Second Hand Dealer Law

[bijou]

Cold hard cash. It's good everywhere you go, right? You can use it to pay for anything.

But that's not the case here in Louisiana now. It's a law that was passed during this year's busy legislative session.

House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don't even know about it.

"We're gonna lose a lot of business," says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand items.

"We don't want this cash transaction to be taken away from us. It's an everyday transaction," Guidry explains.

Guidry says, "I think everyone in this business once they find out about it. They're will definitely be a lot of uproar."

The law states those who buy or sell second hand goods are prohibited from using cash. State representative Rickey Hardy co-authored the bill. ...

http://www.klfy.com/story/15717759/s...and-dealer-law

[marv]

Besides non-profit resellers like Goodwill, and garage sales, the language of the bill encompasses stores like the Pioneer Trading Post and flea markets.

New Orleans prostitutes, too?

[Novaheart]

Look for this to become the law of the land for all merchants. Business which only take cash have long been considered suspect of skimming. I grew up around kids whose parents owned small stores, and they all pretty much skimmed even after credit cards came along. My friend Kevin's mom actually told me, "You have to, to survive." They also would not charge sales tax if you paid in cash, because they were skimming the cash sales.

There might be some legitimate businesses which simply have a moral opposition to credit cards and checks, but I'd put my money on them being skimmers.

[fettpett]

New Orleans prostitutes, too?

:eek:

two laws broken in one fell swoop :D

[Rockntractor]

So what happened to the part about it being legal tender, was this state or federal?

[lacarnut]

This is news to me. I would have thought that Gov. Jindal had more sense than to have signed this screwball law.

[Rockntractor]

This note is legal tender for all debts public and private. What part of this do they not understand? Some jackass court will find some hidden meaning in the plain literal intention of this statement.

[Novaheart]

This note is legal tender for all debts public and private. What part of this do they not understand?

Having just read the definition of legal tender, I'd say that the difference is this:

If you owe jack $100 for a used lawnmower he sold you last week, and if you put $100 cash into Jack's hand this week, then he has been paid and has no claim against you.

The difference here would appear to be that this law would forbid Jack from selling to you under those terms.

It's already illegal in practice to pay cash for a new automobile. If you do, the dealer will report you to the appropriate agency as a suspected drug dealer.

[lacarnut]

It's already illegal in practice to pay cash for a new automobile. If you do, the dealer will report you to the appropriate agency as a suspected drug dealer.

Since when? The dealer is required to report cash transactions over $10k to the IRS. However, there is no law that forbids someone to fork over a pile of cash to buy a new car. Where do you get this shit from??

[Novaheart]

Since when? The dealer is required to report cash transactions over $10k to the IRS. However, there is no law that forbids someone to fork over a pile of cash to buy a new car. Where do you get this shit from??

Did I say that the law forbids you from paying cash for a car? No, I didn't. I said that it was illegal IN PRACTICE, meaning that there is a system in place which would discourage it. It is considered suspicious activity. Of course, before it was considered a sign of being a drug dealer, there were other names for the customer who didn't have a checking account and people like you in general.