Bill
Bill > S1293
ID S1293
ID S1293Adds to existing law to exclude certain fees and taxes from any electronic payment transaction interchange fee.
summary
Introduced
02/11/2022
02/11/2022
In Committee
02/14/2022
02/14/2022
Crossed Over
Passed
Dead
03/31/2022
03/31/2022
Introduced Session
2022 Regular Session
Bill Summary
ELECTRONIC PAYMENT -- Adds to existing law to exclude certain fees and taxes from any electronic payment transaction interchange fee.
AI Summary
This bill adds a new section to existing Idaho law to exclude certain state and local taxes and fees from the amount on which an interchange fee is charged for electronic payment transactions. The excluded taxes and fees include sales and use taxes, hotel and motel room taxes, fuels taxes, and cigarette and tobacco taxes. The bill requires payment card networks to either deduct the tax or fee amount from the interchange fee calculation or provide a rebate to the merchant or seller at the time of settlement. Violators of the bill's provisions are subject to a civil penalty of up to $1,000 per violation, and the merchant or seller must be refunded the surcharge. The bill takes effect on July 1, 2022.
Committee Categories
Business and Industry, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Commerce and Human Resources Committee (S)
Last Action
Reported Printed; referred to Commerce & Human Resources (on 02/14/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2022/legislation/S1293/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/S1293.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/S1293SOP.pdf |
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