Video & Transcript Research : 'nearest five cents'
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AL
Alabama 2026 1st Special Session
Alabama Senate Banking and Insurance Committee Apr 1st, 2026
Banking and Insurance
Transcript Highlights:
- Or are you saying if it's 2 cent, it's still rounded up?
- >> We're rounding to the nearest 5 cents, but if it was like 3 or 4 cents, it would go to a nickel if
- <00:04:02.800>
it's up or you saying if it's 2 cent it's up or you saying if it's 2 cent it's - the nearest 5 cents,<00:04:06.560>
but <00:04:06.720>if <00:04:06.840>it <00:04: - cents, but if it was like 3 or 4 cents cents, but if it was like 3 or 4 cents it<00:04:08.360>
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 1st Special Session
Alabama House Financial Services Committee Mar 10th, 2026
Financial Services
Transcript Highlights:
- This final total, after the tax is paid, will be rounded to the nearest 5 cents.
- the tax is paid will be rounded to after the tax is paid will be rounded to the<00:07:35.440>
nearest - <00:07:35.759>
5 <00:07:36.000>cents. - 5 cents.
- If the number ends the nearest 5 cents.
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
OK
Oklahoma 2026 Regular Session
General Government REVISED: Links added Feb 3rd, 2026 at 01:30 pm
General Government
Transcript Highlights:
- Five-figure pay increases and bonuses should not be the norm for any agency.
- Here, the rounding rule, if the Pennies on two cents or 1 cent, it rounds down.
- If it's 3 cents or 4 cents, it rounds up to the nearest nickel. You'll see what that does.
- And the ultimate at the end of the day, the net result is at 21 cent surplus.
- Five people voted for this, so it passes because it's rounding up.
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
TX
Transcript Highlights:
- with only two earthquakes of over magnitude 4.5, but then it started increasing again in 2024 with five
- Although the fee at the time of our 811 participation was only about 75 cents, these do add up, and as
- Each notification costs utility of roughly around $1 150 cents a request. Utility bears that cost.
- Uh, I went back and looked at our stuff from like 10 years ago when we were paying like 95, 90 cents
- before that, I think it was 75 cents.
Bills:
HB206
Keywords:
HB206, school district bonds, bond election, voter approval, Education Code, Chapter 45, Section 45.003, Section 45.0034, Texas schools, school finance, local tax election, bond referendum, school construction, capital improvements, election frequency, five-year waiting period, district bonds, public school funding
TX
Bills:
HB113
Keywords:
HB 113, Texas, Government Code Chapter 1253, general obligation bonds, bond election, voter approval, political subdivision, local government, city bonds, county bonds, school district bonds, capital projects, public finance, bond referendum, ballot measure, five-year waiting period, rejected proposition, election law, municipal finance
FL
Transcript Highlights:
- Let's take up tab five, and let's take up Senate Bill 1074 by our very own Senator Gaetz.
- you senator polsky senators then now we will take up our last bill on the agenda let's take up tab five
- 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 to the nearest nickel while
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
- As the bill indicates, if sales end in one or two cents, round down.
- If sales end in three to four cents, round up to a nickel.
- And then if sales end in six or seven cents, round down to a nickel, and if they end in eight or nine
- cents, round up to a dime.
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
Transcript Highlights:
- So if I'm a credit card provider and I'm charging five and a half... Amount.
- You know, in this, it says three convictions within five years triggers ban authority.
- On the other side, number five is all sideways. It's not stacked so that it's an inch big.
- It caps it at five years.
- It's a maximum of five years. And then you'll get the employer piece.
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
OK
Transcript Highlights:
- House Bill 3661 is Doing away with the sunset on forestry tax exemption, this, when we did this five
- other state or the opportunity of the other state And you know, the panhandle is 34 miles wide, got five
- But I'm concerned about doing $5,000 a year for five years for folks.
- , Howard, Jett Kirt, Manakieieri, Senator Howard, by, sharediers, Chairman Rader, hi, six ay's and five
- nays House Bill 4273, having received six ayes and five nays, is declared to have passed.
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
AZ
Transcript Highlights:
- He would take about five minutes longer than that to say the same thing, yeah. Okay.
- five cents when pennies are not available or are not used by a seller.
- Would you say that this bill would be you giving us your two cents worth? It was right there.
- But I can see Representative Martinez waiting for two cents, like Jack Benny did.
- So same thing: they're waiting three to five years for the federal government to do something instead
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
Summary:
The Commerce Committee heard and advanced five bills. HB 2174, as amended by a strike-everything, redefined “advisory organization” as a modeling and data organization and allowed models used by insurers for rate-making to be filed with DIFI, with DIFI able to require supporting data to verify compliance. The sponsor said the measure was the product of extensive stakeholder negotiations and technical cleanup. The committee adopted the amendment and then approved the bill 10-0 for a due-pass recommendation.
HB 2496 would require revitalization district construction contracts to include payment protections allowing contractors and subcontractors to pause or stop work if the district fails to pay. Supporters argued it was a fairness measure to prevent contractors from being forced to continue work without payment; opponents, including bond counsel and the League of Arizona Cities and Towns, warned it could disrupt public infrastructure projects, misalign incentives, and create bond-financing concerns. The committee passed the bill 9-1 with one member present.
HB 2910 would extend from 10 to 20 days the time a contractor has to contest an ROC recovery fund claim after notice. The sponsor and Home Builders Association said it was a minor, technical change and requested more time to respond to claims. The committee approved it 10-1. HB 2938, the “penny” bill, would require Swedish rounding for cash transactions when pennies are unavailable, with an amendment clarifying taxes and fees are calculated before rounding and protecting businesses complying with the rule. The sponsor described inconsistent business practices and support from stakeholders; the committee adopted the amendment and passed the bill.
HB 2744 would authorize the Industrial Commission of Arizona to investigate and adjudicate overtime wage violations at the state level. Supporters from the carpenters’ unions said federal enforcement is too slow and workers need a faster path to recover earned wages; the Industrial Commission said it would need additional FTEs and spending authority but not general fund money. One member opposed expanding agency authority over private wage disputes, but the committee ultimately passed the bill 10-1 and adjourned.
TX
Keywords:
county platting, subdivision platting, Local Government Code Chapter 232, Section 232.022, Section 232.0014, model subdivision rules, Water Code Section 16.343, Texas county subdivision law, residential subdivision, land conveyance, gift deed, family transfer, consanguinity, affinity, third degree relative, five acres or less, county land use, platting exemption, rural land division, property subdivision
OK
Oklahoma 2026 Regular Session
Children, Youth and Family Services REVISED: Links added Feb 4th, 2026 at 03:00 pm
Children, Youth and Family Services
Transcript Highlights:
- It's like I don't understand about the whole five years Fingerprints blah blah.
- So you have currently the childcare block grant, and they require a five-year background check, including
Keywords:
immigration, public assistance, legal status, food assistance, state benefits, family resource center, community support, employment services, kinship families, social connections, child care, criminal history, background checks, child safety, licensing, Oklahoma laws, advisory committees, daycare, licensed child care facility, child care subsidy
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Consumer Protection and Professional Licensure Jun 21st, 2026 at 01:00 pm
Joint Committee on Consumer Protection and Professional Licensure
Transcript Highlights:
- It means that you would round to the nearest five- or ten-cent intervals to remove the need for the penny
- five- or ten-cent interval.
- So, to the nearest five cents. The nearest five cents, okay.
- If it is six or seven, you would round down to the nearest five, right?
- Every cent matters.
Summary:
The Joint Committee on Consumer Protection and Professional Licensure held a public hearing on two bills: House Bill 5138, concerning consumer protections for cash transactions amid penny scarcity, and House Bill 5036, concerning consumer information related to tariffs. Chairs Tackey Chan and Senator Payano opened the hearing, noted the committee’s one-year anniversary, reviewed procedures, and explained that the Senate and House were both in session, with Senator Payano prepared to take over if needed. The committee heard from several industry and legislative witnesses, and the hearing was eventually closed by motion and voice vote.
Supporters of H. 5138, including Senator Paul Feeney, the Massachusetts Package Stores Association, the Massachusetts Restaurant Association, and the New England Convenience Store and Energy Marketers Association, said the bill would create a clear statewide rounding standard for cash transactions if pennies become scarce. They argued it would improve operational efficiency, reduce confusion, provide legal clarity, and protect businesses and consumers by requiring notice and limiting the rule to cash payments. The Retailers Association of Massachusetts also supported the concept but suggested amendments, including changing mandatory rounding language to allow flexibility and clarifying that taxes and fees would not be affected.
Witnesses were largely opposed to H. 5036. The Retailers Association, the New England Convenience Store and Energy Marketers Association, and the Massachusetts State Auto Dealers Association said tariff-related shelf or price disclosures would be difficult or impossible to implement because tariff costs change frequently and are hard to trace through complex supply chains. Auto dealers emphasized the challenge of calculating tariff impacts across thousands of vehicle parts and models, while retailers said the proposal would add burdens and could increase costs. No votes on the bills were taken during the hearing; the only formal action was adjournment of the hearing after testimony concluded.
TX
Transcript Highlights:
- The time of our 8-1-1 participation was only about 75 cents, these do add up and as a member-owned entity
- There were 23 witnesses, only four were against and five were neutral.
- Rural water utilities have lines that cover three, four, five counties. counties, some of them, for a
- how long does it take you I've heard anything from from our tiniest member saying we need at least five
- I went back and looked at our stuff from like... 10 years ago when we were paying like 95, 90 cents.
Keywords:
pipeline, construction, cash bond, county authority, local government, HB 1285, Railroad Commission of Texas, RRC, drones, unmanned aircraft, UAS, drone inspections, oil and gas, pipeline inspection, surface mining, well sites, tank batteries, disposal wells, injection sites, natural resources
MN
Minnesota 2025-2026 Regular Session
House Human Services Finance and Policy Committee 3/18/26
Human Services Finance and Policy
Transcript Highlights:
- We've confined the bill to five common events that occur in assisted living, and we made notification
- and all the changes in section five and all the changes in section five except<00:53:21.359>
- >
proper <00:55:35.440>relative where that nearest proper relative where that nearest proper - <01:08:08.319>
years back there was a five years back there was a five years disqualification - Section five would explicitly do three things.
Keywords:
assisted living, healthcare, training, unlicensed personnel, resident rights, safety regulations, nursing home, long-term care, guardian, conservator, arbitration, mandatory arbitration, consumer protection, fee increase, rate increase, price hike, private pay, public funds, Medicaid, waiver services
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 9th, 2026 at 08:35 am
House Taxation & Revenue
Transcript Highlights:
- seven cents should be rounded down.
- Sales tax itself should still be calculated by the 5-4 rounding to the nearest cent before the transaction
- And some of these matters go three to five years.
- And some of these matters go three to five years.
- The question about instead of rounding to the nearest penny and rounding to the nearest nickel, when
FL
Florida 2026 4th Special Session
February 11, 2026 - 09:00 AM
Transcript Highlights:
- It's regulated now, unlike it was five to ten years ago.
- five or the nearest zero.
- If it is three, four, six, or seven, you will round to five, the nearest nickel.
- To five, the nearest nickel.
- However, we're putting this in law now so that you would round to the nearest cent, the five cent, or
Summary:
The Insurance and Banking Subcommittee met to hear and vote on several bills, with all measures reported favorably. The first major item was PCS for HB 175 on payment stablecoins, which would create a Florida regulatory framework aligned with the federal GENIUS Act so issuers can choose state regulation instead of federal licensing. Members asked extensive questions about how stablecoins differ from other digital assets, whether Florida would need federal approval, and what impact the bill would have on the Office of Financial Regulation; the sponsor and OFR said the state framework would mirror federal standards and that any workload increase was currently indeterminate. The PCS passed unanimously after testimony from OFR and the Florida Blockchain Business Association in support.
The committee then approved CS for HB 961, which streamlines electronic signature requirements for salvage titles and certificates of destruction, and HB 1415, a DFS stablecoin pilot program allowing certain stablecoins to be used for licensing and regulatory fees. HB 1415 was amended to remove authority for a Florida coin, limit the pilot to established stablecoins with at least $1 billion market cap, and require secure custody through a public depository or custodial bank. Members discussed how any interest or revenue would be used, with sponsors saying the pilot was still exploratory and intended mainly to cover program costs. Both bills passed favorably.
HB 1039, establishing a state cryptocurrency reserve, also passed after a strike-all amendment moved administration of the reserve from the CFO’s office to the State Board of Administration and tightened eligibility to cryptocurrencies with a $100 billion market cap over the prior 12 months. Supporters argued the bill would create a framework for future diversification and investment in established digital assets, while several members raised concerns about volatility, reporting frequency, and the meaning of new terms such as qualified liquidity provider and secure custody solution. The committee also passed CS for HB 951 on penny rounding for cash transactions, with an amendment clarifying cash transaction definitions and treating money orders and gift cards like credit-card transactions for rounding purposes.
CA
California 2025-2026 Regular Session
Assembly Local Government Committee Jun 3rd, 2026
Local Government
Transcript Highlights:
- institutions, which has resulted in the inability of local governments to pay exact change to the last cent
- where they send it through a production process, and the check goes out, which means that those few cents
- 1005 gives local government the authority to determine whether to adopt a system for rounding to the nearest
- five cents.
- The authority to determine whether to adopt a system for rounding to the nearest five cents, and it'll
Summary:
The Assembly Local Government Committee met with an author present and began hearing bills before a quorum was established, emphasizing rules for orderly testimony and public comment. The committee first heard SB 1005, which would authorize local governments to adopt rounding to the nearest five cents for cash transactions if pennies are unavailable, in response to a federal penny phase-out. The author and supporters from county treasurers, cities, special districts, counties, and the League of California Cities argued the bill would provide legal clarity and reduce costs; there was no opposition.
The committee then heard SB 1036, which would require local jurisdictions to credit prior site uses under the Mitigation Fee Act when redevelopment or adaptive reuse projects occur on sites with similar previous uses. The author and supporters from Spur, the California Association of Realtors, AARP, the California Building Industry Association, and others said the bill would prevent duplicative fees and better align charges with new project impacts; no opposition was presented.
The committee also took up a consent calendar including SB 935, SB 1080, SB 1126, SB 1440, SB 1441, SB 1442, and SJR 11, all of which were approved. SB 1005 and SB 1036 were each moved out of committee, and the consent items were also approved, with the roll repeatedly left open for additional members to add on. The hearing concluded after the measures were reported out with unanimous or near-unanimous support as recorded during the add-on votes.
NM
Transcript Highlights:
- They'll do another 3 cents this year and another 3 cents next year, and that moved them a little more
- four cents.
- four cents.
- , ten cents, or more, never go down.
- Monetary Exchange, everybody's rounding up, and a three cents roundup may have to be the way we.
MD
Transcript Highlights:
- cent divisible by five.
- > five.
- to the nearest cent divisible by five. to the nearest cent divisible by five.
- To the nearest nickel.
- To the nearest To the nearest nickel.
Summary:
The Senate convened on March 10, 2026, established a quorum, and began with an invocation by Reverend Damien Flowers, which was journalized without objection. The chamber then recognized several guests and honorees, including Dr. Courtney Glickman for being named 2025 Play Therapist of the Year, Sigma Gamma Rho Sorority, Dr. Sonja B. Santelises for her leadership of Baltimore City Public Schools, students shadowing legislators, Navy Alliance representatives, the Maryland Alliance for Advocacy for Sickle Cell, and Ms. Kimberly Body for her lupus advocacy. The Senate also journalized prior remarks about the 6888 regiment.
The Finance Committee report then moved several bills forward. Senate Bill 348 would allow hospitals and freestanding birthing centers to contact, rather than only call, patients after high-risk pregnancies; its amendments were adopted and the bill was ordered to third reading. Senate Bill 390 on Wicomico County liquor licenses was laid over under the rule. Senate Bill 492, addressing massage therapy advertising and prohibiting misleading sexual-service advertising, was amended and sent to third reading. Senate Bill 562, concerning pharmacist-prescriber agreements for opioid use disorder treatment, was amended and advanced. Senate Bill 773 would let pharmacists order certain vaccines, including intranasal flu vaccines, for self-administration and was advanced without amendment. Senate Bill 53, on Maryland Port Administration land acquisition notice in Anne Arundel County, was amended and advanced. Senate Bill 428 would bar cost-sharing for collaborative care model services under Medicaid and private coverage and was advanced without amendment. Senate Bill 473 would require human trafficking awareness training for for-hire and transportation network drivers; its amendments were adopted and it was sent to third reading. Senate Bill 585 would shift administration of the human relevant research fund from Health to Agriculture and was advanced. Senate Bill 606, the Easy Pass Commuter Fairness and Transparency Act, would require an MDTA report on commuter plans and unused trips; its amendment was moved as the transcript ended.
During debate on Senate Bill 917, which would expand the definition of audiology practice to include certain screenings and non-radiographic imaging, a senator questioned whether the bill would make Maryland the only state restricting a health occupation from performing Medicare-required screenings. The floor leader said the committee had heard that claim in testimony but had not verified it, and the senator moved to special order the bill for amendment, which was granted without objection. Most other bills were reported favorably, with committee amendments adopted without objection and several bills ordered printed for third reading.