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 dealers to round cash transactions to the nearest nickel when the one-cent piece is no longer in production. The bill specifies the rounding methodology, which includes rounding down for final digits of 1 or 2 cents, rounding up for 3 or 4 cents, and similar rules for other final digits. It clarifies that this rounding applies only to cash transactions and does not affect the sales price or tax amounts.

Additionally, the bill states that rounding to the nearest nickel is not considered a deceptive trade practice and mandates that cash payments made under certain conditions must be either the full amount due or rounded to the nearest nickel. The bill's provisions aim to simplify cash transactions and ensure clarity in payment methods as the one-cent piece becomes obsolete. The act will take effect upon becoming law.