News & Analysis as of

Cash Transactions State and Local Government

Jackson Lewis P.C.

New York City Bans Retailers From Refusing To Accept Cash

Jackson Lewis P.C. on

New York City has amended its Administrative Code to make it unlawful for food stores and other retail establishments to refuse to accept payments in cash. Food stores are defined as “an establishment which gives or offers...more

Rivkin Radler LLP

Cannabis Investors and Producers Face Need for Due Diligence

Rivkin Radler LLP on

The cannabis industry is growing in leaps and bounds, but entrepreneurs interested in developing cannabis companies – as well as business people interested in investing in them – must make certain that they know what they are...more

McDermott Will & Emery

Weekly IRS Roundup June 29 – July 3, 2020

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of June 29, 2020 – July 3, 2020... June 29, 2020: The IRS issued a news release announcing that...more

Davis Wright Tremaine LLP

Cashless Ban Update – New York City Legislation

Prior to 2019, just one state – Massachusetts – had legislation on its books mandating that retailers accept cash payments. Since February 2019, four major jurisdictions have passed such legislation....more

Littler

WPI State of the States: New Year, New Legislative Trends

Littler on

The year 2020 is already shaping up to be quite active on the employment law front, and a quarter of U.S. states have yet to convene their 2020 legislative sessions. In January, over 800 labor and employment-related bills,...more

Littler

New York City Set to Require Stores to Accept Cash

Littler on

The New York City Council has approved, by a vote of 43-3, a bill that would make it unlawful for most businesses to refuse to accept payments in cash, with limited exceptions.  The legislation aims to eliminate what...more

Davis Wright Tremaine LLP

Mandatory Cash Acceptance Update – Philadelphia Legislation & Athletic Venues

On March 18, the Governor of New Jersey signed a bill making his state just the second to require that certain businesses accept cash as a form of payment....more

Fox Rothschild LLP

Philadelphia Bans Cashless Stores In Growing Legislative Trend That Bucks Technological Advances

Fox Rothschild LLP on

The legislative flavor of the month is the movement to outlaw cashless stores. While retailers continue to pursue the holy grail of eliminating the check-out experience altogether with cashier-free stores, states and...more

Jackson Lewis P.C.

New York City Considers Ban On Restaurants, Retailers From Refusing To Accept Cash

Jackson Lewis P.C. on

A bill to ban restaurant and retail establishments in New York City from going cashless has been introduced in the New York City Council. The bill’s sponsor, Council Member Ritchie Torres, introduced the measure amid a...more

Fox Rothschild LLP

Minnesota Joins Widening Crackdown On “Zappers” With Announcement Of State’s First Criminal Convictions For Using Sales...

Fox Rothschild LLP on

The State of Minnesota has joined the growing list of states that are criminally prosecuting business owners for using “zapper” programs to commit tax evasion. Yesterday the Minnesota Department of Revenue and the St. Louis...more

Bowditch & Dewey

IRS and States Crack Down on POS Systems: Zapper Software

Bowditch & Dewey on

A good point of sale (“POS”) system is critical for any business engaged in sales to the public and having one in place goes a long way to ensuring that revenue and profits are being reported properly to federal, state and...more

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