The proposed bill establishes a new section, 559.958, in the Florida Statutes, which mandates that certain businesses must accept cash payments for transactions involving tangible goods or services, provided that the customer is physically present at the business location. The bill defines "business" and "cash," and 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, and services provided by various professionals, among others.

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.