The bill amends Florida Statutes to require dealers to round cash transactions to the nearest nickel when the one-cent piece is no longer in production. Specifically, it introduces new procedures for rounding based on the final digit of the transaction amount: amounts ending in 1 or 2 cents are rounded down to zero, those ending in 3 or 4 cents are rounded up to 5 cents, amounts 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. Transactions that already end in zero or 5 cents will not be rounded. Additionally, rounding will not apply to electronic transactions, and for mixed-tender transactions, it will only affect the cash portion.

Furthermore, the bill clarifies that the tax due on rounded transactions will be calculated based on the original price before rounding, ensuring that rounding does not alter the tax amount owed. It also states that rounding to the nearest nickel is not considered a deceptive or unfair trade practice under certain circumstances. The bill is set to take effect upon becoming law.