Summary
New York will require many stores to accept cash payments due to a new law signed by Governor Kathy Hochul. This law aims to protect consumers who rely on cash, especially seniors and low-income individuals, and it will be effective starting in March 2026.
Key Facts
- New York passed a law requiring food stores and retailers to accept cash payments.
- The law, signed by Governor Kathy Hochul, prohibits extra fees on cash payments.
- The bill, known as Bill A.7929A/S.4153A, was introduced in April 2023.
- It passed easily in the state Senate and Assembly with a strong majority.
- New Jersey and Colorado have similar laws requiring cash acceptance at certain businesses.
- The law will officially take effect in March 2026.
- The aim is to help those who rely on cash, like seniors and lower-income people.
- New York joins a few other U.S. states with cash protection laws.
