Colorado Lawmakers Pass Bill to Exempt Sales Tax From Credit Card Swipe Fees

Colorado Gov. Polis faces intense lobbying blitz from DC-based groups over credit card ‘swipe-fee’ bill

Colorado’s long‑running fight over credit‑card swipe fees entered its final round Tuesday, when lawmakers sent a proposal to Gov. Jared Polis and rival industry coalitions immediately launched competing campaigns to sway his decision. The clash pits groups urging Polis to sign the bill — restaurants, hotels, breweries, liquor stores, small businesses, and big‑box retailers

Colorado bill exempts credit card fees on sales tax to save businesses money

This file photo shows logos for MasterCard and Visa credit cards (AP Photo/Mark Lennihan, File) This story was first published at Colorado Newsline. DENVER | The Colorado Legislature gave final approval this week to a bill that would lower the fees businesses need to pay credit card companies every time a customer swipes their card. It was one of the most heavily lobbied bills this legislative session. Senate Bill 26-134 would exempt sales taxes…

Colorado Legislature passes bill to eliminate credit card swipe fees on sales tax

(Photo by Alexander Castro/Rhode Island Current)The Colorado Legislature gave final approval this week to a bill that would lower the fees businesses need to pay credit card companies every time a customer swipes their card. It was one of the most heavily lobbied bills this legislative session. Senate Bill 26-134 would exempt sales taxes from the “interchange” fees that banks charge merchants when a person uses their debit or credit card. That f…

Colorado bill exempting sales tax from credit card swipe fees advances to governor after big Capitol showdown

A proposal to reduce credit card swipe fees has whipped up one of the frothier lobbying fights at the State Capitol this year, pitting the banking industry against retailers, restaurants and other businesses. It passed the legislature Wednesday and now heads to the governor’s desk. This story was produced as part of the Colorado Capitol News Alliance. It first appeared at cpr.org. Senate Bill 134 concerns the interchange fees, or swipe fees, th…

Colorado lawmakers pass bill to exempt sales tax from credit card swipe fees

The legislation, backed by restaurants and other trade associations, was opposed by financial institutions. It heads to the governor's desk.

A bill to stop credit card companies from profiting off of local taxes ...