This legislation provides a clear and practical approach for businesses, government agencies, and consumers as the U.S. Treasury discontinues production of pennies. HB 2938 adopts a rounding method that has been proven effective by rounding to the nearest nickel only when exact change cannot be given and only for cash transactions. Importantly, the rounding method is applied after all taxes have been properly calculated, preserving tax integrity and ensuring transparency at the point of sale.

Arizona’s continued economic growth depends on modern infrastructure that can support large-scale manufacturing investment and the jobs that come with it. HB 4026 updates the state’s reimbursement structure for public infrastructure improvements tied to manufacturing facilities by setting a $75 million annual cap on total state transaction privilege tax revenues distributed to cities, towns, and counties. This legislation creates greater predictability and accountability in the reimbursement process while continuing to support infrastructure investments that strengthen Arizona’s manufacturing base, attract capital, and promote long-term economic growth.

The Chamber remained actively engaged in opposing mandate-driven proposals that would have increased costs, reduced operational flexibility, and made it more difficult for employers to grow and invest in Arizona. Throughout the session, the Chamber worked to push back on legislation that would have imposed unnecessary burdens on businesses, disrupted day-to-day operations, and weakened Arizona’s competitive business climate. By advocating against one-size-fits-all requirements and policies that create uncertainty for employers, the Chamber helped protect a more stable, predictable environment for businesses across the state while reinforcing Arizona’s reputation as a place where employers can succeed, expand, and create jobs.