This bill amends several sections of Florida Statutes to allow for the rounding of cash transactions to the nearest nickel when the 1-cent piece is no longer in production. Specifically, it introduces new provisions in section 212.12 that outline the methodology for rounding based on the final digit of the transaction amount. For example, amounts ending in 1 or 2 cents will be rounded down to zero, while amounts ending in 3 or 4 cents will be rounded up to 5 cents. The bill clarifies that this rounding applies only to cash transactions and does not affect the overall sales price or tax amounts.

Additionally, the bill amends section 501.212 to state that rounding to the nearest nickel is not considered a deceptive or unfair trade practice under certain circumstances. It also modifies section 538.235 to require that cash payments be made in full or rounded to the nearest nickel when the 1-cent piece is no longer in circulation. The bill is set to take effect upon becoming law.