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Louisiana: No Cash For Secondhand Goods

October 21, 2011 by  

Louisiana: No Cash For Secondhand Goods

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

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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