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Bill > SF4419


MN SF4419

MN SF4419
Cashless establishments prohibition


summary

Introduced
02/29/2024
In Committee
02/29/2024
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 certain retail establishments, including food stores, from refusing to accept cash payments from consumers, with some exceptions. It defines key terms like "cash," "consumer commodity," and "retail establishment." The bill allows retail establishments to refuse cash payments for transactions over $20 or for remote transactions, and requires them to provide a device that allows customers to convert cash into a prepaid card with no fees or minimum deposit. The bill also prohibits charging higher prices for cash payments and imposes civil penalties for violations. The bill is set to take effect on January 1, 2025.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Referred to Commerce and Consumer Protection (on 02/29/2024)

bill text


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