Concerning prohibiting fees on certain acts of commerce to protect tipped wages for workers while reducing the financial burden on employers.

SB 5070 prohibits credit and debit card interchange fees on the tax and tip portions of transactions for businesses in Washington. This ensures tipped workers receive their full tips without deductions and reduces costs for businesses collecting state taxes on their behalf. Businesses must report tax and tip amounts during payment processing to avoid these fees, or submit documentation within 180 days to get refunds for any fees charged on those portions. The law requires payment networks to develop a system for reporting these amounts within two years, aiming to make transaction fees more transparent and fair.