The bill H.837, titled the "Nickel Rounding for Cash Transactions Act," aims to authorize the rounding of cash transactions to the nearest five-cent increment in situations where one-cent coins are unavailable or impractical. The legislation defines key terms such as "cash," "cash transaction," and "rounding," and outlines the specific rules for rounding amounts due. For instance, amounts ending in $0.01, $0.02, $0.06, or $0.07 will be rounded down, while amounts ending in $0.03, $0.04, $0.08, or $0.09 will be rounded up. The bill also stipulates that any cash refunds must be issued in the exact amount initially paid.

Additionally, the bill specifies exclusions from the rounding policy, including electronic payments, wage payments, and transactions governed by federal law that prohibits rounding. It clarifies that rounding will not be considered an unlawful price increase or unfair practice, and it allows customers to tender exact cash unless notified otherwise. Businesses that choose to round transactions must provide clear notice at the point of sale, and all taxes will be calculated based on the pre-rounding amount. The act is set to take effect on July 1, 2026.