This bill mandates that all 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 is outlined in subdivision 2 of the new section. The bill specifies that this mandate will take effect on August 1, 2026, and will apply to all sales of goods and services occurring on or after that date.