Oklahoma legislation · 2026 Regular Session
Oklahoma HB3075: Public finance; Oklahoma Common Cents Act; cash payments; rounding; effective date.
Status: Signed into law, May 11, 2026
What the bill says
An Act relating to public finance; enacting the Oklahoma Common Cents Act; providing for system of rounding with respect to certain cash payments; prescribing method for rounding; providing for permissive computations; prescribing date for mandatory computations; providing for exclusion of certain transactions; providing for payment of certain shortages; authorizing certain actions by political subdivisions; requiring entities of this state and certain entities to round the price of certain transactions paid with cash; prescribing procedure for rounding…
From the enrolled text, May 4, 2026:
An Act relating to public finance; enacting the Oklahoma Common Cents Act; providing for system of rounding with respect to certain cash payments; prescribing method for rounding; providing for permissive computations; prescribing date for mandatory computations; providing for exclusion of certain transactions; providing for payment of certain shortages; authorizing certain actions by political subdivisions; requiring entities of this state and certain entities to round the price of certain transactions paid with cash; prescribing procedure for rounding; providing for exclusion of certain transactions; providing for noncodification; providing for codification; and providing an effective date. SUBJECT: Public finance SECTION 1. NEW LAW A new section of law not to be codified in the Oklahoma Statutes reads as follows: This act shall be known and may be cited as the "Oklahoma Common Cents Act". SECTION 2. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 9002 of Title 62, unless there is created a duplication in numbering, reads as follows: A. Unless actions by the United States Congress direct otherwise, from the effective date of this act until July 1, 2027, any political subdivision may round final amounts owed to the entity as follows if the payment is made in the form of cash so that an amount ending in: 1. One cent ($0.01) or two …