This bill mandates that retail establishments in Minnesota must accept cash as a form of payment for goods and services. It introduces new legal language under Minnesota Statutes, chapter 325F, specifically creating a section titled "[325F.983] ACCEPTANCE OF CASH REQUIRED." The bill defines key terms, including "cash" as physical currency (both paper money and coins) and "retail establishment" as any business open to the public for selling goods or services.

The requirement for retail establishments to accept cash will take effect on August 1, 2026, and will apply to all sales occurring on or after that date. This legislation aims to enhance consumer protection by ensuring that individuals who prefer or rely on cash transactions are not excluded from making purchases.