This bill introduces a new section, 63-3643, to the Idaho Code that establishes guidelines for cash rounding in transactions. It allows sellers to round cash transactions to the nearest multiple of five cents when they cannot settle a transaction to the whole cent using available denominations. Specifically, amounts ending in 1, 2, 6, or 7 will be rounded down, while amounts ending in 3, 4, 8, or 9 will be rounded up. The rounding rules also apply to cash refunds, and taxes will be calculated based on the total sales price before rounding.

Additionally, the bill amends Section 67-2361 to clarify that state agencies must accept cash payments without imposing additional fees. It specifies that any amounts charged or withheld due to cash rounding under the new section will not be considered a fee. The bill declares an emergency, making it effective from July 1, 2026.

Statutes affected:
Bill Text: 67-2361