Florida legislation · 2026 Regular Session
Florida S1074: One-cent Piece
Status: Chaptered, May 12, 2026
Defining the term "cash"; authorizing dealers to round to the nearest nickel in certain circumstances; providing that rounding to the nearest nickel is not a deceptive and unfair trade practice in certain circumstances; requiring that certain cash payments be made in the full amount due or rounded in a specified manner in certain circumstances, etc.
What the bill says
An act relating to the one-cent piece; amending s. 212.12, F.S.; defining the term "cash"; authorizing dealers to round to the nearest nickel in certain circumstances; specifying the methodology for such rounding; providing applicability and construction; amending s. 501.212, F.S.; providing that rounding to the nearest nickel is not a deceptive and unfair trade practice in certain circumstances; amending s. 538.235, F.S.; requiring that certain cash payments be made in the full amount due or rounded in a specified manner in certain circumstances; providing an effective date.
From the enrolled text, March 18, 2026:
An act relating to the one-cent piece; amending s. 212.12, F.S.; defining the term "cash"; authorizing dealers to round to the nearest nickel in certain circumstances; specifying the methodology for such rounding; providing applicability and construction; amending s. 501.212, F.S.; providing that rounding to the nearest nickel is not a deceptive and unfair trade practice in certain circumstances; amending s. 538.235, F.S.; requiring that certain cash payments be made in the full amount due or rounded in a specified manner in certain circumstances; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Paragraph (c) is added to subsection (10) of section 212.12, Florida Statutes, to penalties for noncompliance; powers of Department of Revenue in dealing with delinquents; rounding; records required.-- (10) (c)1. For purposes of this paragraph, the term "cash" has the same meaning as defined in 12 U.S.C. s. 4001. 2. If the 1-cent piece is no longer in production, an in person cash transaction may be rounded to the nearest nickel using the following methodology: a. If the final digit of a cash transaction ends in 1 or cents, it must be rounded down to zero. b. If the final digit of a cash transaction ends in 3 or cents, it must be rounded up to 5 cents. c. If …