✔️ HB554
Require government, private sellers to accept cash as payment
Current Status: In House Committee (General Government)
Summary
The bill requires governmental entities and private sellers to accept cash as payment for transactions totaling five hundred dollars or less. It prohibits charging higher prices for cash payments compared to other payment methods. Exceptions include transactions at airports.
Rationale
The bill supports individual choice in payment methods and promotes cash transactions, aligning with the Libertarian principles of personal liberty and free markets. However, it imposes a requirement on businesses, which could be seen as a minor government intervention.
Risks and Concerns
- Potential for increased regulatory burden on businesses
- Possibility of unintended consequences in cash handling logistics