Bills › 91st General Assembly
Relating to rounding the amount of cents for cash transactions and payments
Sponsored by the Senate Commerce Committee
Topics:Business & economy
Same legislation: SSB 3143
Where it is now
- Done: IntroducedFebruary 10, 2026
- Done: SubcommitteeFebruary 10, 2026
- Done: Senate committeeFebruary 19, 2026
- Done: Passes the SenateFebruary 26, 202644–0
- Done: House committeeMarch 19, 2026
- Stopped: Passes the HouseDied when the General Assembly ended
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to rounding the amount of cents for cash transactions and payments. On November 12, 2025, the United States mint suspended production of the one cent coin (penny) at the direction of the United States secretary of the treasury. The bill applies to a person that sells a good or service in a cash transaction in the state, enters into a transaction that results in a payment or transfer of cash between the parties to the transaction in the state, or pays cash wages to an employee as compensation in the state.
Read the full explanation
If the total amount of the transaction, plus taxes, requires a number of cents ending with one, two, six, or seven, the person may round down the number of cents to the nearest number of cents divisible by five. If the total amount of the transaction, plus taxes, requires a number of cents ending with three, four, eight, or nine, the person may round up the number of cents to the nearest number of cents divisible by five. If the amount of the transaction or payment, plus taxes, totals one or two cents, the person shall round the transaction amount to five cents. The bill does not apply to a transaction or payment made with a demand or negotiable instrument, electronic fund transfer, check, gift card, money order, credit card, or other similar instrument or method.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
House subcommittee
Named March 4, 2026. On March 5, 2026 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
1 written public comment to its subcommittee: February 12, 2026 (1) · on the Legislature’s site
Iowa Code it changes
Creates§554J.1
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
4 for · 0 against · 14 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
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91st General Assembly
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