The 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. It defines key terms such as "business," "cash," and "department," and explicitly prohibits businesses from charging fees or imposing conditions on cash transactions. The bill outlines specific exceptions where the cash acceptance requirement does not apply, including non-in-person sales, municipal parking facilities, and certain professional services.

Additionally, the bill imposes civil penalties for businesses that fail to comply with the cash acceptance requirement, 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.