Video & Transcript Research : 'cash rounding'
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AL
Alabama 2026 Regular Session
Alabama Senate Banking and Insurance Committee Apr 1st, 2026
Banking and Insurance
Transcript Highlights:
- that take cash.
- that take cash.
- I'm not sure what we round up 10 votes. I'm not sure what we round up to<00:03:27.480>
there. - it's got to be 3 cent then it's rounded it's got to be 3 cent then it's rounded up<00:04:01.120>
- <00:04:03.600>
up <00:04:03.880>or still rounded up or still rounded up or >>
Bills:
HB545
Keywords:
HB545, legal tender, cash rounding, nearest five cents, nickel rounding, in-person cash transaction, cash transactions, change making, sales tax, Department of Revenue, merchant payments, consumer payments, currency rounding, cash payment, retail transactions, payment methods, 923, senate, all
AL
Alabama 2026 Regular Session
Alabama House Financial Services Committee Mar 10th, 2026
Financial Services
Transcript Highlights:
- However, the production and rounding.
- One is to provide a clear, uniform standard for rounding cash transactions to protect consumers and protect
- If the number ends in 1, 2, 6, or 7, it is rounded down. If it is 3, 4, 8, or 9, it is rounded up.
- actually work, this only applies to cash actually work, this only applies to cash transactions.<
- 4, 8, or 9 and is rounded up, the rounding<00:07:45.680>
adjustment <00:07:46.160>again
Keywords:
Escambia County, probate court, court fees, legal services, judicial legislation, HB545, legal tender, cash rounding, nearest five cents, nickel rounding, in-person cash transaction, cash transactions, change making, sales tax, Department of Revenue, merchant payments, consumer payments, currency rounding, cash payment, retail transactions
AZ
Transcript Highlights:
- Chair and members, House Bill 2938 requires a seller to apply Swedish rounding that rounds the total
- The bill applies Swedish rounding to a final total transaction amount of a cash transaction after taxes
- So then I took a whole bunch of cash out and started paying everything by cash.
- A bunch of cash out and started paying everything by cash.
- House Bill 2938 provides a practical, uniform framework for how cash transactions may be rounded when
Keywords:
insurance regulation, modeling organizations, financial disclosure, rate-making, predictive models, revitalization districts, construction contracts, infrastructure, municipal services, intergovernmental agreements, user fees, landowner agreements, overtime, wages, employee rights, industrial commission, complaints, adjudication, landlord, tenant
AL
Alabama 2026 Regular Session
Alabama Senate Banking and Insurance Committee Mar 19th, 2026
Banking and Insurance
Bills:
SB365
Keywords:
cash transactions, rounding, legal tender, state regulations, consumer transactions, 923, senate, all
FL
Transcript Highlights:
- Without exact change, retailers will have no choice but to round up to the nearest nickel for cash customers
- This bill establishes clear, uniform rules for rounding cash transactions. Customers.
- This bill establishes clear, uniform rules for rounding cash transactions to the nearest nickel while
- The bill also makes clear that rounding applies only to cash, not electronic or card payments, and provides
- Transactions to ensure that sellers are always paid in full or rounded up, and that is the bill.
Keywords:
recreational vehicle parks, special assessments, property tax, occupancy rates, commercial assessment, ad valorem, homestead exemption, disabled veteran, veteran surviving spouse, first responder, line of duty, service-connected death, tax exemption transfer, remarriage, primary residence, Florida Statutes 196.081, property appraiser, local government revenue, surviving spouse tax relief, alcohol distribution
Summary:
The Committee on Finance and Tax met with a quorum present and heard several bills, most of them focused on tax policy and property-related exemptions. CS/SB 118 clarified how non-ad valorem special assessments apply to recreational vehicle parks, and an amendment removed a requirement that local governments consider RV park occupancy rates when apportioning assessments. The bill was supported by a Florida Retail Federation representative and was reported favorably.
The committee also reported favorably on SB 1520, which modifies Live Local Act property tax exemption provisions by extending the vesting period for the missing middle exemption and expanding the data used for local government opt-outs; SB 678, which reestablishes the framework allowing distributors to deduct unsellable alcohol from monthly excise tax; and CS/SB 680, which creates a sales tax exemption to address double taxation on electricity used at EV charging stations. Each of these bills had support from industry or trade groups, and CS/SB 680 drew comments from Senator Gaetz praising the bill as a solution to prior tax collection confusion.
The committee then approved CS/SB 450, which updates property tax exemption rules for surviving spouses of permanently and totally disabled veterans by allowing transfer of a larger portion of the exemption to a new homestead; an amendment raised the transferable amount to up to 120% of the prior exemption. The final bill, CS/SB 1074, was amended to establish uniform rules for rounding cash transactions to the nearest nickel in light of the Federal Reserve’s suspension of penny distribution, while preserving tax calculations and providing liability protections; it also included safeguards for pawn and recycling transactions. All bills considered were reported favorably, Senator Gaetz asked to be recorded as voting yes on all bills, and the committee adjourned without objection.
FL
Transcript Highlights:
- Without exact change, retailers will have no choice but to round to the nearest nickel for cash customers
- If sales end in three to four cents, round up to a nickel.
- cents, round up to a dime.
- The rounding outlined in this bill only applies to cash transactions, not to electronic transactions.
- Sales tax is calculated before rounding, and rounding does not increase or decrease the tax owed.
Keywords:
special districts, funding, financial assistance, rural community, state agency, economic development, artificial intelligence, personal data protection, consumer rights, chatbot, deceptive practices, government contracts, public records, consumer protection, data privacy, investigations, proprietary information, chatbots, Florida statutes, nonprofit
Summary:
The Committee on Commerce and Tourism heard and advanced several bills focused on economic development, consumer protection, workforce issues, and technology. SB 1076 would raise Florida’s research and development tax credit cap from $9 million to $50 million beginning with the 2027 allocation, and it was reported favorably. SB 1266, as amended, creates a cybersecurity experiential internship and clearance-readiness program with Cyber Florida and was also reported favorably. SB 554, a Florida Bar-backed update to the not-for-profit corporations statute, was approved without opposition. SB 1004, aimed at protecting buyers of dogs and cats from deceptive sales practices and predatory financing at retail pet stores, received supportive testimony from animal welfare advocates and was reported favorably. SB 1074, which sets rounding rules for cash transactions if pennies are unavailable, also passed favorably.
The committee also considered SB 998, the Department of Commerce package, which combines updates to the Small Cities CDBG program, clarification of rural community eligibility, an exemption from a reverter clause for military-related land conveyances, and revisions to E-Verify enforcement. The E-Verify portion drew the most debate, with questions about employer cure periods, treatment of current investigations, and whether the bill creates a loophole for independent contractors. Senator Smith opposed the bill, arguing it creates unequal enforcement between employers and immigrant workers, while Senator Wright supported the military-related provisions. SB 998 was reported favorably on a divided vote.
SB 214, which expands the rural community definition to include special districts in rural counties, was reported favorably. The committee then took up SB 482, an artificial intelligence consumer-protection bill that creates an “AI bill of rights” covering companion chatbots, parental controls for minors, data privacy, de-identified data, unauthorized use of likeness, and enforcement by the Attorney General, with a limited private cause of action for minors. The bill drew extensive testimony both in support and in opposition, including concerns about privacy, age verification, and enforcement, but it was reported favorably. Finally, the committee approved SPB 7030, a public-records exemption tied to Department of Legal Affairs investigations under the AI bill, and adjourned after members requested to be recorded on certain votes.
OK
Oklahoma 2026 Regular Session
General Government REVISED: Links added Feb 3rd, 2026 at 01:30 pm
General Government
Transcript Highlights:
- What you have before you hear House Bill 3075 is creating a penny rounding rule for cash Transactions
- You've all experienced this as you've gone to the cash register and seen the signs that say we round
- cash transactions using standard mathematical rounding to the nearest nickel.
- Here, the rounding rule, if the Pennies on two cents or 1 cent, it rounds down.
- So, 4.7% of all transactions were cash transactions.
Keywords:
purchasing, compliance, state employees, longevity pay, contract management, unclaimed property, service charges, property fund, accountability, government transparency, local development, economic impact, voter approval, tax increment financing, review committee, public finance, blight, salary increase, bonus limits, job performance
FL
Transcript Highlights:
- The bill establishes clear, uniform rules for rounding cash transactions to the nearest nickel while
- The bill also makes clear that rounding applies only to cash, not electronic or card payments, and provides
- And then again, that one-time cash benefit for that one-year period is for the $75,000 death benefit.
- And then again, that one-time cash benefit for that one-year period is for the $75,000 death benefit.
- This amendment clarifies our intent that firefighters only receive a one-time cash benefit in the law
Bills:
S2500, S2502, S2504, S7028, S2506, S2508, S2510, S2512, S2514, S2516, S2518, S0482, S0678, S0984, S1016, S1074, S1706, S7030
Keywords:
budget, appropriation, education funding, healthcare, environmental protection, infrastructure, local government, Appropriations Act, funding, education, rural development, economic assistance, collective bargaining, state employees, labor relations, impasse resolution, negotiations, retirement, elected officials, Deferred Retirement Option Program
Summary:
The committee heard presentations on the Senate’s proposed 2026-2027 budget, SPB 2500, with chairs outlining major spending in K-12 education, higher education, health and human services, criminal and civil justice, transportation/tourism/economic development, and agriculture/environment/general government. Highlights included a $115 billion overall budget, pay raises for state employees and public safety workers, major K-12 funding increases and enrollment supplements, higher education workforce and nursing investments, expanded Medicaid/KidCare and behavioral health funding, corrections and law enforcement operational funding, transportation and housing investments, and significant environmental and water quality spending. Members asked about civic education funding, declining enrollment, professor retention, APD waiver waitlists, cultural grant allocations, and other line items. Public testimony also addressed HIV/AIDS drug assistance funding and prison air conditioning. SPB 2500 was adopted as a committee bill after amendment consideration and a roll call vote.
The committee then took up implementing and related budget bills, including SPB 2502 (implementing the General Appropriations Act), SPB 2504 (state employee bargaining placeholder), SB 7028 (Florida Retirement System contribution rates and related retirement changes), SPB 2506 (fuel tax distributions), SPB 2508 (state agency law enforcement radio system surcharge), SPB 2510 (termination of an unused court trust fund), SPB 2512 (new judgeships), SPB 2514 (K-12 conforming changes), SPB 2516 (higher education conforming changes), and SPB 2518 (health conforming changes). Most were explained as technical or conforming measures tied to the budget, and all were reported favorably as committee bills, with SB 7028 amended to direct a portion of increased contributions to disability and line-of-duty death benefits in the FRS investment plan.
The committee also heard and passed several member bills, including CS for SB 1074 on rounding rules for cash transactions in a world without pennies, CS for SB 678 restoring the alcohol loss deduction framework for distributors, and SB 964 on firefighter cancer benefits and prevention. SB 964 drew the most discussion, with questions about the one-year death-benefit window, the separate $25,000 cancer diagnosis payment, and whether the bill could create gaps in coverage for firefighters diagnosed or dying just outside the new time limits. Firefighter representatives testified in support, saying the bill would provide clearer protections for members and families. All of these measures were reported favorably.
MN
Minnesota 2025-2026 Regular Session
State Committee Meeting - 2026-04-09
State Government Finance and Policy
Transcript Highlights:
- This section authorizes agencies to round cash transactions.
- Retailers and other private entities have implemented rounding rules for cash transactions on an individual
- This proposal would authorize agencies to round cash transactions as provided by the framework in the
- As the bill makes clear, rounding would be applied only to cash transactions and not other forms of payment
- The bill also requires that rounding policies be posted at locations where the cash transactions occur
Keywords:
Central and Eastern European Affairs, ethnic council, advisory council, Minnesota state government, immigrant communities, refugees, humanitarian parolees, Ukraine, Poland, Croatia, Hungary, Moldova, Romania, Serbia, Czech Republic, Baltic states, Slovakia, Slovenia, Kosovo, Russia
Summary:
The committee first approved the April 7, 2026 minutes and then held an informal hearing on House File 4364, which would establish a Central and Eastern European Ethnic Council in Minnesota. Representative Jordan and testifiers Mykola Mager and Julia Miller described the large Central and Eastern European community in Minnesota, its contributions to the state, and the need for a formal advisory body to help address barriers to government services, support refugees, workforce development, entrepreneurship, and cultural understanding. Members expressed general support and noted the bill’s importance, but no formal action was taken on the bill during the hearing.
The committee then took up House File 4543, a bill to create a centralized payroll reporting portal for prevailing wage projects. Representative Frazier said the bill would reduce administrative burden on project owners, improve transparency and accountability, and help prevent wage theft, misclassification, tax fraud, and insurance fraud. Testifiers from county, city, and contractor groups largely supported the idea of streamlining reporting, but contractor representatives raised concerns about employee data privacy, public access to sensitive payroll information, duplication of existing systems, interoperability with contractor software, and the need for stakeholder engagement. Members echoed both support and caution, and the bill was laid over as amended rather than advanced.
Finally, the committee considered House File 4821, described by Chair Klevorn as addressing the “penny problem” and a related change to high-deductible insurance plans. The bill would authorize state agencies to round cash transactions because of the penny shortage and would change MMB’s obligation to offer certain high-deductible health plans from “must” to “may,” producing modest administrative savings. Members questioned the drafting of the rounding language and asked about cash transactions at state agencies and the handling of cannabis tax payments. The chair noted the bill had missed the deadline and would be caught by the chief clerk’s office; the discussion ended with the bill being laid over as amended.
MN
Minnesota 2025-2026 Regular Session
House State Government Finance and Policy Committee 3/24/26
State Government Finance and Policy
Transcript Highlights:
- we've grown to an operation of a few hundred people during the snow season and employ 150 people year-round
- we've grown to an operation of a few hundred people during the snow season and employ 150 people year-round
- we've grown to an operation of a few hundred people during the snow season and employ 150 people year-round
Keywords:
Inspector General, fraud prevention, state audit, public funds, misuse, transparency, government accountability, HF4482, Minnesota Historical Society, state historic sites, historic site management, historic preservation, county historical society, local historical society, municipality, county government, admission fees, grants-in-aid, site operations, site maintenance
OK
Transcript Highlights:
- Members before you is House Bill 3075, which creates a penny rounding rule for cash transactions.
- I'm sure you've seen the signs at cash registers and this sort of thing.
- cash transactions using standard mathematical rounding to the nearest nickel.
- Do I have to round? Chairman Dempsey, would you care to vote?
- Okay, we have completed the question round for this bill.
Keywords:
retirement, public employees, deferred option plan, service credit, contributions, distributions, credit card transactions, payment methods, service charge, consumer rights, financial regulation, rounding, cash payments, public finance, Oklahoma Common Cents Act, political subdivision, science and technology, research, board appointments, emergency legislation
FL
Florida 2026 Regular Session
Children, Families, and Elder Affairs Feb 3rd, 2026
Children, Families, and Elder Affairs
Transcript Highlights:
- We will take up temporary cash assistance eligibility by Senator Bracey Davis.
Keywords:
dependent children, child welfare, cash allowance, caregivers, community organizations, empowerment, foster care, out-of-home care, temporary cash assistance, eligibility, drug trafficking, human trafficking, Florida statutes
Summary:
The Committee on Children, Families, and Elder Affairs heard and advanced four bills. CS/SB 1690, on early childhood education, was amended with a delete-all amendment that required public posting of child care inspection reports and data on child deaths, injuries, and substantiated abuse; changed certain notice and insurance provisions for family and large family child care homes; created the Florida Endowment for Early Learning; and made related definitional changes. The amendment was adopted and the committee reported the bill favorably. SB 1022, on children’s initiatives, would add two new Florida Children’s Initiatives in Bay County and Pompano in Broward County; the sponsor described the program as a community-based service network model, and the bill was reported favorably without opposition.
SB 996, on dependent children, would require DCF and community-based care lead agencies to coordinate and regularly meet with organizations focused on people with lived experience in the child welfare system, and to publish how suggestions are implemented. Several young adults with foster care experience testified in support, emphasizing the importance of youth voice, normalcy, and teaching financial responsibility through allowance. The bill was reported favorably after supportive debate.
The committee also considered CS/SB 1462, on temporary cash assistance eligibility, after adopting an amendment that narrowed a SNAP eligibility carve-out to people who were victims of human trafficking at the time of a drug conviction. The sponsor said the bill was intended to remove barriers to reunification and redemption. After supportive testimony and no opposition, the committee reported the bill favorably. The meeting then adjourned.
OK
Keywords:
education funding, linked deposits, education infrastructure, charter schools, nonprofit organizations, Oklahoma Education Infrastructure Program, rounding, cash payments, public finance, Oklahoma Common Cents Act, political subdivision, youth entrepreneurship, tax exemption, small business, income tax, Oklahoma Youth Entrepreneurs Promotion and Development Act, HB3661, Oklahoma sales tax, sales tax exemption, revenue and taxation
KY
Kentucky 2026 Regular Session
Public Pensions Oversight Board (4-24-23)
Keywords:
KY LRC YouTube, https://www.youtube.com/watch?v=dk8pg0icLIk, 2026-06-21T07:17:04+00:00, 2.2.24, Data collected via generic collector engine, Meeting Start: 00:00:00
Attendance Roll Call: 00:00:09
Investment, Cash Flow, Legislative, and Actuarial Update (JFRS): 00:01:38
Investment, Cash Flow, Legislative, and Actuarial Update (KPPA): 00:23:22
Investment, Cash Flow, Legislative, and Actuarial Update (TRS): 01:05:18
Adjournment: 01:27:30, 958, all, 2.2.42, 2.1.47
AL
Alabama 2025 Regular Session
Alabama House Financial Services Committee Apr 9th, 2025
Financial Services
Transcript Highlights:
- They would be responsible if they're sending cash without a cash app, without PayPal, or without Venmo
- Without PayPal, without Venmo, without any cash app.
- I'm going to have to pay that 4% if I use cash. No matter how I... use cash.
- You know, one of my concerns is if it's cash or if it's any other method, I... cash or if it's any other
- Um, that's 250 million cash dollars we're saying, leaving cash international wire transfers from our
Bills:
HB297
AL
Alabama 2025 Regular Session
Alabama House Financial Services Committee Apr 23rd, 2025
Financial Services
Transcript Highlights:
- I know a lot of the concerns that we had were around the 4% per international cash transaction.
- In summary, um, on line 87-88, it talks about the suspicious cash transactions of 2,000 or more. cash
- money transmitters for records and we've asked them to provide very specific information, such as a cash
- This is just for wire transfers, this cash. You want to clarify that? So, it doesn't change that.
MN
Minnesota 2025-2026 Regular Session
House Agriculture Finance and Policy Committee 2/24/25
Agriculture Finance and Policy
Transcript Highlights:
- Even though this was a new program and the review period covered the first round of grants we awarded
- Used to more looking at depreciation schedules for business, and depreciation is a non-cash expense,
- I agree, usually depreciation is not a cash transaction, but in our case for our lease fund it is.
- <00:59:10.920>
transaction <00:59:11.640>for is actually a cash transaction for is - <00:59:21.240>
transaction depreciation is not a cash transaction depreciation is not a cash
Bills:
HF1063
Keywords:
grain buyers, grain dealer, grain elevator, agriculture, financial reporting, audit, CPA review, independent accountant, financial statement, balance sheet, cash flow, nonpublic data, licensee oversight, Minnesota Department of Agriculture, grain purchase volume, insolvency, nonpayment, warehouse chain, fiduciary duties, producer protection
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 2 Feb 3rd, 2026 at 09:30 am
Oklahoma House Floor Meeting
Transcript Highlights:
- Could you give them a round of applause, please? Round of applause, please.
- Let's give him a big round of applause.
- Let's give her a big round of applause.
- Let's give Hayley a round of applause. Give Hayley a round, please.
- Here we go, let's give Sutton a round of applause. Sutton a round of applause.
Bills:
HB3725, HB3260, HB3660, HB3369, HB3370, HB2937, HB3419, HB3264, HB3266, HB3267, HB3268, HB3310, HB4311, HB3841, HB3024, HB3075
Keywords:
labor, e-verification, immigration, employers, employment eligibility, Department of Labor, penalties, funeral licensing, continuing education, Oklahoma Funeral Directors Association, professional development, licensing requirements, HB3660, natural organic reduction, human composting, soil reduction, green burial, funeral services, cremation, burial permit
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 1 Feb 2nd, 2026 at 12:00 pm
Oklahoma House Floor Meeting
Transcript Highlights:
- Members, guests, friends, let's give a big round of applause for our Lieutenant Governor Matt Tunnell
- Today, with your partnership, we have shattered records, holding the largest cash reserves in state history
Bills:
HB3725, HB3260, HB3660, HB3369, HB3370, HB2937, HB3419, HB3264, HB3266, HB3267, HB3268, HB3310, HB4311, HB3841, HB3024, HB3075
Keywords:
labor, e-verification, immigration, employers, employment eligibility, Department of Labor, penalties, funeral licensing, continuing education, Oklahoma Funeral Directors Association, professional development, licensing requirements, HB3660, natural organic reduction, human composting, soil reduction, green burial, funeral services, cremation, burial permit
AZ
Arizona 2026 Regular Session
02/11/2026 - Senate Regulatory Affairs and Government Efficiency
Regulatory Affairs and Government Efficiency
Transcript Highlights:
- The Swedish rounding applies to the final total transaction amount of cash after taxes, fees, and other
- method other than Swedish rounding.
- Senate Bill 1108 provides a practical, uniform framework for how cash transactions may be rounded when
- Senate Bill 1108 provides a practical uniform framework for how cash transactions may be rounded when
- I'm not able. for how cash transactions may be rounded when exact change is unavailable while ensuring
Bills:
SB1108, SB1205, SB1241, SB1286, SB1366, SB1431, SB1473, SB1477, SB1478, SB1479, SB1492, SB1517, SB1563, SB1586, SB1665, SB1671
Keywords:
cash transactions, mandatory rounding, swedish rounding, public notice, Arizona Revised Statutes, motor vehicle booting, private property, fees, dispute process, regulations, SB1241, private permitting provider, private permit, private certificate of completion, building permit, building plan review, inspection, single-trade residential construction, residential construction, municipal permitting