New York A09274 requires merchants to round cash purchases to the nearest five cent denomination to reduce penny circulation.

New York A09274, known as the "New Yorkers for Common Cents Act," mandates that merchants round cash purchases to the nearest five cent denomination. This rounding applies to the total price of goods or services, rounding down if the sum ends in one, two, six, or seven cents, and rounding up if it ends in three, four, eight, or nine cents. Exceptions include transactions totaling four cents or less and those paid by instruments like credit or debit cards. The act aims to decrease the circulation of pennies within New York state.

New York A09274 requires merchants to round cash purchases to the nearest five cent denomination to reduce penny circulation.

New York A09274, known as the "New Yorkers for Common Cents Act," mandates that merchants round cash purchases to the nearest five cent denomination. This rounding applies to the total price of goods or services, rounding down if the sum ends in one, two, six, or seven cents, and rounding up if it ends in three, four, eight, or nine cents. Exceptions include transactions totaling four cents or less and those paid by instruments like credit or debit cards. The act aims to decrease the circulation of pennies within New York state.