Rounds cash transactions to the nearest nickel if the one-cent piece is no longer in production.
The bill amends Florida Statutes to require rounding cash transactions to the nearest nickel when the one-cent piece is no longer in production. This rounding does not apply to electronic transactions or noncash payment systems. The tax due is calculated before rounding. The bill also specifies that rounding does not alter the amounts authorized, cleared, or settled through noncash payment systems.
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