Louisiana: No Cash For Secondhand Goods

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Individuals who have more than one yard sale in a month in Louisiana must keep a detailed record of transactions.

If you’re in Louisiana and you plan to buy secondhand goods, cash may be useless.

By order of new legislation in the State, House Bill 195, those who buy or sell secondhand goods are no longer allowed to use cash to complete the transactions more than once a month, according to The Consumerist.

Lawmakers in the State claim that the new legislation will cut down on theft of metal and other goods by creating a paper trail of money orders, checks and electronic transactions for police to use as investigative leads.

The law puts requirements on any individual who has a yard sale more than one time in a month and will also affect trading posts and flea markets. They will now all be required to keep detailed records of transactions by logging customer IDs and accepting only checks, money orders or electronic transfers. Many individuals who operate trading posts and flea markets reportedly are unaware of the new law, but backlash is expected as knowledge of the cumbersome fiscal regulation spreads.   

“The government is placing a significant restriction on individuals transacting in their own private property,” Thad Ackel Jr., a lawyer in the State told KLFY.

Pawn shops, which were already required to record transactions in detail, and nonprofit organizations are exempt from the law.

Sam Rolley

Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After covering community news and politics, Rolley took a position at Personal Liberty Media Group where could better hone his focus on his true passions: national politics and liberty issues. In his daily columns and reports, Rolley works to help readers understand which lies are perpetuated by the mainstream media and to stay on top of issues ignored by more conventional media outlets.

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