A 5014
Prohibits credit and debit card interchange fees from being applied to sales tax and gratuity.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill prohibits credit and debit card payment networks from applying interchange fees to sales tax and gratuity. Interchange fees are fees paid by merchants to payment card networks for processing transactions. The bill aims to reduce costs for businesses, particularly in the service industry, by preventing these fees from being applied to these specific charges. It establishes procedures for merchants to report gratuity amounts and outlines penalties for payment card networks that violate the law.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Roy Freiman
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.