A 5014·NJ·house
Prohibits credit and debit card interchange fees from being applied to sales tax and gratuity.
In CommitteeFiled May 7, 2026
Sponsor: Roy Freiman (D)
Latest Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee
May 7, 2026
Summary
The bill bars payment‑card networks from applying their processing fees to the sales‑tax or gratuity portion of a purchase, provided the merchant includes those amounts in the transaction data. It aims to reduce extra costs for merchants, especially small businesses that rely on tips. Networks that charge such fees would be fined $1,000 per transaction and must refund the improper charges.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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