Video & Transcript Research : 'nickel rounding'

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AL

Alabama 2026 1st Special Session

Alabama Senate Banking and Insurance Committee Apr 1st, 2026

Banking and Insurance

Transcript Highlights:
  • >> We're rounding to the nearest 5 cents, but if it was like 3 or 4 cents, it would go to a nickel if
  • So you're always rounding either up to the next nickel.
  • I'm not sure what we round up 10 votes. I'm not sure what we round up to<00:03:27.480> there.
  • Are you saying that if it's a nickel Are you saying that if it's a nickel it's<00:03:59.200>
  • So you're always rounding either up to the<00:04:17.200> next<00:04:18.280> nickel.
Bills: HB545
AL

Alabama 2026 1st Special Session

Alabama House Financial Services Committee Mar 10th, 2026

Financial Services

Transcript Highlights:
  • However, the production and rounding.
  • 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.
  • <00:07:35.120> to after the tax is paid will be rounded to after the tax is paid will be rounded
  • 4, 8, or 9 and is rounded up, the rounding<00:07:45.680> adjustment<00:07:46.160> again
  • <00:07:46.479> does<00:07:46.720> not rounding adjustment again does not rounding adjustment
Bills: HB545, HB545
FL

Florida 2026 Regular Session

Finance and Tax Feb 12th, 2026

Finance and Tax

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
  • a safeguard for pawn and recycling transactions to ensure that sellers are always paid in full or rounded
  • Transactions to ensure that sellers are always paid in full or rounded up, and that is the bill.
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

Florida 2026 Regular Session

Commerce and Tourism Jan 21st, 2026

Commerce and Tourism

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.
  • 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.
  • Sales tax is calculated before rounding, and rounding does not increase or decrease the tax owed.
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.
FL

Florida 2026 Regular Session

Appropriations Feb 18th, 2026

Appropriations

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
  • adds a safeguard for pawn and recycling transactions to ensure sellers are always paid in full or rounded
  • adds a safeguard for pawn and recycling transactions to ensure sellers are always paid in full or rounded
  • So the answer to your question is $29,400,000, give or take a couple bucks, but we can round it up because
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.
AZ

Arizona 2026 Regular Session

02/10/2026 - House Commerce

Commerce

Transcript Highlights:
  • Chair and members, House Bill 2938 requires a seller to apply Swedish rounding that rounds the total
  • Chairman, I had no idea it was referred to as Swedish rounding.
  • I was giving away and rounding the nickels for the last 30 years, just because, to me, I gain an extra
  • I was giving away and rounding the nickels for the last 30 years, just because, to me, I gain an extra
  • House Bill 2938 provides a practical, uniform framework for how cash transactions may be rounded when
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.
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
  • 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.
  • If it's 3 cents or 4 cents, it rounds up to the nearest nickel. You'll see what that does.
  • Five people voted for this, so it passes because it's rounding up.
MN

Minnesota 2025-2026 Regular Session

State Committee Meeting - 2026-04-09

State Government Finance and Policy

Transcript Highlights:
  • There is no federal regulation on rounding rules. There is no federal regulation on rounding rules.
  • This section authorizes agencies to round cash transactions.
  • You know, I'm familiar with the rounding and rounding down.
  • Now, in line 119, and I can round down.
  • So, now you have to pay a nickel. nickel. nickel. No,<00:41:40.320> I<00:41:40.360> don't.
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
OK

Oklahoma 2026 Regular Session

Government Oversight Feb 24th, 2026 at 10:30 am

Government Oversight

Transcript Highlights:
  • Members before you is House Bill 3075, which creates a penny rounding rule for cash transactions.
  • providing clear statutory authority for all political subdivisions, to include state agencies, to round
  • 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.
AZ

Arizona 2026 Regular Session

02/11/2026 - Senate Regulatory Affairs and Government Efficiency

Regulatory Affairs and Government Efficiency

Transcript Highlights:
  • method other than Swedish rounding.
  • That also prevent people from taking advantage by always rounding up in their favor instead of doing
  • 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
Summary: The Senate Regulatory Affairs and Government Efficiency Committee approved the February 4, 2026 minutes and first considered the reappointment of Troy L. Campbell to the Arizona State Liquor Board. Campbell described his nearly 10 years of service, his role as chair since 2019, and his focus on fairness, public safety, and applying the law consistently. He answered questions about the board’s workload and authority, noting it handles roughly 40 to 50 cases a year and does not issue fines. With no public testimony, the committee voted 6-0 with one not voting to recommend his confirmation to the full Senate. The committee then heard and passed SB 1478, a liquor omnibus bill making technical and policy updates to liquor statutes, including changing “manufacture” to “produce,” allowing rather than requiring cities and towns to levy certain liquor-related taxes or fees, repealing a federal food-safety preemption reference, and clarifying cider’s definition to include products up to 8.5% alcohol by volume. Supporters described it as an annual stakeholder-driven cleanup bill, and the Department of Liquor Licenses and Control testified neutral. The committee adopted the Bolick amendment and then passed the bill as amended. It also passed SB 1108, which creates a Swedish-rounding framework for cash transactions when pennies are unavailable, with signage and enforcement provisions; the Leach amendment removed an individual-item exemption and clarified tax treatment. The Greater Phoenix Chamber supported the bill, and the committee passed it as amended. The committee next approved SB 1205, regulating private-property vehicle booting by prohibiting local bans, setting signage, written permission, rate limits, release rules, and misdemeanor penalties. Supporters said it would provide a more transparent, less costly alternative to towing, while members raised concerns about signage, appeals, and consumer protections. The Bolick amendment made a technical change, and the bill passed as amended. SB 1241, allowing private permitting providers to conduct plan reviews and inspections for single-trade residential projects, drew the most debate: supporters argued it would reduce delays and costs for homeowners and help cities with backlogs, while cities and counties warned about public-safety risks, loss of local control, and liability concerns. After adopting the Payne amendment on immunity, the committee passed the bill 5-2. Finally, the committee passed SB 1366, which creates a Public Property Towing and Impound Practices Study Committee to review fees, standards, insurance, background checks, and related DPS and public-property towing practices. Some members objected that the study committee lacked minority-leader appointments, but supporters said the review was needed before making permanent changes. The committee then began hearing SB 1431, a housing-design bill limiting municipal design standards and restrictions on certain shared features, but the transcript ends before any action on that measure.
NM

New Mexico 2026 Regular Session

House - Taxation and Revenue Feb 9th, 2026 at 08:35 am

House Taxation & Revenue

Transcript Highlights:
  • So a couple of highlights of this bill: one, it allows rounding to the nearest nickel, because, as we
  • There's no need to round the sales tax to an amount divisible by a nickel denomination at the sales tax
  • The rounding method calculation for the transactional amount should be to the nearest nickel, and it
  • The question about instead of rounding to the nearest penny and rounding to the nearest nickel, when
  • So our proposed language is to round up or down to the nearest nickel.
Keywords: 996, all
KY
Transcript Highlights:
  • Passed a nickel in 2018.
  • So my district has three nickels.
  • So my district has three nickels.
  • So my district has three nickels.
  • So my district has three nickels.
Summary: The committee took up several measures related to appropriations and school facilities. House Bill 537 was explained as a technical fix to Kentucky’s opioid abatement settlement framework so the state can accept funds from national bankruptcy settlements under the allocation structure now used by the courts; the bill was supported by the Attorney General’s office and local government groups and received a favorable recommendation. House Joint Resolution 34 authorized release of previously appropriated KCTCS funds for three projects, and members discussed whether KCTCS facilities could be used more broadly for community needs such as public health, workforce, and other services. KCTCS officials said they were open to that idea, and the resolution also received a favorable recommendation. House Joint Resolution 30, concerning the Waters program and release of funds for projects that had remained in design, was adopted by committee substitute and passed favorably. The committee then heard extensive testimony on House Joint Resolution 32, which concerns school facility gap funding for districts with low bonding capacity. The chair and sponsor explained that the General Assembly had previously asked the auditor and Blue & Co. to analyze district data because of disputes over project costs and bonding capacity. Superintendents from Marion County, Augusta Independent, Williamstown, and Walton Verona described their projects and financial constraints. Marion County and Augusta argued that full gap funding is necessary for new school or multipurpose facility projects that cannot be phased in; Augusta emphasized its old building stock, high poverty rate, and the need for a gymnasium/multipurpose space used for school and community functions. Williamstown described a STEM center and field expansion, saying the project would be delayed for years without full funding. Walton Verona described rapid growth, overcrowding, and an intermediate school project that had risen sharply in cost from the original estimate. Members asked questions about the accuracy of cost estimates and the scope of the projects, including why some estimates differed from the auditor’s figures and whether the funding requests covered only parts of larger phased plans. The testimony generally supported full funding for the listed districts, with the districts arguing that the projects are necessary for safe, modern learning environments and that local tax effort has already been substantial. Each of the measures considered during the meeting was reported out favorably, with the chair voting no on the resolutions and bills before the committee.
KY

Kentucky 2026 Regular Session

Interim Joint Committee on Appropriations & Revenue. (7-1-26)

Appropriations & Revenue

Transcript Highlights:
  • we eliminated new nickels. we eliminated new nickels.
  • You know, passing your nickels. I mean, you know, this nickel only gives you so much money.
  • , recallable nickels, general fund.
  • Uh nickels are mentioned a lot. funding. Uh nickels are mentioned a lot.
  • We help determine the nickels.
OK
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.
TX

Texas 89th Regular

Press Conference: Lt. Governor Dan Patrick Dec 9th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • What's Operation Double Nickel? What's revolutionary?
  • So Operation Double Nickel, Double Nickel. was 55.
  • Operation Double Nickel. 65 to 55.
  • It's Operation Double-Nickel.
  • Works in reverse, but going to the double nickel at 55.
Keywords: 1185, senate, all
TX
Transcript Highlights:
  • And We called it Operation Double Nickel. We've kept it secret.
  • What's Operation Double Nickel? What's revolutionary?
  • So Operation Double Nickel. Double nickel is 55. We're going to take the homestead exemption.
  • So again, we have the plan, it's Operation Double Nickel.
  • It works in reverse, but Going to the double nickel.