded up to 10 cents.
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e.
Cash transactions ending in 0 or 5 cents are not
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rounded.
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3.
Rounding to the nickel applies only to cash
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transactions. Rounding to the nickel does not apply to any
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transaction for which payment is made by a noncash method
,
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including electronic
funds
transfer; check; gift card; money
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order; credit card; or mixed tender, except to the extent that
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cash is dispersed to the purchaser.
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4. Rounding to the nickel does not alter the sales price,
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the amount of tax collected under this chapter, or any
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surcharges, assessments, or fees imposed on the sale.
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5.
Rounding to the nickel may apply to the amount of the
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transaction or to the amount of change tendered to the
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purchaser.
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6. Rounding to the nickel does not alter or affect the
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exact amounts authorized, cleared, or settled through any
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noncash payment system or electronic transaction.
53 Section 2. Subsection (8) is added to section 501.212,
54 Florida Statutes, to read:
55 501.212 Application.—This part does not apply to:
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(8) Rounding a consumer sale to the nickel if the 1-cent
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piece is no longer in production.
58 Section 3. Present subsections (2) and (3) of section
59 538.235, Florida Statutes, are redesignated as subsections (3)
60 and (4), respectively, and a new subsection (2) is added to that
61 section, to read:
62 538.235 Method of payment.—
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(2)
Any
cash
payment made to a seller under this section
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shall be made in the full amount due or rounded up to the
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nearest
nickel if the
1
-cent piece is no longer in production.
66 Section 4. This act shall take effect upon becoming a law.