An Act providing for rounding of certain payment sums paid by physical legal tender.
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This act, titled the Pennsylvania Common Cents Act, aims to standardize the rounding of payments made with physical legal tender. Specifically, it requires political subdivisions, Commonwealth agencies, municipal authorities, and public utilities to round down amounts ending in 1 cent, 2 cents, 6 cents, or 7 cents to the nearest five cents, and round up amounts ending in 3 cents, 4 cents, 8 cents, or 9 cents to the nearest five cents. Microtransactions of 1, 2, 3, or 4 cents will be rounded up to the nearest nickel. The act excludes payments made through methods other than physical legal tender, such as checks or credit cards.
Key provisions
- Political subdivisions, Commonwealth agencies, municipal authorities, and public utilities must round down payments ending in 1, 2, 6, or 7 cents to the nearest multiple of 5.
- Political subdivisions, Commonwealth agencies, municipal authorities, and public utilities must round up payments ending in 3, 4, 8, or 9 cents to the nearest multiple of 5.
- Microtransactions of 1, 2, 3, or 4 cents must be rounded up to the nearest nickel.
- The act does not apply to payments made using methods other than physical legal tender.
- Definitions of key terms, including ‘Commonwealth agency,’ ‘municipal authority,’ and ‘physical legal tender,’ are provided.
- A section outlines the act’s impact on account crediting.
- The act clarifies that taxes are calculated before rounding.
- A one-year timeframe is established for entities to adopt the new rounding procedures.
Who is affected
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Pn 3542 Html
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
8 on record
Primary sponsor
Nathan Davidson
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours