Prohibits credit and debit card interchange fees from being applied to sales tax and gratuity.
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
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 card issuers for processing transactions. The bill aims to reduce the cost of these fees for businesses, particularly in the service industry. It requires payment card networks to treat tax and gratuity amounts separately when calculating interchange fees, and provides a process for merchants to recover fees if the network miscalculates them.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsors
Joseph Lagana
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours