The proposed bill establishes a new section, 559.958, in the Florida Statutes that mandates certain businesses to accept cash payments for transactions involving tangible goods or services, provided that the customer is physically present at the business location and the business accepts other forms of payment. The bill explicitly prohibits businesses from charging fees or imposing conditions on cash transactions. It also outlines specific exemptions, including transactions not conducted in person, certain parking facilities, professional services from specific providers, and transactions involving suspected counterfeit cash or large denominations.

Additionally, the bill imposes civil penalties for non-compliance, with fines escalating from $2,500 for a first offense to $10,000 for third or subsequent offenses. The Department of Agriculture and Consumer Services is tasked with adopting rules to implement the provisions of this section. The act is set to take effect on July 1, 2025.