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FL S0106
Bill
Status
Failed
3/8/2024
Primary Sponsor
Appropriations Committee on Agriculture, Environment, and General Government
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AI Summary
- Requires businesses operating at physical locations (fixed, mobile, or temporary) to accept cash payments from in-person customers for any transaction where other forms of payment are accepted
- Allows businesses to comply by providing an on-site cash-to-card kiosk where customers deposit cash and receive a loaded debit card to complete the transaction
- Prohibits businesses from charging fees or placing conditions on accepting cash payments
- Exempts online/phone/mail sales, certain parking facilities, airport/seaport ground transportation, professional services (accountants, attorneys, architects, etc.), transactions over $5,000, cash denominations larger than $20, suspected counterfeit cash, secondary metals recyclers, and continuous service or membership contracts
- Imposes civil penalties assessed by the Department of Agriculture and Consumer Services: up to $2,500 for a first offense, $5,000 for a second offense, and $10,000 for a third or subsequent offense, effective July 1, 2024
Legislative Description
Acceptance of Cash Payments by Businesses
Last Action
Died in Fiscal Policy
3/8/2024
Committee Referrals
Fiscal Policy1/22/2024
Appropriations Subcommittee on Agriculture, Environment, and General Government12/6/2023
Full Bill Text
No bill text available