Louisiana Outlaws Cash For Trading Used Goods More Than Once A Month

In order to combat the rising threat of metal theft, Louisiana passed a law that prohibits anyone who trades used property more than once a month from conducting that transaction in cash. This should cut down on metal vultures stripping down the infrastructure to turn it into money for their drug habit. However, this also means you can’t really hold a garage sale more than once every 30 days without some burdensome restrictions.

The law excludes non-profits and pawn shops. But flea markets, trading posts, and even the mom who wants to have more than one garage sale a month are caught up in the crossfire too. The new law will now require them to keep detailed records of every transaction, only accept personal check, money order, or electronic transfer, and log their customers’ ID’s.

“The government is placing a significant restriction on individuals transacting in their own private property,” local lawyer Thad D. Ackel, Jr. Esq told KLFY. “Lawmakers in Louisiana have effectively banned its citizens from freely using United States legal tender,” he added in an online article.

Pawnshops have had to keep detailed records for a long time, but under the new law they will still be allowed to transact in cash.

The law passed both houses with only one nay vote.

Read the law here
Second Hand Dealer Law [KLFY] (Thanks to GitEmSteveDave!)

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