Bills › 91st General Assembly
Relating to rounding the amount of cents for cash transactions and payments
Topics:Business & economy
Same legislation: SF 2456
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
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 2456 → Its progress continues under the new number. Go to SF 2456 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 transaction in the state, or pays cash wages to an employee as compensation in the state. 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.
Read the full explanation
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
Senate subcommittee
Named February 10, 2026. On February 12, 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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