Credit card transaction fees: tax payments: Consumer Inflation Reduction and Tax Fairness Act.

Summary

The bill adds a new division to California’s Financial Code that bars card issuers, networks, acquirer banks and processors from charging merchants interchange fees on the tax amount of a transaction. Merchants must transmit the tax amount during authorization or settlement, and can receive a credit if they later provide tax documentation. The measure aims to lower costs for merchants and, indirectly, consumers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Amend, and do pass as amended and re-refer to Com. on B. & F. (Ayes 7. Noes 3.) (April 8). · Apr 8, 2025

Hearings

• Banking and Finance Committee Hearing
  Banking and Finance · Apr 21, 2025
• Judiciary Committee Hearing
  Judiciary · Apr 8, 2025

History

1. Feb 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. Jan 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. Apr 22, 2025Re-referred to Com. on B. & F.
4. Apr 21, 2025In committee: Set, first hearing. Failed passage. Reconsideration granted.
5. Apr 21, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
6. Apr 10, 2025Re-referred to Com. on B. & F.
7. Apr 9, 2025Read second time and amended.
8. Apr 8, 2025From committee: Amend, and do pass as amended and re-refer to Com. on B. & F. (Ayes 7. Noes 3.) (April 8).
9. Apr 3, 2025Re-referred to Com. on JUD.
10. Apr 2, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
11. Mar 13, 2025Re-referred to Coms. on JUD. and B.&F. pursuant to Assembly Rule 96.
12. Mar 10, 2025Referred to Coms. on B.&F. and JUD.

The 12 most recent of 14 recorded actions.

Sponsors

• Ortega · sponsor
• Cortese
• Garcia
• Jackson
• Ward

Bill text

Opens the legislature’s own copy.

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