House Financial Services Hearing
Room 617 at 12:30:00

HB545 would authorize rounding in-person cash transactions to the nearest five cents in Alabama.
The bill lets cash payments be rounded to the nearest five cents using a specific digit-based scheme. It does not change the sale price, tax, or surcharges, and the rounding applies only to the cash portion of a payment (or to the cash portion of a mixed payment). If a transaction uses both cash and another payment method, the rounding affects only the cash portion. The Department of Revenue would post a notice about the authorization, and the measure takes effect immediately.
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin from House Financial Services MS3I61H-1
Pending House Financial Services
Read for the first time and referred to the House Committee on Financial Services
Room 617 at 12:30:00
Source: Alabama Legislature