Asm. Liz Ortega Introduces Bill to Ban Banks and Credit Card Companies from Charging Fees on Sales Taxes
SACRAMENTO - Assemblymember Liz Ortega (D–San Leandro) today joined with small business owners to announce Assembly Bill 1065, which would close a loophole that allows credit card companies to charge extra fees on the sales taxes that every other business is required by law to collect, account for, and remit at no cost to the state.
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AB 1065 Fact Sheet
The State of California requires that businesses collect, account for, and remit state and local sales taxes as a condition of operation and at no cost. But current law allows credit card companies to then charge businesses and their customers a swipe fee on the collection of those taxes. AB 1065 will end this obvious inequity. The bill will also prohibit credit card companies from charging swipe fees on tips.