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Author frames AB 1065 as relief for small merchants who pay swipe fees on sales tax; banks and credit unions warn of unintended consequences
Summary
AB 1065 would prohibit swipe fees from being charged on the tax portion of card transactions, the author said, framing the change as merchant relief for small businesses burdened by processing fees.
Assemblymember Ortega introduced AB 1065 as a measure to prohibit payment processors and card networks from imposing interchange (so‑called swipe) fees on the tax portion of credit‑card transactions. Ortega said merchants collect sales tax ‘‘at no cost’’ to the state and that credit‑card networks should not be permitted to charge fees on the tax component of a sale.
Small‑business witnesses including restaurant operators and grocers said…
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