LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 18, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB641 by Schwertner (Relating to debit card or stored value card surcharges; providing a civil penalty.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Finance Code to provide a civil penalty for persons who knowingly violate the prohibition against imposing a surcharge on purchases of goods and services with a debit or store value card. The Office of the Attorney General indicated the costs associated with implementation of the bill could be absorbed with existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:302 Office of the Attorney General LBB Staff: UP, CL, TBo, EP, KVe
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 18, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB641 by Schwertner (Relating to debit card or stored value card surcharges; providing a civil penalty.), Committee Report 1st House, Substituted
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB641 by Schwertner (Relating to debit card or stored value card surcharges; providing a civil penalty.), Committee Report 1st House, Substituted
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB641 by Schwertner (Relating to debit card or stored value card surcharges; providing a civil penalty.), Committee Report 1st House, Substituted
SB641 by Schwertner (Relating to debit card or stored value card surcharges; providing a civil penalty.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Finance Code to provide a civil penalty for persons who knowingly violate the prohibition against imposing a surcharge on purchases of goods and services with a debit or store value card. The Office of the Attorney General indicated the costs associated with implementation of the bill could be absorbed with existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General
302 Office of the Attorney General
LBB Staff: UP, CL, TBo, EP, KVe
UP, CL, TBo, EP, KVe