{"id":302,"date":"2026-05-12T23:35:25","date_gmt":"2026-05-12T23:35:25","guid":{"rendered":"https:\/\/tampamovingjournal.com\/?p=302"},"modified":"2026-05-12T23:35:25","modified_gmt":"2026-05-12T23:35:25","slug":"florida-begins-phasing-out-pennies-cash-purchases-now-rounded-to-nearest-nickel-2","status":"publish","type":"post","link":"https:\/\/tampamovingjournal.com\/?p=302","title":{"rendered":"Florida begins phasing out pennies, cash purchases now rounded to nearest nickel"},"content":{"rendered":"

TAMPA, Fla.<\/strong> – <\/span>Pinching pennies are no longer a thing in Florida as they are being phased out of circulation.<\/p>

Read more Florida special session: House, Senate and DeSantis billions apart on spending plan as budget deadline nears<\/a><\/p>

The backstory:<\/p>

Governor Ron DeSantis signed a bill that allows businesses to round up or down to the nearest nickel when you pay.\u00a0<\/p>

<\/div>

For totals ending in 1, 2, 6 or 7 cents in change round down, while totals ending in 3, 4, 8 or 9 cents round up to the nearest nickel.<\/p>

\n
\"\"<\/figure>\n <\/div>

This comes after the U.S. Mint halted penny production last year, because they cost more to produce than what they\u2019re actually worth.<\/p>

Read more Lithia 18-year-old could become youngest certified air traffic controller in the US<\/a><\/p>

What they’re saying:<\/p>

Abigail Hall, Associate Professor of Economics at the University of Tampa, says this change could impact how people pay.<\/p>

“Cash consumers tend toward people of lower incomes. There is some concern here about inequality because for cash transactions, they’re subject to this rounding procedure,” Hall said.<\/p>

READ: <\/strong>Hillsborough County launches mobile office for tax collector services<\/strong><\/p>

This does not impact how sales tax is calculated or affect official sales prices. The rounding also does not apply to people paying for items with credit cards.<\/p>

Read more Tampa leaders, WWE star Titus O\u2019Neil promote alternative event for young people amid \u2018teen takeover\u2019 trend<\/a><\/p>

Eliminating the penny will save the U.S. Treasury $56 million annually.<\/p> <\/div>","protected":false},"excerpt":{"rendered":"

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