This bill proposes to amend current statutes by adding a new section to Title 44, Chapter 38 of the Arizona Revised Statutes, which will require retail businesses with a physical location in the state to accept cash for goods and services valued at $100 or less. It prohibits these businesses from charging any fees or penalties for cash transactions. Additionally, individuals who are denied the right to use cash or charged a fee for using cash will have the right to take legal action against the violators, with specified damages of $1,000 per violation or $5,000 total, along with the ability to recover attorney fees.

The bill also includes provisions for annual adjustments of the damage amounts based on inflation and clarifies that the cash acceptance requirement does not apply to written contracts specifying payment methods or online sales. Furthermore, it redefines the chapter heading from "BUSINESSES EXEMPT FROM MASK MANDATE" to "BUSINESSES GENERALLY" and provides a definition for "retail business" based on existing classifications.

Statutes affected:
Introduced Version: 44-7952