SB774
Financial institutions; processing fee on taxes prohibited, civil penalty.
Status:
Killed
Latest Action:
Feb. 2, 2026
Senate: Passed by indefinitely in Commerce and Labor with letter (13-Y 0-N)
Chief Patron:
Tammy Mulchi (R)
Session:
2026 Regular Session
Summary
As Introduced. Financial institutions; processing fee on taxes prohibited; civil penalty.
Prohibits any payment card network from imposing or receiving any processing fee on the portion of any transaction comprising sales and use tax on any electronic payment transaction, defined in the bill as any transaction in which a person uses a debit card, credit card, or other payment code or ... (More) device issued or approved through a payment card network to debit a deposit account or use a line of credit, whether authorization is based on a signature, personal identification number, or other means. The bill imposes a civil penalty of $1,000 per violation and requires any such fees to be refunded to the merchant. Such penalties are to be collected by the State Corporation Commission and deposited into the state treasury. The bill has a delayed effective date of July 1, 2028. (Less)-
Bill History
- 01/22/2026 - Senate: Presented and ordered printed 26105381D
- 01/22/2026 - Senate: Referred to Committee on Commerce and Labor
- 02/02/2026 - Senate: Fiscal Impact Statement from State Corporation Commission (SB774)
- 02/02/2026 - Senate: Passed by indefinitely in Commerce and Labor with letter (13-Y 0-N)
