Oklahoma 2022 Regular Session

Oklahoma House Bill HB2181

Introduced
2/1/21  

Caption

Revenue and taxation; credit and debit card service fees; effective date.

Impact

If enacted, HB2181 modifies how service fees are applied in the context of credit and debit card transactions. By mandating the exclusion of state and local taxes from the service fee calculations, the bill seeks to standardize the process across payment card networks. This change is expected to have a significant impact on merchants who accept electronic payments, as they would no longer bear the burden of higher service fees attributed to taxes, which could enhance their profit margins or reduce costs for consumers.

Summary

House Bill 2181 introduces provisions regarding revenue and taxation specifically focusing on electronic payment transactions via credit and debit cards. The bill stipulates that any state or local tax will be excluded from the computation of service fees applied to these electronic payment transactions. This aims to ensure that consumers are not charged additional fees based on the tax component of their payments, thereby reducing the financial burden associated with transactions for both sellers and consumers.

Contention

Notably, discussions surrounding this bill may arise regarding its effects on payment card networks and their pricing structures. Critics could argue that circumventing traditional cost structures may lead to a decrease in services provided by these payment networks or may push fees into different areas not specified by the bill. Additionally, the bill introduces a civil penalty for any violations, which might lead to further debate on the enforceability of these new provisions and the potential for legal disputes arising from misunderstandings of the new law.

Companion Bills

No companion bills found.

Previously Filed As

OK SB125

Relating to credit and debit card fees; to provide that the calculation of any credit or debit card swipe fee may not include taxes and fees added on to the price of the goods or services purchased by the credit or debit card.

OK SB798

Credit card interchange fees; defining terms; requiring certain taxes and fees be excluded from certain interchange fee charges. Effective date. Emergency.

OK S0768

Creates the interchange fee restriction act restricting interchange fees on sales and use tax or excise tax when payment is made with a credit or debit card.

OK H5582

Creates the interchange fee restriction act restricting interchange fees on sales and use tax or excise tax when payment is made with a credit or debit card.

OK HB1260

Consumer credit; discounts; cash; check; charges; credit card; debit card; line item; effective date.

OK HB1482

Revenue and taxation; sales tax; fees; car wash; effective date.

OK HB3507

Consumer credit; discounts; cash; check; charges; credit card; debit card; effective date.

OK AB1065

Credit card transaction fees: tax payments: Consumer Inflation Reduction and Tax Fairness Act.

OK HB3667

Consumer Credit Code; surcharge; electronic payment fee; effective date.

OK HB3052

Revenue and taxation; definition; exemption; effective date; emergency.

Similar Bills

CA AB618

Transactions and use taxes: City of Scotts Valley: City of Emeryville.

CA AB3259

Transactions and use taxes: City of Campbell: City of Pinole: County of Solano.

CA SB319

Criminal justice statistics: reporting.

CA AB2598

Crimes: money laundering.

CA SB703

Transactions and use taxes: Counties of Alameda and Santa Clara and City of Santa Fe Springs.

CA AB2443

Transactions and use taxes: Cities of Lancaster, Palmdale, and Victorville.

CA SB152

Transactions and use taxes: County of Sonoma.

CA SB335

Transactions and use taxes: County of Santa Clara.