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Florida Law Rounds Cash Transactions Amid Penny Discontinuation

3/14/2026

50 9 Full Breakdown

Summary

Story summary

Florida enacted a law allowing retailers to round cash transactions to the nearest nickel due to penny discontinuation.
Rounding rules depend on the last digit and apply only to cash.
The Florida Retail Federation supports the measure, saying it simplifies transactions.
This follows the United States Department of the Treasury's decision to stop penny production, saving about $56 million.

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Story summary

Florida enacted a law allowing retailers to round cash transactions to the nearest nickel due to penny discontinuation.
Rounding rules depend on the last digit and apply only to cash.
The Florida Retail Federation supports the measure, saying it simplifies transactions.
This follows the United States Department of the Treasury's decision to stop penny production, saving about $56 million.