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MN HF4298

MN HF4298
Cashless establishments prohibited, civil penalty provided, and administrative rulemaking authorized.


summary

Introduced
02/26/2024
In Committee
02/26/2024
Crossed Over
Passed
Dead
05/20/2024

Introduced Session

93rd Legislature 2023-2024

Bill Summary

A bill for an act relating to consumer protection; prohibiting certain cashless establishments; providing a civil penalty; authorizing administrative rulemaking; proposing coding for new law in Minnesota Statutes, chapter 325F.

AI Summary

This bill prohibits food stores and retail establishments in Minnesota from refusing to accept cash payments from consumers, except for certain limited exceptions. The bill defines key terms like "cash," "consumer commodity," and "retail establishment." It prohibits these businesses from charging higher prices to consumers who pay in cash compared to those who pay with cashless transactions. The bill also requires businesses to provide on-site devices that convert cash into prepaid cards with minimal or no fees. Violations of the bill's provisions can result in civil penalties up to $1,000 for the first violation and $1,500 for each subsequent violation. The bill is set to take effect on January 1, 2025.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduction and first reading, referred to Commerce Finance and Policy (on 02/26/2024)

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