Oklahoma Common Cents Act establishes rounding rules for cash payments and accounts for over or under payments.

The Oklahoma Common Cents Act introduces a system for rounding cash payments. It specifies that payments of $0.07 round down to $0.05, while $0.08 and $0.09 round up to $0.10. This rounding applies only to cash payments, not to checks, debit cards, credit cards, or electronic payments. The act also allows political subdivisions to account for any over or under payments from funds under their control. It will become effective on November 1, 2026.

Oklahoma Common Cents Act establishes rounding rules for cash payments and accounts for over or under payments.

The Oklahoma Common Cents Act introduces a system for rounding cash payments. It specifies that payments of $0.07 round down to $0.05, while $0.08 and $0.09 round up to $0.10. This rounding applies only to cash payments, not to checks, debit cards, credit cards, or electronic payments. The act also allows political subdivisions to account for any over or under payments from funds under their control. It will become effective on November 1, 2026.