This bill proposes several updates to the Arizona Revised Statutes, specifically within title 44, chapter 38. The chapter heading will be changed from "BUSINESSES EXEMPT FROM MASK MANDATE" to "BUSINESSES GENERALLY." A new section, 44-7952, will be added to establish guidelines for cash transactions when one-cent coins are unavailable. The bill introduces "swedish rounding," which requires sellers to round cash transaction totals to the nearest five-cent increment based on specific criteria related to the last digit of the total amount. It also mandates that sellers post a notice informing customers of this rounding practice.

Additionally, the bill clarifies that swedish rounding does not apply to individual item sales or transactions made through non-cash payment methods. It stipulates that sellers must exclusively use swedish rounding and outlines enforcement measures by the weights and measures services division of the Arizona Department of Agriculture. The section is designed to align with federal law regarding coinage and legal tender, ensuring that it does not invalidate any currency or conflict with federal regulations.

Statutes affected:
Introduced Version: 44-7952