IPFS News Link • Business/ Commerce
Louisiana bans using cash in sales of second-hand goods
• http://www.rawstory.com,Though House Bill 195 was intended to make it easier to track the sales of stolen goods by giving police a paper trail to follow, the unintended consequences could be much more widespread. Namely, the law requires second-hand sales be made paid for with credit cards, paper checks, electronic transfer or money orders. Cash is prohibited.
It was signed into law on July 1, but flew so far under the radar that practically nobody in the media noticed until this week, when Louisiana's KLFY Eyewitness News 10 put a spotlight on the new rules and their likely impacts on local business.
The law also requires second-hand sellers to obtain personal information about each buyer — information like names, addresses, driver's license number and even, if applicable, their license plate number — and turn it over to state officials..




1 Comments in Response to Louisiana bans using cash in sales of second-hand goods
This story is from 2011. Come on, guys!