The proposed bill, H.B. No. 2025-2026, seeks to enact a new section, 9.18, in the Revised Code of Ohio, which mandates that cash payments made to the state and local governments be rounded to the nearest nickel. The bill defines key terms such as "political subdivision" and "final price," and outlines the specific rounding rules based on the second decimal place of the payment amount. For instance, amounts ending in "1" or "2" will be rounded down to the nearest "0," while amounts ending in "8" or "9" will be rounded up to the next "0."

Additionally, the bill provides that merchants who accept cash payments may also round the final price according to the same rules without incurring liability. If the payment involves a transaction subject to a tax, the merchant is required to apply the rounding rules and any adjustments resulting from this rounding will be accounted for in the taxes remitted to the state or political subdivisions, ensuring that the tax allocation reflects the respective rates levied on the transaction.