Michigan Lawmaker Proposes Rounding Prices After Penny Elimination

A Michigan state legislator has introduced a new bill. The bill calls for rounding transaction totals to the nearest cent. It is intended to address the anticipated removal of the penny from circulation. The proposal would affect cash purchases that currently require pennies. Lawmakers are set to review the measure in upcoming sessions. The legislation outlines how merchants should apply rounding. The plan includes guidelines for retailers on rounding methods. If enacted, the rounding system would become part of Michigan’s pricing rules.