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Panel approves bill to block new merchant code that would single out gun stores

Banks and Financial Institutions · February 22, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee favorably reported House Bill 1018 (LC550207), which would prohibit using a newly created merchant category code that labels firearm retailers separately and require use of legacy codes for sporting goods or general merchandise; sponsor said the change prevents singling out gun sellers and includes a 30-day cure and enforcement via the attorney general.

An introducer (identified in the transcript as Speaker 10; name not stated) described House Bill 1018 (LC550207), which would bar the use of a new merchant category code (reported as 5723) that specifically identifies firearm retailers and instead require use of the former…

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