Hawaii HB2346 mandates rounding cash transactions to the nearest five cents to address the discontinuation of penny minting.

Hawaii HB2346 requires rounding cash transactions to the nearest five cents for payments made with legal tender. If the total transaction amount, including taxes, ends with one, two, six, or seven cents, it rounds down to the nearest five cents. If it ends with three, four, eight, or nine cents, it rounds up. Transactions totaling $0.01 or $0.02 round up to $0.05. This rounding does not apply to payments made by instruments like checks or credit cards. The bill aims to adapt to the U.S. Treasury's cessation of penny minting.

Hawaii HB2346 mandates rounding cash transactions to the nearest five cents to address the discontinuation of penny minting.

Hawaii HB2346 requires rounding cash transactions to the nearest five cents for payments made with legal tender. If the total transaction amount, including taxes, ends with one, two, six, or seven cents, it rounds down to the nearest five cents. If it ends with three, four, eight, or nine cents, it rounds up. Transactions totaling $0.01 or $0.02 round up to $0.05. This rounding does not apply to payments made by instruments like checks or credit cards. The bill aims to adapt to the U.S. Treasury's cessation of penny minting.