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Bill > HB0375
TN HB0375
TN HB0375AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxes and fees collected by merchants and sellers.
summary
Introduced
01/21/2021
01/21/2021
In Committee
02/10/2021
02/10/2021
Crossed Over
Passed
Dead
04/28/2022
04/28/2022
Introduced Session
112th General Assembly
Bill Summary
As introduced, requires that state and local taxes and fees be excluded from the calculation of interchange fees by payment card networks for electronic payment transactions. - Amends TCA Title 67.
AI Summary
This bill amends Tennessee Code Annotated, Title 67, to require that state and local taxes and fees be excluded from the calculation of interchange fees by payment card networks for electronic payment transactions. The bill defines key terms such as "credit card," "debit card," "electronic payment transaction," and "interchange fee." It requires payment card networks to either deduct the amount of any tax from the calculation of interchange fees or provide a rebate to the merchant or seller for the proportionate amount attributable to the tax or fee. The bill also imposes a civil penalty of up to $1,000 per violation for payment card networks that violate these provisions.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Returned to the Clerk's Desk. (on 03/16/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0375&ga=112 |
| State Bill Page | http://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0375&ga=112 |
| BillText | https://www.capitol.tn.gov/Bills/112/Bill/HB0375.pdf |
| HB0375 | http://www.capitol.tn.gov/Bills/112/Fiscal/HB0375.pdf |
| BillText | http://www.capitol.tn.gov/Bills/112/Bill/HB0375.pdf |
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