HB 2346

HOUSE OF REPRESENTATIVES
H.B. NO.
2346
THIRTY-THIRD LEGISLATURE, 2026
STATE OF HAWAII
A BILL FOR AN ACT
RELATING
TO CASH TRANSACTION ROUNDING.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
���� SECTION 1.� The legislature finds that the United States
Treasury has stopped minting the penny for general circulation.
���� Accordingly, the purpose of this Act
is to require that cash transactions be rounded up or down to the nearest five
cents.
���� The legislature notes that a person
who violates the requirements of this Act shall be deemed to have engaged in an
unfair or deceptive act or practice in the conduct of trade or commerce,
pursuant to section 481B-4, Hawaii Revised Statutes, and will be subject to the
penalties established in chapter 480, Hawaii Revised Statutes.
���� SECTION 2.� Chapter 481B, Hawaii Revised Statutes, is
amended by adding a new section to part I to be appropriately designated and to
read as follows:
���� "�481B-   � Cash
transaction rounding.� (a)�
Notwithstanding any law to the contrary, any person selling goods or
services in a cash transaction, entering into any other transaction that
results in a payment or transfer of cash between the parties to the transaction,
or paying cash wages to an employee as compensation, shall round the payment in
the following manner for any person seeking to make payment with legal tender:
���� (1)� In any case in
which the total transaction amount, including any taxes, ends with one cent,
two cents, six cents, or seven cents as the final digit, the amount of cents in
the sum shall be rounded down to the nearest amount divisible by five;
���� (2)� In any case in
which the total transaction amount, including any taxes, ends with three cents,
four cents, eight cents, or nine cents as the final digit, the amount of cents
in the sum shall be rounded up to the nearest amount divisible by five; and
���� (3)� Notwithstanding
paragraph (1) to the contrary, in any case in which the
total transaction amount, including any taxes, totals $0.01 or $0.02, the
transaction shall be rounded up to $0.05.
���� (b)�
Subsection (a) shall not apply to any transaction for which payment is
made by any demand or negotiable instrument, electronic fund transfer, check,
gift card, money order, credit card, or other like instrument or method."
���� SECTION 3.� This Act does not affect rights and duties
that matured, penalties that were incurred, and proceedings that were begun
before its effective date.
���� SECTION 4.� New statutory material is underscored.
���� SECTION 5.� This Act shall take effect on January 1,
2027.
INTRODUCED BY:
_____________________________
Report Title:
Cash
Transactions; Rounding; Pennies; Unfair and Deceptive Practices
Description:
Requires
cash transactions to be rounded up or down to the nearest 5 cents.� Requires cash transactions that total $0.01
or $0.02 to be rounded up to $0.05.�
Exempts transactions in which payment is made by demand or negotiable
instrument, electronic fund transfer, check, gift card, money order, credit
card, or other like instrument or method.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.