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FL S0408
Bill
AI Summary
- Creates section 559.96, F.S. requiring most businesses to accept cash payments for in-person transactions when they accept other forms of payment
- Prohibits businesses from charging fees or placing conditions on cash payment acceptance
- Exempts non-in-person sales, municipal parking facilities, certain professional service providers (accountants, attorneys, engineers, consultants), transactions suspected of counterfeiting, cash denominations over $20, and single transactions exceeding $5,000
- Establishes civil penalties of up to $2,500 for first violation, up to $5,000 for second violation, and up to $10,000 for third or subsequent violations
- Effective July 1, 2022, with the Department of Agriculture and Consumer Services required to adopt implementing rules
Legislative Description
Acceptance of Cash Payments by Businesses
Last Action
Died in Commerce and Tourism
3/14/2022
Committee Referrals
Commerce And Tourism10/13/2021
Full Bill Text
No bill text available