THE BILL ITSELF
CS/SB 1074
One-cent Piece
ENROLLED
2026
Legislature CS for SB 1074 20261074er
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An act relating to the one-cent piece; amending s.
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212.12, F.S.; defining the term “cash”; authorizing
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dealers to round to the nearest nickel in certain
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circumstances; specifying the methodology for such
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rounding; providing applicability and construction;
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amending s. 501.212, F.S.; providing that rounding to
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the nearest nickel is not a deceptive and unfair trade
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practice in certain circumstances; amending s.
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538.235, F.S.; requiring that certain cash payments be
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made in the full amount due or rounded in a specified
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manner in certain circumstances; providing an
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effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Paragraph (c) is added to subsection (10) of
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section 212.12, Florida Statutes, to read:
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212.12 Dealer’s credit for collecting tax; penalties for
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noncompliance; powers of Department of Revenue in dealing with
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delinquents; rounding; records required.—
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(10)
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(c)1. For purposes of this paragraph, the term “cash” has
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the same meaning as defined in 12 U.S.C. s. 4001.
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2. If the 1-cent piece is no longer in production, an in
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person cash transaction may be rounded to the nearest nickel
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using the following methodology:
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a. If the final digit of a cash transaction ends in 1 or 2
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cents, it must be rounded down to zero.
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b. If the final digit of a cash transaction ends in 3 or 4
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cents, it must be rounded up to 5 cents.
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c. If the final digit of a cash transaction ends in 6 or 7
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cents, it must be rounded down to 5 cents.
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d. If the final digit of a cash transaction ends in 8 or 9
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cents, it must be rounded up to 10 cents.
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e. Cash transactions ending in 0 or 5 cents are not
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rounded.
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3. Rounding to the nickel applies only to cash
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transactions. Rounding to the nickel does not apply to any
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transaction for which payment is made by a noncash method,
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including electronic funds transfer; check; gift card; money
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order; credit card; or mixed tender, except to the extent that
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cash is dispersed to the purchaser.
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4. Rounding to the nickel does not alter the sales price,
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the amount of tax collected under this chapter, or any
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surcharges, assessments, or fees imposed on the sale.
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5. Rounding to the nickel may apply to the amount of the
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transaction or to the amount of change tendered to the
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purchaser.
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6. Rounding to the nickel does not alter or affect the
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exact amounts authorized, cleared, or settled through any
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noncash payment system or electronic transaction.
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Section 2. Subsection (8) is added to section 501.212,
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Florida Statutes, to read:
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501.212 Application.—This part does not apply to:
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(8) Rounding a consumer sale to the nickel if the 1-cent
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piece is no longer in production.
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Section 3. Present subsections (2) and (3) of section
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538.235, Florida Statutes, are redesignated as subsections (3)
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and (4), respectively, and a new subsection (2) is added to that
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section, to read:
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538.235 Method of payment.—
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(2) Any cash payment made to a seller under this section
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shall be made in the full amount due or rounded up to the
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nearest nickel if the 1-cent piece is no longer in production.
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Section 4. This act shall take effect upon becoming a law.