SB3997

SB3997 mandates that retail businesses and state agencies in Illinois accept cash payments for transactions up to $500 and prohibits charging higher.

SB3997 amends the Consumer Fraud and Deceptive Business Practices Act to require retail businesses to accept cash payments for transactions up to $500 and to provide at least one point-of-sale station for cash payments. It also mandates that state agencies accept cash for transactions up to $500 and prohibits charging higher prices for cash payments. The Local Governmental Acceptance of Credit Cards Act is renamed to include cash payments, requiring local governments to accept cash for transactions up to $500 and prohibiting charging higher prices for cash payments.