Local agency: payment: rounding amount.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Enrolled
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill allows local agencies in California to round cash payments to the nearest five cents ($0.05). Local agencies must adopt a resolution by a majority vote to implement this change. The bill was introduced due to concerns about the potential discontinuation of U.S. pennies and the resulting challenges for local government agencies in processing cash transactions.
Key provisions
- Local agencies can round cash payments to the nearest $0.05.
- The rounding applies to payments made wholly or partly in cash, as well as refunds.
- Local agencies must adopt a resolution by majority vote to implement the rounding.
- The bill defines key terms related to local agencies and payments.
- The bill declares an urgency, allowing it to take effect immediately.
Who is affected
- Local government agencies
- Tax collection offices
- Residents paying fees or taxes
Notable changes
- Allows for rounding of cash payments.
- Addresses potential challenges related to the discontinuation of U.S. pennies.
Bill text
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