New York A02540 prohibits food-service and retail establishments from refusing cash payments.

New York A02540 amends the general business law to prohibit food-service and retail establishments from refusing to accept cash as payment for goods or services. Violating establishments face civil penalties of up to $2,500 for the first violation and up to $5,000 for each subsequent violation. The Department of Labor can create rules to enforce this law. The act takes effect immediately.

New York A02540 prohibits food-service and retail establishments from refusing cash payments.

New York A02540 amends the general business law to prohibit food-service and retail establishments from refusing to accept cash as payment for goods or services. Violating establishments face civil penalties of up to $2,500 for the first violation and up to $5,000 for each subsequent violation. The Department of Labor can create rules to enforce this law. The act takes effect immediately.