HB 2388: Rounding to the Nearest Nickel
Overview Resources
Big Concept Resources
- The broader issue is how states handle cash transactions after the penny is phased out.
- https://www.multistate.us/insider/2026/3/30/how-states-are-regulating-price-rounding-after-the-penny-phase-out
Pros
- Simplifies cash transactions and change-making. https://www.wxxinews.org/new-york-public-news-network/2026-06-04/goodbye-pennies-ny-lawmakers-pass-bill-to-round-to-the-nearest-nickel
- Helps retailers cope with penny shortages. https://www.avalara.com/blog/en/north-america/2025/12/no-more-pennies-how-cash-rounding-will-disrupt-sales-tax-compliance.html
- Matches how other states are already handling post-penny rounding. https://www.inquirer.com/business/pennies-rounding-nickel-rules-symmetrical-states-20260313.html
Cons
- May confuse consumers at checkout.
- Could create small rounding losses on some cash purchases.
- Businesses may need to update systems and procedures.
- https://www.fisherphillips.com/en/insights/insights/retailers-are-feeling-the-pinch-of-the-penny-shortage
