This bill amends Florida Statutes to address the rounding of cash transactions to the nearest nickel in the absence of the one-cent piece. Specifically, it introduces new provisions in section 212.12, which require dealers to round cash transactions based on specific criteria: 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 also clarifies that rounding does not apply to electronic transactions and only affects the cash portion of mixed-tender transactions. Additionally, the tax due on these transactions must be calculated before rounding.

Furthermore, the bill amends section 501.212 to state that rounding to the nearest nickel is not considered a deceptive or unfair trade practice when the one-cent piece is no longer in production. The legislation aims to provide clear guidelines for dealers and consumers regarding cash transactions and tax calculations, ensuring that the absence of the one-cent piece does not lead to confusion or unfair practices. The act will take effect upon becoming law.