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Senate committee fails to advance interchange‑fee bill after hours of testimony on costs and technical limits
Summary
Senate Bill 1055, which would prohibit interchange fees on sales tax and gratuities, did not advance from the Senate Commerce and Human Resources Committee after competing testimony from retailers, payment industry groups, credit unions and banks and legal concerns about federal preemption.
Senate Bill 1055, proposed to prohibit interchange ("swipe") fees on sales tax and gratuity portions of electronic transactions, was considered in the Senate Commerce and Human Resources Committee but failed to move forward for lack of a motion.
Senator Mark Harris, sponsor of the bill, told the committee the measure would require interchange fees to be calculated on the purchase amount before sales tax and tips are added. Harris said the change would leave “over $36.5 million” in Idaho businesses rather than being paid to out‑of‑state processors, describing the current practice as an ‘‘unfair fee’’ because retailers collect and remit sales tax on behalf of government.
Multiple industry and trade witnesses offered contrasting…
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