Payments Dive· Peter Lucas·· 13 hours agoAI score55
Pennsylvania, Massachusetts, and New Jersey continue to advance bills to exempt sales tax from interchange fees
States keep targeting card fee relief
AI brief
AI-assisted source summary · not independently verified. Content standards
Lawmakers in Pennsylvania, Massachusetts, and New Jersey are advancing bills that would prohibit interchange fees from being charged on sales tax in transactions; some proposals also cover tips. The bills also include provisions such as prohibiting the recovery of related lost revenue through higher rates. Their progress is linked to the legal challenge to Illinois’ IFPA and could affect the legislative path in other states.
Source:Payments Dive · paymentsdive.com