Allows rounding for cash transactions.

A5233

ASSEMBLY, No. 5233

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED JUNE 8, 2026

Sponsored by:

Assemblyman� ROY FREIMAN

District 16 (Hunterdon, Mercer, Middlesex and Somerset)

SYNOPSIS

���� Allows rounding for cash transactions.�

CURRENT VERSION OF TEXT

���� As introduced.

��

An Act
concerning certain cash transactions
and
supplementing Title 56 of the Revised Statutes.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.��� a.� If a business
accepts cash transactions and chooses to round up or down when calculating
amounts due at the point of sale, the following provisions apply:

���� (1)� A cash transaction where
the price ends in one-hundredth or two-hundredths ($.01 or $.02) of a dollar
shall be rounded down to the nearest tenth of a dollar.

���� (2)��
A
cash transaction where the price ends in three-hundredths
or four-hundredths
($.03 or $.04) of a dollar shall be
rounded up to the nearest five-hundredths of a dollar.

���� (3)�� A cash transaction where
the price ends in six-hundredths or seven-hundredths ($.06 or $.07) of a dollar
shall be rounded down to the nearest five-hundredths of a dollar.

���� (4)�� A cash transaction where
the price ends in eight-hundredths or nine-hundredths ($.08 or $.09) of a
dollar shall be rounded up to the nearest tenth of a dollar.

���� b.��� The provisions of
subsection a. of this section shall not apply to transactions where a check,
debit card, credit card, wire transfer, or any other non-cash form of payment
is used in a transaction.

���� c.���� Nothing in this act
shall be construed to prohibit a program that rounds a purchase or transaction
up as a donation; provided that the program is voluntary, and the consumer has
the right to opt in to and opt out of the donation.

���� 2.��� Any business that
violates the provisions of this bill shall be subject to a civil penalty of
$1,000 for the first offense, $2,500 for the second offense, and $5,000 for the
third and each subsequent offense.� Each day on which a violation occurs shall
constitute a separate and distinct offense.� A penalty imposed pursuant to this
section shall be collected in a civil action by a summary proceeding under the
�Penalty Enforcement Law of 1999,� P.L.1999, c.274 (C.2A:58-10 et seq.).� The
Superior Court shall have jurisdiction of proceedings for the enforcement of
the penalty provided by this section.

���� 3.��� This act shall take
effect 30 days after enactment.�

STATEMENT

���� This bill establishes the
rounding requirements, for businesses that choose to follow them, for cash
transactions in response to the end of the production of pennies by the federal
government in November of 2025.� While pennies will still circulate, the bill
intends to assist businesses in preparation for a phaseout in the use of the
penny for cash transactions.� As noted by the National Conference of State
Legislatures, guidance issued by states on this issue will provide critical
clarity and fairness for businesses and subsequently, consumers.� Penalties are
also established in the bill for businesses who adopt the rounding requirements
but violate their provisions.

���� Nothing in the bill will be
construed to prohibit a program that rounds a purchase or transaction up as a
donation; provided that the program is voluntary, and the consumer has the
right to opt in to and opt out of the donation.