PHOENIX (AZFamily) — Gov. Katie Hobbs signed House Bill 2938 Friday, mandating that businesses round to the nearest 5 cents if pennies are not available to complete a transaction.
The Greater Phoenix Chamber, which represents many Valley businesses, applauded the move in a written statement.
“With pennies no longer being produced and federal policy not yet in place, Arizona needed a commonsense solution that keeps everyday transactions running smoothly,” the Greater Phoenix Chamber said. “HB 2938 delivers that clarity—protecting both consumers and businesses while ensuring cash transactions can be completed efficiently.”…