This bill proposes to amend the Arizona Revised Statutes by adding a new section, 44-7952, which introduces a method for rounding cash transaction amounts to the nearest five-cent increment when one-cent coins are unavailable. The chapter heading of title 44, chapter 38 will be updated from "BUSINESSES EXEMPT FROM MASK MANDATE" to "BUSINESSES GENERALLY." The bill outlines specific rounding rules based on the last digit of the transaction amount and mandates that sellers post a notice regarding this rounding practice at the point of sale.

Additionally, the bill clarifies that Swedish rounding only applies to cash transactions and not to electronic payments, prohibits sellers from using any rounding method other than Swedish rounding, and establishes enforcement measures by the weights and measures services division of the Arizona Department of Agriculture. It also ensures that the new section aligns with federal law regarding coinage and legal tender, while explicitly stating that it does not invalidate any currency or require acceptance of specific denominations.

Statutes affected:
Introduced Version: 44-7952