Summary
- Hawaii enacted S.B. 3255 in response to the federal government’s decision to discontinue penny production, creating formal rules for cash transaction rounding.
- Sellers must round the total transaction amount to the nearest five cents when accepting cash payments, reducing reliance on one-cent coins.
- The amount subject to rounding includes not only the purchase price but also all associated fees, surcharges, and taxes.
Source Deloitte
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