HB 4060
Businesses in WV must accept cash
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill would require businesses in West Virginia, such as restaurants and retail stores, to accept cash as a form of payment. It prohibits businesses from refusing to accept cash payments in exchange for goods or services. The bill also allows the West Virginia Treasurer’s Office to create exemptions based on factors like the type of business or transaction. Violations could result in a fine of up to $500.
Key provisions
- Businesses must accept U.S. currency (cash) as payment.
- Businesses cannot require customers to use alternative payment methods like credit or debit cards.
- The West Virginia Treasurer’s Office can create exemptions to the rule.
- Exemptions can be based on factors like the type of business or transaction.
- A violation of the law can result in a fine of up to $500.
Who is affected
- Retail businesses
- Food service establishments
- Businesses offering goods or services
- Consumers in West Virginia
Notable changes
- West Virginia would be the first state to mandate cash acceptance by businesses.
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