Business Regulation - Rounding Cash Transactions - Remittance to Comptroller

HB 1512 requires merchants to remit the difference when rounding cash transactions up to the nearest 5 cents to the State Comptroller. It directly affects merchants selling goods or services who round cash payments (e.g., rounding $1.99 to $2.00), excluding transactions where customers explicitly consent to rounding for donation purposes. The Comptroller must distribute all collected revenue to the State’s General Fund. The law takes effect July 1, 2026, and applies only to cash transactions (not gift cards or other payment methods).