Arizona's New Rounding Rule for Cash Transactions
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Arizonas New Rounding Rule: Pennies No More, Cash Transactions Round to the Nearest Nickel
Arizona lawmakers have passed a new bill, House Bill 2938, introducing a Swedish-style rounding rule for cash transactions. The rule, effective when sellers dont have pennies, rounds to the nearest nickel. Totals ending in one or two cents round down, three or four round up, six or seven go down, and eight or nine round up. Business owners and customers are divided on the issue, with some worrying about potential hidden taxes and others dismissing the impact as minimal.
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