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Oct 23 - Louisiana Bans Using Cash For Sales Of Second Hand Goods


 Oct 23 - Louisiana Bans Using Cash For Sales Of Second Hand Goods
topic by Little Dice - 10-23-2011, 05:51 PM - Boxden > BX Daily Bugle - news and headlines


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.

Hardy says, "they give a check or a cashiers money order, or electronic one of those three mechanisms is used."

Hardy says the bill is targeted at criminals who steal anything from copper to televisions, and sell them for a quick buck. Having a paper trail will make it easier for law enforcement.

"It's a mechanism to be used so the police department has something to go on and have a lead," explains Hardy.

Guidry feels his store shouldn't have to change it's ways of doing business, because he may possibly buy or sell stolen goods. Something he says has happened once in his eight years.

"We are being targeted for something we shouldn't be."

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

Lawyer Thad Ackel Jr. feels the passage of this bill begins a slippery slope for economic freedom in the state.

"The government is placing a significant restriction on individuals transacting in their own private property," says Ackel.

Pawn shops have been forced to keep records of their clients for years. However under this bill they are still allowed to deal in cash.
Law Bans Cash for Second Hand Transactions - Acadiana's News Leader


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32 comments for "Oct 23 - Louisiana Bans Using Cash For Sales Of Second Hand Goods"


 10-23-2011, 06:14 PMaway - #2
606robin 5 heat pts

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Pawn/Thrift/An flea market's gonna hate this
 10-23-2011, 07:17 PMonline - #3
ChevyBrah 190 heat pts190

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$10,427 | POWERFUL
wtf is this
 10-23-2011, 07:23 PMaway - #4
dmunson318 

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$7,039 | 14832516
!! outta here. We got some of the worlds dumbest laws
 10-23-2011, 07:30 PMaway - #5
jayjay2 10 heat pts10

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this stupid as !!... why do we continuously try to achieve to be the dumbest state in the US (in law standards ) but man, I ain't read but does this affect my craigslist selling???
 10-23-2011, 08:14 PMaway - #6
Freemind 41 heat pts41

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Originally Posted by 606robin
Pawn/Thrift/An flea market's gonna hate this


someone didnt read all the way through
 10-23-2011, 08:26 PMaway - #7
TheKastOne 

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What the hell is this !!? How about just using an id for transactions or something, stupid mother !!ers
 10-23-2011, 08:55 PMaway - #8
Based_One 61 heat pts61

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thank god i don't live in LA
 10-23-2011, 09:31 PMaway - #9
astarisborn 

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Man we take another "L", damn Louisiana, why you constantly make us look bad.
 10-23-2011, 09:34 PMonline - #10
King Kusanagi 28 heat pts28

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Damn, Craigslist about to look like the black market in Lousiana
 10-23-2011, 09:37 PMonline - #11
Seymore Cake 18 heat pts18

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Pretty sure it has more to do with the selling of guns, they just implemented it wrong, and it's not gonna stop anything
 10-23-2011, 10:04 PMaway - #12
AirForce318 

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Originally Posted by dmunson318
!! outta here. We got some of the worlds dumbest laws
this.... we get laws for some of the dumbest !!... pawn shops are supposed to take down a name with valid ID if you pawn/loan something anyway... They just trying to make things hard on the average joe...
 10-23-2011, 10:08 PMaway - #13
OOps 

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$7,708 | 17780745
How are they gonna do that? Dumbest !!ing law on earth. Cash is king!
 10-23-2011, 10:12 PMaway - #14
Trolling 59 heat pts59

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Puts a money order machine in my 2nd hand store.
Problem Solved.
 10-23-2011, 10:23 PMaway - #15
TheKastOne 

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$1,463 | 1957541
They trying to encourage debit and credit use?
 10-23-2011, 10:24 PMaway - #16
StatisticZ 1 heat pts

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inb4conspiracytheories

EDIT:

Nvm ^^ -__-
 10-23-2011, 10:26 PMaway - #17
Lukeshuel 3 heat pts

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Originally Posted by TheKastOne
They trying to encourage debit and credit use?
So not long after major banks announce their new raised card fees, they ban cash on second hand items in LA



They think they slick

Last edited by Lukeshuel; 10-23-2011 at 10:33 PM..
 10-23-2011, 10:57 PMaway - #18
K.B. 

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we really have some of the dumbest laws down here
 10-23-2011, 11:35 PMaway - #19
WhoThaFuk 2 heat pts

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$2,313 | 5236084
The government continues to encroach on our lives in order to enforce laws.
 10-23-2011, 11:46 PMaway - #20
Ghost Terp 15 heat pts15

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$12,388 | POWERFUL
These dudes can't have garage sales anymore
 
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