Sellers required to accept United States currency for purchases.

This bill requires businesses in Minnesota to accept United States currency, including Federal Reserve notes, as payment for goods and services. The rule applies to in-person transactions and allows sellers with multiple locations to comply by accepting cash at just one of their sites. However, banks, credit unions, and businesses that require security deposits or credit card numbers for potential damages are exempt from this requirement. Sellers who refuse cash payments face a civil penalty of up to $250 for each transaction or attempted transaction. The law will take effect on January 1, 2025.