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california common cents act signing1 penny rounding bill passage1

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Bloomberg Tax News2

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Technology Topic:Retail Bill:HR 10167 Clear all

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California Sets Rounding Rules for Retailers Post-Penny PhaseoutCalifornia Gov. Gavin Newsom (D) signed Wednesday legislation establishing statewide rules for retailers to round cash transactions to the nearest nickel as businesses adjust to the penny phaseout.

Bloomberg Tax News7d agoWhole story →

Commerce Gavin Newsom HR 10167 california common cents act signing

Penny Rounding Bill Heads to Trump as Retailers See ShortagesLegislation creating a national standard for rounding cash transactions to the nearest nickel won approval in the Senate and now heads to President Donald Trump for his signature.

Bloomberg Tax News9d agoWhole story →

Commerce HR 10167 penny rounding bill passage