S 5587 New York Senate · 2025 Regular Session

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

Summary

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 25, 2025 Last action Jun 5, 2026

Maddy AI version diff · 1 comparison

What changed between versions

S5587 → S5587A · 3 edits

MINOR

The bill was amended to add three new sponsors and recommit the legislation to the Consumer Protection Committee for further review. Substantively, the text of the bill was renumbered to use alphabetical labels (a-h) instead of numbers for the list of excluded taxes, and a new paragraph was added to prevent payment card networks from manipulating fee calculations to avoid the law's requirements.

Scope change

The bill's scope and applicability remain unchanged; the amendment adds sponsors and clarifies procedural steps.

TECHNICAL

Added three new sponsors (Senators Addabbo, Harckham, Hinchey, Martinez, Mayer, Murray, Oberacker, and C. Ryan) and updated the committee history to reflect a recommitment.

Reformatted the list of excluded taxes and fees in Section 1121 from a numbered list to an alphabetical list (a through h).

REQUIREMENT

Added a new provision in Section 1121 prohibiting payment card networks from altering or manipulating interchange fee computations to circumvent the law's exclusions for taxes and gratuities.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 5, 2026

Committee

COMMITTED TO RULES

upper

Apr 24, 2026

Upper · Passed

PRINT NUMBER 5587A

upper

Apr 24, 2026

Upper · Passed

AMEND AND RECOMMIT TO CONSUMER PROTECTION

upper

Jan 7, 2026

Committee

REFERRED TO CONSUMER PROTECTION

upper

Feb 25, 2025

Committee

REFERRED TO CONSUMER PROTECTION

upper

1 primary · 8 co-sponsors