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FL H0035
Bill
Status
Failed
3/8/2024
Primary Sponsor
Joel Rudman
Click for details
AI Summary
- Requires businesses to accept cash (U.S. coins and currency) for in-person purchases of tangible goods or services when the customer is physically present and the business accepts other forms of payment
- Prohibits businesses from charging fees or placing conditions on cash payments
- Exempts non-in-person sales, municipality-owned parking facilities, parking facilities accepting electronic funds transfer, certain professional services (accountants, architects, attorneys, engineers, etc.), suspected counterfeit cash, denominations larger than $20, and single transactions exceeding $5,000
- Establishes escalating civil penalties: up to $2,500 for a first offense, up to $5,000 for a second offense, and up to $10,000 for a third or subsequent offense, assessed by the Department of Agriculture and Consumer Services
- Effective date of July 1, 2024, 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 Insurance & Banking Subcommittee
3/8/2024
Committee Referrals
Insurance And Banking Subcommittee10/5/2023
Full Bill Text
No bill text available