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HB2089: Enacting the consumer inflation reduction and tax fairness act and exempting the portion of a credit card transaction constituting a tax or gratuity from assessment of the fee charged by the card issuer.
IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill aims to reduce consumer inflation by exempting taxes and gratuities from credit card fees. It also seeks to promote fairness by adjusting how these fees are calculated.
Who This Affects
Kansas consumers who use credit cards for purchases will be affected, as they may see a reduction in the total cost of their transactions due to this change.
Key Provisions
• Exempts taxes and gratuities from being included in credit card fees
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Timeline
Introduced
Wednesday, January 22, 2025
Last Action
House Referred to Committee on Financial Institutions and Pensions
Jan 22, 2025
Sponsors
No sponsors listed.
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