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Bill > H0067


FL H0067

FL H0067
Acceptance of Cash Payments by Businesses


summary

Introduced
12/19/2024
In Committee
Crossed Over
Passed
Dead
01/02/2025

Introduced Session

2025 Regular Session

Bill Summary

An act relating to acceptance of cash payments by businesses; creating s. 559.958, F.S.; providing definitions; requiring certain businesses to accept cash payments for certain transactions; prohibiting fees or conditions for such transactions; providing applicability and civil penalties; requiring the Department of Agriculture and Consumer Services to adopt rules; providing an effective date.

AI Summary

This bill creates a new law requiring certain businesses to accept cash payments for in-person transactions where other payment methods are also accepted. The bill defines "cash" as United States legal tender in coins or currency, and "business" as any entity operating from a fixed, mobile, or temporary location. Businesses must accept cash payments for goods and services when the customer is physically present and cannot charge additional fees or impose conditions on cash transactions. The law includes several important exceptions, such as non-in-person sales (like online or telephone transactions), parking facilities, professional service providers, sales involving suspected counterfeit cash, transactions using large bill denominations, and single transactions over $5,000. Businesses that violate this requirement can face escalating civil penalties: $2,500 for a first offense, $5,000 for a second offense, and $10,000 for third or subsequent offenses. The Department of Agriculture and Consumer Services will be responsible for implementing and enforcing these rules, and the law is set to take effect on July 1, 2025. The bill aims to protect consumers' ability to use cash as a payment method and ensure businesses do not discriminate against cash-paying customers.

Sponsors (1)

Last Action

Withdrawn prior to introduction (on 01/02/2025)

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