Illinois HB4592 mandates local governments and state agencies to accept cash for transactions up to $500, prohibiting higher prices or fees for cash.
HB4592, known as the Local Governmental Acceptance of Credit Cards and Cash Act, requires local governments and state agencies to accept cash for transactions up to $500. It prohibits these entities from charging higher prices or additional fees for cash payments. The Act also amends the Consumer Fraud and Deceptive Business Practices Act to classify violations as unlawful practices. Exceptions include transactions conducted by mail, telephone, or internet, and temporary cash processing issues.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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