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

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 Oct 23 - Louisiana Bans Using Cash For Sales Of Second Hand Goods
Unread 10-23-2011, 05:51 PMJoined Jul 2011 - away - #1
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Little Dice 193 heat pts193 space
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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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The following 2 BX residents gave props to Little Dice (Sent To 7,762 Subscribers)  Jayg36 (10-24-2011) , HOT TOPIC  (10-23-2011)

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

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Unread 10-23-2011, 06:14 PMJoined Jan 2008 - away - #2
606robin 8 heat pts space
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Pawn/Thrift/An flea market's gonna hate this
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Unread 10-23-2011, 07:17 PMJoined Jul 2006 - away - #3
ChevyBrah 206 heat pts206 space
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wtf is this
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Unread 10-23-2011, 07:23 PMJoined Apr 2005 - away - #4
dmunson318  space
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fu*k outta here. We got some of the worlds dumbest laws
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Unread 10-23-2011, 07:30 PMJoined Oct 2010 - away - #5
jayjay2 10 heat pts10 space
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this stupid as fu*k... 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???
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Unread 10-23-2011, 08:14 PMJoined Mar 2005 - away - #6
Freemind 41 heat pts41 space
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Originally Posted by 606robin
Pawn/Thrift/An flea market's gonna hate this


someone didnt read all the way through
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Unread 10-23-2011, 08:26 PMJoined Dec 2006 - away - #7
TheKastOne  space
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What the hell is this sh*t? How about just using an id for transactions or something, stupid mother fu*kers
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Unread 10-23-2011, 08:55 PMJoined Jan 2005 - away - #8
Based_One 62 heat pts62 space
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thank god i don't live in LA
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Unread 10-23-2011, 09:31 PMJoined Jun 2010 - away - #9
astarisborn  space
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Man we take another "L", damn Louisiana, why you constantly make us look bad.
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Unread 10-23-2011, 09:34 PMJoined Jan 2004 - away - #10
King Kusanagi 31 heat pts31 space
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Damn, Craigslist about to look like the black market in Lousiana
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Unread 10-23-2011, 09:37 PMJoined Mar 2010 - away - #11
Seymore Cake 18 heat pts18 space
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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
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Unread 10-23-2011, 10:04 PMJoined Aug 2005 - away - #12
AirForce318  space
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Originally Posted by dmunson318
fu*k outta here. We got some of the worlds dumbest laws
this.... we get laws for some of the dumbest sh*t... 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...
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Unread 10-23-2011, 10:08 PMJoined May 2006 - away - #13
OOps  space
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How are they gonna do that? Dumbest fu*king law on earth. Cash is king!
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Unread 10-23-2011, 10:12 PMJoined Feb 2011 - away - #14
Trolling 62 heat pts62 space
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Puts a money order machine in my 2nd hand store.
Problem Solved.
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Unread 10-23-2011, 10:23 PMJoined Dec 2006 - away - #15
TheKastOne  space
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They trying to encourage debit and credit use?
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Unread 10-23-2011, 10:24 PMJoined Jan 2006 - away - #16
StatisticZ 1 heat pts space
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inb4conspiracytheories

EDIT:

Nvm ^^ -__-
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Unread 10-23-2011, 10:26 PMJoined Aug 2010 - away - #17
Lukeshuel 3 heat pts space
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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..
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Unread 10-23-2011, 10:57 PMJoined Oct 2005 - away - #18
K.B.  space
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we really have some of the dumbest laws down here
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Unread 10-23-2011, 11:35 PMJoined Jan 2004 - away - #19
WhoThaFuk 2 heat pts space
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The government continues to encroach on our lives in order to enforce laws.
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Unread 10-23-2011, 11:46 PMJoined Feb 2007 - away - #20
Ghost Terp 18 heat pts18 space
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These dudes can't have garage sales anymore
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