States / New York / S 5587

S 5587 Amended

Relates to excluding taxes from the amount on which credit card transaction fees are based

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Excludes the amount of state and local taxes and fees from the amount on which an interchange fee is charged for that electronic payment transaction by a credit or debit card network; prohibits a payment card network from altering or manipulating the computation and imposition of interchange fees.

Chamber
Senate
Introduced
Feb 25, 2025
Last action
Jun 5, 2026 — COMMITTED TO RULES
Session
2025-2026
Momentum
58 · Moderate