Wanna bet this will become a trend to ensure sales taxes are collected and banks get their credit card fees?
Cold hard cash. It’s good everywhere you go, right? You can use it to pay for anything. But that’s not the case here in Louisiana now. It’s a law that was passed during this year’s busy legislative session.
House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don’t even know about it.
Wouldn’t be the end of the world. The article says you can still use a check or credit card.
Still, exempting pawn shops seems like it’s going to not be used in for the type of stolen transactions the law was targeted at and you wind up just annoying everyone else so what’s the point of even having the law?
This will be a problem for yard sales & Craigslist transactions.
Every credit card transaction costs the seller money. Talk about a windfall for big money interests!
This sounds like a dead law, in 99% of cases. About the only ones that might comply would be La. Goodwill Stores. But I serious doubt the state gov. can legally force private citizens to get a credit card vendor account, just for a weekend’s sales. And since Goodwill is considered a charity. I wouldn’t be surprised that it’s exempt, along with Church bizarre sales. This just leaves your Sanford and Son, style junk dealers or salvage yards. Want a hard to get hood spring for your 1976 Camero (I did once) ? Well you better have a credit card if you live in Louisiana. But really, how many salvage yards are gonna give a crap what the gov. says? Cash is king. And the La. Governor isn’t.
What happened to “this note is legal tender for all debts, public and private”?