SB 2083

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Interchange Fee Act

Abstract

Creates the Interchange Fee Act. Provides that the amount of any covered tax that is calculated as a percentage of the gross retail income received by a merchant or seller in an electronic payment transaction and listed separately on the payment invoice or other demand for payment must be excluded from the amount upon which any interchange fee is charged for the electronic payment transaction with respect to which the covered tax is imposed. Contains provisions concerning penalties.

Bill Sponsors (1)

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Jan 10, 2023

Senate

Session Sine Die

Apr 16, 2021

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 24, 2021

Senate

Postponed - Revenue

Mar 16, 2021

Senate

Assigned to Revenue

Feb 26, 2021

Senate

Filed with Secretary by Sen. Cristina Castro

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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