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Alabama Senate Passes Cash Rounding Bill

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Alabamas Senate approves a bill allowing businesses to round cash transactions to the nearest nickel, simplifying cash handling and alleviating the penny shortage.

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Alabama Senate Passes Cash Rounding Bill

Birmingham News Today | 2 Min News | The Daily News Now!

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Full transcript

Birmingham News Today | 2 Min News | The Daily News Now!Alabama Senate Passes Cash Rounding Bill. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's April 8th, I'm Cory with the story, and this is Birmingham News Today, local news powered by AI, Alabama Senate just greenlit a bill, letting businesses round up or down cash sales to the nearest nickel. Sponsored by State Rep Norman Crow from Tuscaloosa, it applies only to in-person cash deals, skipping cards or digital payments entirely. The rounding rules are straightforward if the sense end in one or two dropped to zero, three or four rounds of to five cents. Six or seven goes down to five, and eight or nine jumps to ten cents, or zero in the next dollar. Retail folks across the state have been driving about the hassle of scraping together pennies for change. With the U.S. men halting penny production last November, cashiers are short on those one-cent coins, making everyday transactions a real headache for. Store owners. Crow says he heard straight from constituents and business owners begging for this fix to standardize how they handle loose change without the penny. Pinch.

The measures sailed through the house back in March, so now it's on Governor Kay Ivey's desk waiting for her signature, which could smooth out cash. Flow for shop statewide real quick.

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