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Lawmakers hear hours of testimony on bill to limit interchange fees on taxes, tips and donations
Summary
House Bill 12 15, introduced by Rep. Schonk Wyler, drew broad testimony from nonprofits, restaurants, small-business owners, credit unions and bankers over proposed limits on interchange ("swipe") fees for taxes, gratuities and charitable donations; the committee held the bill without a vote to allow further stakeholder engagement.
Rep. Schonk Wyler introduced House Bill 12 15 as a targeted measure to reduce the application of interchange fees — commonly called "swipe" fees — to taxes, regulatory fees and gratuities, and to cap fees applied to charitable donations. She said the bill focuses on large national networks and card issuers and is intended to protect merchants, charities and consumers while preserving payment security and choice.
Several groups and business owners testified in support. Sam Sneidman of United Way of Central Indiana said many nonprofits increasingly receive donations by card and that fees divert funds from missions; he told the committee some partners see 60–80% of…
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