Oregon HB4178 modifies rounding procedures for in-person cash and mixed-tender transactions by public bodies.

Oregon HB4178 amends existing law to allow public bodies to establish rounding policies for in-person cash and mixed-tender transactions. These policies must round the final digit of the total amount due to the nearest amount divisible by five cents. Public bodies must apply these policies consistently, post signs notifying the public, and publicize any changes. This change does not apply to retail transactions conducted entirely over the internet or to transactions involving the payment of debts, fees, or taxes using a combination of cash and non-cash payment instruments.

Oregon HB4178 modifies rounding procedures for in-person cash and mixed-tender transactions by public bodies.

Oregon HB4178 amends existing law to allow public bodies to establish rounding policies for in-person cash and mixed-tender transactions. These policies must round the final digit of the total amount due to the nearest amount divisible by five cents. Public bodies must apply these policies consistently, post signs notifying the public, and publicize any changes. This change does not apply to retail transactions conducted entirely over the internet or to transactions involving the payment of debts, fees, or taxes using a combination of cash and non-cash payment instruments.