Bills › 91st General Assembly
Relating to rounding the amount of cents for cash transactions and payments
Sponsored by the Senate Commerce Committee
Topics:Business & economy
Same legislation: SSB 3143
Progress
- IntroducedFebruary 10, 2026
- SubcommitteeFebruary 12, 2026
- CommitteeFebruary 19, 2026
- Passed SenateFebruary 26, 2026 · 44–0
- Passed House—
- Signed—
Became SF 2456 → Its progress continues under the new number. Go to SF 2456 What’s a funnel?
What’s in it
This bill relates to rounding the amount of cents for cash transactions and payments. On November 12, 2025, the United States mint suspended production of the one cent coin (penny) at the direction of the United States secretary of the treasury. The bill applies to a person that sells a good or service in a cash transaction in the state, enters into a transaction that results in a payment or transfer of cash between the parties to the transaction in the state, or pays cash wages to an employee as compensation in the state.
Read the full explanation
If the total amount of the transaction, plus taxes, requires a number of cents ending with one, two, six, or seven, the person may round down the number of cents to the nearest number of cents divisible by five. If the total amount of the transaction, plus taxes, requires a number of cents ending with three, four, eight, or nine, the person may round up the number of cents to the nearest number of cents divisible by five. If the amount of the transaction or payment, plus taxes, totals one or two cents, the person shall round the transaction amount to five cents. The bill does not apply to a transaction or payment made with a demand or negotiable instrument, electronic fund transfer, check, gift card, money order, credit card, or other similar instrument or method.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Amendments · 2
0 adopted · 0 failed · 2 pending. Newest first.
- Pending
- H-8328 · filed April 8, 2026Pending
History
Meetings
- Thursday, March 19 · 10:30 AMCommerce committee · RM 103Official meeting page
- Thursday, March 5 · 8:15 AMCommerce subcommittee · House Lounge 2Official meeting page
- Thursday, February 19 · 3:00 PMCommerce committee · RM 116Official meeting page
- Thursday, February 12 · 12:30 PMCommerce subcommittee · Senate LoungeOfficial meeting page
Votes
Select a floor vote to see how each legislator voted.
Lobbyist declarations
- Casey's General StoresFor
- Community Bankers of IowaFor
- Iowa Grocery Industry AssociationFor
- Maverik, Inc.For
- Cedar Rapids Metro Economic AllianceUndecided
- Des Moines Water WorksUndecided
- FUELIowa (PMCI)Undecided
- ITS, Inc. & SHAZAM, Inc.Undecided
- Iowa Bankers AssociationUndecided
- Iowa Brewers GuildUndecided
- Iowa Credit Union LeagueUndecided
- Iowa Division of BankingUndecided
- Iowa Gaming AssociationUndecided
- Iowa Grocery Industry AssociationUndecided
- Iowa Retail FederationUndecided
- Prairie Meadows Racetrack and CasinoUndecided
- Urbandale Water UtilityUndecided
- Walmart Inc.Undecided
Grouped by organization. Lobbying overview →