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SB2680 • 2026

Cash purchases; require merchants to round to the nearest five-cent denomination for.

AN ACT TO REQUIRE MERCHANTS ENGAGED IN THE BUSINESS OF SELLING GOODS AND/OR SERVICES IN THIS STATE TO CALCULATE THE PRICE OF GOODS AND/OR SERVICES SOLD, LESS DISCOUNTS OR DEDUCTIONS, AND SUBJECT TO ANY APPLICABLE TAXES, TO INDIVIDUALS PAYING WITH CASH BY ROUNDING SUCH TOTAL TO THE NEAREST FIVE-CENT DENOMINATION; TO PROVIDE EXCEPTIONS FOR TRANSACTIONS FOR WHICH THE TOTAL AMOUNT IS FEWER THAN 4� OR FOR TRANSACTIONS FOR WHICH PAYMENT IS MADE BY ANY DEMAND OR NEGOTIABLE INSTRUMENT, ELECTRONIC FUND TRANSFER, MONEY ORDER, CREDIT CARD, DEBIT CARD, ELECTRONIC PAYMENT OR OTHER LIKE INSTRUMENT; TO ENSURE THAT ANY TAXES IMPOSED ON THE PURCHASE SHALL NOT BE AFFECTED BY GAINS OR LOSSES RESULTING FROM ROUNDING TO THE NEAREST FIVE-CENT DENOMINATION; TO REQUIRE THE EXECUTIVE DIRECTOR OF THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO PROMULGATE REGULATIONS TO IMPLEMENT THIS ACT; AND FOR RELATED PURPOSES.

Taxes
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
DuPree
Last action
2026-02-03
Official status
Dead
Effective date
July 1, 20

Plain English Breakdown

Checked against official source text during the last sync.

Rounding Cash Purchases

This bill requires merchants to round cash payment totals for goods or services sold to the nearest five-cent amount, with exceptions.

What This Bill Does

  • Requires merchants selling goods and services in person to round cash payment totals to the nearest five cents.
  • Does not apply if the total is less than four cents or if other forms of payment are used.
  • Ensures that taxes on purchases remain unchanged regardless of rounding.
  • Gives the Department of Finance and Administration authority to create rules for implementing this law.

Who It Names or Affects

  • Merchants selling goods and services in person
  • Customers paying with cash

Terms To Know

Merchant
Any person, corporation or partnership engaged in the business of selling goods and/or services engaging in face-to-face, in-person sales.
Legal tender
All United States coins and currencies.

Limits and Unknowns

  • The bill did not pass during its session.
  • It does not specify what happens if a transaction total ends exactly on four cents.

Bill History

  1. 2026-02-03 Mississippi Legislative Bill Status System

    02/03 (S) Died In Committee

  2. 2026-01-19 Mississippi Legislative Bill Status System

    01/19 (S) Referred To Business and Financial Institutions

Official Summary Text

Cash purchases; require merchants to round to the nearest five-cent denomination for.

Current Bill Text

Read the full stored bill text 
S. B. No. 2680 *SS26/R414* ~ OFFICIAL ~ G1/2
26/SS26/R414
PAGE 1 (baf\kr)

To: Business and Financial
Institutions
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026

By: Senator(s) DuPree

SENATE BILL NO. 2680

AN ACT TO REQUIRE MERCHANTS ENGAGED IN THE BUSINESS OF 1
SELLING GOODS AND/OR SERVICES IN THIS STATE TO CALCULATE THE PRICE 2
OF GOODS AND/OR SERVICES SOLD, LESS DISCOUNTS OR DEDUCTIONS, AND 3
SUBJECT TO ANY APPLICABLE TAXES, TO INDIVIDUALS PAYING WITH CASH 4
BY ROUNDING SUCH TOTAL TO THE NEAREST FIVE-CENT DENOMINATION; TO 5
PROVIDE EXCEPTIONS FOR TRANSACTIONS FOR WHICH THE TOTAL AMOUNT IS 6
FEWER THAN 4¢ OR FOR TRANSACTIONS FOR WHICH PAYMENT IS MADE BY ANY 7
DEMAND OR NEGOTIABLE INSTRUMENT, ELECTRONIC FUND TRANSFER, MONEY 8
ORDER, CREDIT CARD, DEBIT CARD, ELECTRONIC PAYMENT OR OTHER LIKE 9
INSTRUMENT; TO ENSURE THAT ANY TAXES IMPOSED ON THE PURCHASE SHALL 10
NOT BE AFFECTED BY GAINS OR LOSSES RESULTING FROM ROUNDING TO THE 11
NEAREST FIVE-CENT DENOMINATION; TO REQUIRE THE EXECUTIVE DIRECTOR 12
OF THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO PROMULGATE 13
REGULATIONS TO IMPLEMENT THIS ACT; AND FOR RELATED PURPOSES. 14
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 15
SECTION 1. (1) For purposes of this section, the following 16
terms shall have the meanings ascribed herein: 17
(a) "Merchant" means any person, corporation or 18
partnership engaged in the business of the sale of goods and/or 19
services engaging in face-to-face, in-person sales. 20
(b) "Legal tender" means all United States coins and 21
currencies. 22
(2) Notwithstanding any other provision of law to the 23
contrary, any merchant doing business in this state shall 24
S. B. No. 2680 *SS26/R414* ~ OFFICIAL ~
26/SS26/R414
PAGE 2 (baf\kr)

determine the total price of goods and/or services sold in the 25
following manner: 26
(a) Prices of goods and/or services shall be totaled 27
and any discount or deduction shall be applied to that amount, 28
after which sales tax or other tax, if any, shall be imposed in 29
accordance with the law of the municipality in which the goods 30
and/or services are sold; and 31
(b) (i) If the resulting sum ends in One Cent (1¢), 32
Two Cents (2¢), Six Cents (6¢) or Seven Cents (7¢), the sum shall 33
be rounded down to the nearest amount divisible by five (5) for 34
those individuals seeking to pay with legal tender; or 35
(ii) If the resulting sum ends in Three Cents 36
(3¢), Four Cents (4¢), Eight Cents (8¢) or Nine Cents (9¢), the 37
sum shall be rounded up to the nearest amount divisible by five 38
(5) for those individuals seeking to pay with legal tender. 39
(3) Subsection (2) of this section shall not apply to the 40
following: 41
(a) Transactions for which the total amount is fewer 42
than Four Cents (4¢); or 43
(b) Transactions for which payment is made by any 44
demand or negotiable instrument, electronic fund transfer, money 45
order, credit card, debit card, electronic payment or other like 46
instrument. 47
S. B. No. 2680 *SS26/R414* ~ OFFICIAL ~
26/SS26/R414
PAGE 3 (baf\kr)
ST: Cash purchases; require merchants to round
to the nearest five-cent denomination for.
(4) Any tax imposed by state or municipal taxing authorities 48
shall not be affected by gains or losses resulting from rounding 49
as described in subsection (2) of this section. 50
(5) The executive director of the Department of Finance and 51
Administration shall promulgate regulations to implement this 52
section. 53
SECTION 2. This act shall take effect and be in force from 54
and after July 1, 2026. 55