Members of the Arizona House of Representatives on both sides of the political aisle came together to pass a bill aimed at protecting the ability of Arizonans to use cash for retail transactions.
HB 2555 passed with wide bipartisan support, on a 52-8 vote.
The bill requires retail businesses to be willing to accept cash as a form of payment for goods and services with a total value of up to $100.
HB 2555 now moves to the Senate for consideration.
“People rely on using cash for transactions,” said the bill’s sponsor Representative Chaplik. “As of 2021, FDIC data estimates indicate that nearly 5.9 million U.S. households do not have a bank account. This bill is especially helpful to individuals who may be unbanked, live paycheck to paycheck, or are otherwise disenfranchised because they’re unable to make digital payments.
“Cash also acts as a roadblock to those who would have an all-digital currency economy, and that’s a good thing,” added Chaplik. “The fact is that cash is still king, and it’s going to remain that way for a very long time. Arizona will not be going cashless.”