This bill amends several sections of Florida Statutes to address the use of the one-cent piece in cash transactions. It defines "cash" in accordance with federal law and allows for rounding cash transactions to the nearest nickel when the one-cent piece is no longer in production. The methodology for rounding is specified: transactions ending in 1 or 2 cents are rounded down to zero, those ending in 3 or 4 cents are rounded up to 5 cents, transactions ending in 6 or 7 cents are rounded down to 5 cents, and those ending in 8 or 9 cents are rounded up to 10 cents. It is important to note that rounding applies only to cash transactions and does not affect the sales price or any taxes or fees associated with the sale.

Additionally, the bill clarifies that rounding to the nearest nickel is not considered a deceptive or unfair trade practice and mandates that cash payments made to sellers must be in the full amount due or rounded to the nearest nickel if the one-cent piece is no longer in circulation. The bill aims to streamline cash transactions and reduce the need for handling one-cent coins, thereby facilitating smoother financial exchanges in the state.