LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 28, 2015 TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services 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.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Finance Code and Business and Commerce 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 bill would take effect September 1, 2015.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, TBo, CL, EP, KVe
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 28, 2015
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services 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.), As Engrossed
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
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.), As Engrossed
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
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.), As Engrossed
SB641 by Schwertner (Relating to debit card or stored value card surcharges; providing a civil penalty.), As Engrossed
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 and Business and Commerce 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 bill would take effect September 1, 2015.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, TBo, CL, EP, KVe
UP, TBo, CL, EP, KVe