California AB1793 establishes rules for rounding cash payments in retail transactions.

California AB1793, known as the California Common Cents Act, sets rules for rounding cash payments in retail transactions. It mandates that merchants round the total transaction price to the nearest five cents for payments made in whole with legal tender. Specific rounding rules apply based on the ending cents of the transaction price. The act also specifies that rounding adjustments should be disregarded for tax, fee, or surcharge computations. Merchants are prohibited from collecting more than the rounded amount from customers. The act becomes operative on July 1, 2027.

California AB1793 establishes rules for rounding cash payments in retail transactions.

California AB1793, known as the California Common Cents Act, sets rules for rounding cash payments in retail transactions. It mandates that merchants round the total transaction price to the nearest five cents for payments made in whole with legal tender. Specific rounding rules apply based on the ending cents of the transaction price. The act also specifies that rounding adjustments should be disregarded for tax, fee, or surcharge computations. Merchants are prohibited from collecting more than the rounded amount from customers. The act becomes operative on July 1, 2027.