Bill
Bill > S1066
ID S1066
ID S1066Adds to existing law to establish provisions regarding the exclusion of certain taxes and fees from any electronic payment transaction interchange fee.
summary
Introduced
02/10/2023
02/10/2023
In Committee
02/13/2023
02/13/2023
Crossed Over
Passed
Dead
04/06/2023
04/06/2023
Introduced Session
2023 Regular Session
Bill Summary
TAXES -- Adds to existing law to establish provisions regarding the exclusion of certain taxes and fees from any electronic payment transaction interchange fee.
AI Summary
This bill adds a new section to Idaho's existing laws to establish provisions regarding the exclusion of certain state or local taxes and fees from the calculation of interchange fees charged for electronic payment transactions. The bill requires payment card networks to either deduct the amount of any applicable tax or fee from the calculation of interchange fees or provide a rebate for the portion of the interchange fee attributable to the tax or fee. The bill defines key terms such as "credit card," "debit card," "electronic payment transaction," and "interchange fee." It also imposes a civil penalty of up to $1,000 per violation for payment card networks that fail to comply with the new requirements.
Committee Categories
Business and Industry, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Commerce and Human Resources Committee (Senate)
Last Action
Senate Commerce & Human Resources Committee (13:00:00 3/9/2023 Room WW54) (on 03/09/2023)
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/2023/legislation/S1066/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1066.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1066SOP.pdf |
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