SB 3255

THE SENATE
S.B. NO.
3255
THIRTY-THIRD LEGISLATURE, 2026
S.D. 1
STATE OF HAWAII
H.D. 2
C.D. 1
A BILL FOR AN ACT
RELATING TO CURRENCY.
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, which has
created a shortage for many businesses in the State.� To protect the ability of businesses in the
State to accept cash payments and make change, rounding to the nearest five
cents should be permissible by law to address this urgent issue.
���� Accordingly,
the purpose of this Act is to enable cash transaction rounding.
���� 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, may
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 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 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 totals one cent or two cents, the transaction shall be rounded up to
five cents.
���� (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.
���� (c)� Notwithstanding section 480-2
or any other law to the contrary, no person may bring a private action to
enforce this section.
���� (d)� Any person who engages in cash
transaction rounding pursuant to this section shall not be subject to section
486‑116.
���� (e)� For the purposes of this
section, "total transaction amount" includes fees, surcharges, and
taxes."
���� 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 July 1,
2026.
Report Title:
Cash
Transactions; Unfair and Deceptive Practices; Rounding; Pennies
Description:
Authorizes cash transactions to be rounded up or down to the
nearest five cents, except for cash transactions that total $0.01 or $0.02,
which are 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.�
Effective 7/1/2026.� (CD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.