Finance and Administration, Dept. of - As introduced, requires the department to promulgate rules relating to cash transaction rounding. - Amends TCA Title 47, Chapter 18 and Title 67.
HB 2492 requires Tennessee's Department of Finance and Administration to create rules governing how businesses round cash transactions to the nearest five cents ($0.05). The rules must prevent practices that systematically favor sellers, mandate clear itemization on receipts showing subtotals, rounding adjustments, and final totals, and follow standard administrative procedures. This directly affects businesses handling cash payments, such as retailers and service providers, by changing how they process and display rounded transactions. The bill takes effect upon becoming law, with implementation using existing department resources.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2026
Last action Feb 5, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
2
Feb 5, 2026
Committee
P2C, ref. to Commerce Committee - Government Operations for Review - Finance, Ways & Means Committee
lower
Feb 5, 2026
Committee
Assigned to s/c Banking & Consumer Affairs Subcommittee
lower
Feb 4, 2026
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jason Powell
DDemocratic
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