SB 22-228

Senate Bill 22-228 updates Colorado’s law about how retail stores can accept payment. It says that businesses that mainly sell things through automatic renewal contracts (like subscription services) don’t have to accept cash. The bill also clarifies what “retail establishment” and “security deposit” mean in this context. If a business breaks these rules, the state attorney general can take legal action against them. Since the governor signed it, this law is now active and enforceable.

Official Summary

Colorado law requires retail establishments to accept United States currency. One of the exceptions to the requirement is for security deposits. The act: Exempts from the requirement to accept United States currency a retail establishment in which the primary method of selling goods or services is through an automatic renewal contract; and Defines "retail establishment" and "security deposit" for purposes of these exceptions. The attorney general is authorized to bring a civil and criminal action to enforce the provision. (Note: This summary applies to this bill as enacted.)

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