Gov. Katie Hobbs signed House Bill 2938 into law, which is now in effect as of Mar. 17. The new measure addresses the U.S. Mint’s decision to stop producing pennies by mandating that retailers who accept cash but do not have pennies available must round the final total of cash transactions to the nearest five-cent increment.
This process, known as “Swedish rounding,” applies only to cash payments and does not affect credit or debit card, EBT, or other non-cash transactions. Retailers covered by this rule are required to display a notice at the point of sale stating: “Cash transactions are rounded to the nearest five-cent increment pursuant to state law.” Enforcement will be managed by the Arizona Department of Agriculture’s Weights and Measures Services Division.
The rounding method works as follows: totals ending in one or two cents are rounded down; those ending in three or four cents are rounded up; six or seven cents are rounded down; eight or nine cents are rounded up; and amounts already ending in zero or five cents remain unchanged.
The National Federation of Independent Business empowers small business owners in Arizona to influence policy decisions and access resources for community support, according to the official website. The organization also serves as a key advocate for small and independent businesses across the United States, offering legislative updates and resources that support economic policies in Arizona, according to the official website.
Additionally, the National Federation of Independent Business maintains operations across all 50 states with dedicated support for Arizona small businesses, engages in advocacy efforts to shape policies promoting small business interests, provides tools for compliance along with research on economic conditions, and focuses on fostering economic growth for small businesses in Arizona—all according to its official website.
