Bill > HB1048

This bill requires businesses and government entities in South Dakota to accept cash as a valid payment method under specific circumstances. In most in-person transactions where the seller or an employee is physically present, businesses would be required to accept cash payments if the customer chooses to pay with physical currency or coins. The bill also mandates that state and local government agencies accept cash payments for fees when submitted in person. However, there are important exceptions to this requirement: financial institutions are exempt, as are transactions involving security deposits or payments on airplanes. The bill defines "cash" specifically as physical coin, currency, or notes designated as legal tender by federal law. This legislation appears aimed at protecting consumers' ability to use cash as a payment method and preventing businesses from becoming completely cashless, which can potentially disadvantage individuals without access to electronic payment methods.

Business and Industry

https://sdlegislature.gov/#/Session/Bill/25496