New York A 4017: Relates to excluding taxes from the amount on which credit card transaction fees are based

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A04017 Summary:

BILL NOA04017A

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SAME ASSAME AS S05587-A

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SPONSORMcDonald

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COSPNSRKay, Mamdani, Santabarbara, Woerner, Conrad, Reyes, Lee, Yeger, Novakhov, Simpson, Gallahan,
 Hawley, Chang, Magnarelli, Schiavoni, Colton, Carroll P, Buttenschon, Lunsford, Burroughs, Beephan,
 Manktelow, Morinello, Angelino, McDonough, Palmesano, Bailey, Chludzinski, DeStefano, Pirozzolo,
 Kassay, Lemondes, Griffin, Molitor, Fall, Burdick, Levenberg, Romero, Gallagher, Simon, Sayegh,
 McMahon, Bendett, Giglio, Gray

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MLTSPNSR

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Add Art 42-A §§1120 - 1123, Gen Bus L

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Excludes the amount of state and local taxes and fees from the amount on which an interchange fee is charged for that electronic payment transaction by a credit or debit card network; prohibits a payment card network from altering or manipulating the computation and imposition of interchange fees.

Go to top A04017 Actions:

BILL NOA04017A

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01/30/2025referred to consumer affairs and protection

01/07/2026referred to consumer affairs and protection

04/24/2026amend and recommit to consumer affairs and protection

04/24/2026print number 4017a

Go to topA04017 Committee&nbspVotes:

Go to topA04017 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA04017 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4017--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 30, 2025
 ___________

 Introduced by M. of A. McDONALD, KAY, SANTABARBARA, WOERNER, CONRAD,
 REYES, LEE, YEGER, NOVAKHOV, SIMPSON, GALLAHAN, HAWLEY, CHANG, MAGNAR-
 ELLI, SCHIAVONI, COLTON, P. CARROLL, BUTTENSCHON, LUNSFORD, BURROUGHS,
 BEEPHAN, MANKTELOW, MORINELLO, ANGELINO, McDONOUGH, PALMESANO, BAILEY,
 CHLUDZINSKI, DeSTEFANO, PIROZZOLO, KASSAY, LEMONDES, GRIFFIN, MOLITOR,
 FALL, BURDICK, LEVENBERG, ROMERO, GALLAGHER, SIMON, SAYEGH, McMAHON,
 BENDETT, GIGLIO, GRAY -- read once and referred to the Committee on
 Consumer Affairs and Protection -- recommitted to the Committee on
 Consumer Affairs and Protection in accordance with Assembly Rule 3,
 sec. 2 -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee

 AN ACT to amend the general business law, in relation to the calcu-
 lation of interchange fees charged by credit card networks

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The general business law is amended by adding a new article
 2 42-A to read as follows:
 3 ARTICLE 42-A
 4 INTERCHANGE FEES
 5 Section 1120. Definitions.
 6 1121. Calculation of interchange fees.
 7 1122. Rebate of fees on tax amount.
 8 1123. Penalties.
 9 § 1120. Definitions. For purposes of this article:
 10 1. "Credit card" means a card, plate, coupon book, or other credit
 11 device existing for the purpose of obtaining money, property, labor, or
 12 services on credit.
 13 2. "Debit card":
 14 (a) means a card, or other payment code or device, issued or approved
 15 for use through a payment card network to debit an asset account,
 16 regardless of the purpose for which the account is established, whether

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04674-03-6

 A. 4017--A 2

 1 authorization is based on signature, personal identification number, or
 2 other means; and
 3 (b) includes a general-use prepaid card, as defined in 15 U.S.C. §
 4 1693l-1; and
 5 (c) does not include paper checks.
 6 3. "Electronic payment transaction" means a transaction in which a
 7 consumer uses a debit card, credit card, or other payment code or
 8 device, issued or approved through a payment card network to debit a
 9 deposit account or use a line of credit, whether authorization is based
 10 on a signature, personal identification number, or other means.
 11 4. "Interchange fee" means a fee established, charged, or received by
 12 a payment card network for the purpose of compensating the issuer for
 13 its involvement in an electronic payment transaction.
 14 5. "Issuer" means a person issuing a debit card or credit card, or the
 15 issuer's agent.
 16 6. "Payment card network" means an entity that:
 17 (a) directly, or through licensed members, processors, or agents
 18