HB23 Summary

• Reduces the maximum cash transaction limit for copper purchases by secondary metals recyclers from $100 to $10.

• Requires secondary metals recyclers to maintain a copy of government-issued photo identification of the person delivering metal property as part of required transaction records.

• Authorizes civil penalties against secondary metals recyclers: $250 for first violation, $500 for second violation, and license revocation for a third violation within five years.

• Maintains existing cash transaction limits for non-copper metals at $1,000, with payment by check required for amounts exceeding the threshold.

• Becomes effective on the first day of the third month following passage and approval by the Governor.