New York A 2540: Enacts the "cash acceptance act"

Bill Text

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A02540 Summary:

BILL NOA02540 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORSayegh (MS)

&nbsp

COSPNSRGlick, DeStefano

&nbsp

MLTSPNSRSimon

&nbsp

Add §396-ii, Gen Bus L

&nbsp

Prohibits food-service and retail establishments from refusing to accept cash as payment for goods or services; calls for a civil fine if an establishment should refuse cash as payment.

Go to top A02540 Actions:

BILL NOA02540 

&nbsp

01/17/2025referred to consumer affairs and protection

01/07/2026referred to consumer affairs and protection

Go to topA02540 Committee&nbspVotes:

Go to topA02540 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA02540 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2540

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 17, 2025
 ___________

 Introduced by M. of A. SAYEGH, GLICK, DeSTEFANO -- Multi-Sponsored by --
 M. of A. SIMON -- read once and referred to the Committee on Consumer
 Affairs and Protection

 AN ACT to amend the general business law, in relation to prohibiting
 retail establishments from refusing to accept payment in cash

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The general business law is amended by adding a new section
 2 396-ii to read as follows:
 3 § 396-ii. Cashless policies prohibited. a. As used in this section,
 4 the following terms shall have the following meanings:
 5 (i) "Food-service establishment" shall mean an establishment which
 6 gives or offers for sale food or beverages to the public for consumption
 7 or use on or off the premises.
 8 (ii) "Retail establishment" shall mean an establishment in which
 9 consumer commodities are sold, displayed or offered for sale, or which
 10 provides services to consumers at retail.
 11 b. It shall be unlawful for a food-service establishment or a retail
 12 establishment, as policy, to refuse to accept payment in cash from
 13 consumers.
 14 c. A food-service establishment or retail establishment violating this
 15 section is liable for a civil penalty of not more than twenty-five
 16 hundred dollars for the first violation and a civil penalty of not more
 17 than five thousand dollars for each succeeding violation.
 18 d. The department of labor may promulgate such rules as it deems
 19 necessary to implement and enforce this section.
 20 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04264-01-5

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