An Act prohibiting card interchange fees on tax or gratuity

SD 762 prohibits payment networks from charging merchants interchange fees on the tax or gratuity portion of credit or debit card transactions. It requires merchants to provide tax or gratuity amounts during payment processing to avoid these fees, or submit tax documentation within 180 days to receive refunds for improperly charged fees. Payment networks violating this law face $1,000 penalties per transaction and must refund affected merchants. The bill directly affects merchants (e.g., restaurants, retailers) who process card payments and pay these fees on taxable items or tips.