The Oklahoma House of Representatives unanimously passed the Common Cents Act, which would allow and later require certain public cash transactions to be rounded to the nearest nickel.
Authored by Rep. Derrick Hildebrant, R-Catoosa, House Bill 3075, would apply only to public payments made in cash, or the portion of a payment made in cash and would not affect private sector transactions. Payments made by check, debit card, credit card or other electronic methods would not be subject to rounding.
'This is a simple, practical solution that reflects how people are already using cash today,' Hildebrant said. 'This idea came directly from a constituent of mine, Rogers County Treasurer Jason Carini, who recognized the need for clear statutory authority allowing state agencies and political subdivisions to round cash transactions following the discontinuation of the penny. I appreciate my colleagues for their unanimous support in moving this forward.'
