Trade: business practices; requirement for rounding down certain cash transactions; provide for. Amends secs. 2 & 7 of 2011 PA 15 (MCL 445.312 & 445.317).

Michigan Senate Bill 1014, introduced on June 3, 2026, proposes that businesses round down the total amount of certain cash transactions to the nearest whole dollar. This means if your total comes to $10.99, you would only pay $10.00 in cash. The bill aims to simplify cash transactions and reduce the need for small change.

Supporters argue that this bill will streamline cash transactions, making them quicker and more convenient for both customers and businesses. It could also reduce the costs associated with handling and counting small denominations of currency.

Critics contend that consistently rounding down transactions could lead to significant revenue losses for businesses over time. They also express concern that this practice might disproportionately benefit cash-paying customers, potentially disadvantaging those who use electronic payment methods.