Six States Draft Penny-Rounding Rules as Mint Halts Production, Risking POS Patchwork
With the U.S. Mint ending penny production, Illinois, Ohio, Pennsylvania, New York, Michigan and Indiana are drafting cash-rounding laws to the nearest nickel. NRF and RILA are pushing for federal uniformity, warning multi-state chains face POS reprogramming chaos. Illinois bill mandates consumer-favorable rounding with $500-per-violation fines.
U.S. Mint halted penny production; six U.S. states drafting cash-rounding rules to nearest nickel. NRF and RILA seek federal uniformity, warning multi-state chains face POS reprogramming chaos. Illinois bill mandates consumer-favorable rounding with $500 fines.