MD Authorizes Cash Transaction Rounding Amid Penny Shortage
Maryland businesses can now round specified cash transactions to the nearest five cents following legislation responding to the growing national penny shortage. The change follows the US Treasury’s November 2025 decision to stop producing new pennies for circulation, creating increasing difficulty for businesses trying to provide exact change during cash transactions. While pennies remain legal tender and continue circulating through the Federal Reserve system, the shortage prompted lawmakers to authorize limited rounding flexibility for merchants…