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GA HB996

Bill

Official Source

Status

Introduced

2/11/2016

Primary Sponsor

Dominic Lariccia

Click for details

Origin

House of Representatives

2015-2016 Regular Session

AI Summary

  • Adds cash as a permissible payment method for secondary metals recyclers purchasing regulated metal property, alongside the existing options of check, electronic funds transfer, or voucher
  • Caps cash payments at no more than $20.00 per transaction to any individual seller
  • Limits cash transactions to no more than one per seller per calendar day and no more than four per seller per calendar month
  • Requires recyclers to provide sellers with documentation for each cash transaction showing the amount paid and the number of cash transactions with that seller during the calendar month, and to retain copies of such documentation
  • Exempts transactions between business entities from these payment restrictions

Legislative Description

Secondary metals recyclers; cash payments for regulated metal property subject to certain limitations and requirements; allow

Last Action

House Second Readers

2/17/2016

Full Bill Text

No bill text available