06RS HB592

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 592 (BR 2185) - C. Belcher, M. Henley

AN ACT relating to credit card transactions.
Create a new section of KRS Chapter 367 to require that discount rates, transaction charges, interchange rates, or any other charges and fees charged to merchants or deducted from credit card sales for processing credit card transactions where the charges or fees are a percentage multiplied by the gross dollar amount of the credit card transaction must be based on the dollar amount of the credit card sale excluding any taxes on the sale; declare that any such fees shall not be applied to the tax portion of any credit card sales; provide that violation of this section is an unfair, false, misleading, or deceptive act or practice in the conduct of trade or commerce in violation of KRS 367.170.

HB 592 - AMENDMENTS

HFA (1, C. Belcher) - Provide that a credit card issuer shall not be deemed to be in violation if the tax portion of any credit card sale is not separated out from the amount of the credit card sale.

     Feb 16-introduced in House
     Feb 17-to Banking and Insurance (H)
     Feb 23-posted in committee
     Mar 8-reported favorably, 1st reading, to Calendar; floor amendment (1) filed
     Mar 9-2nd reading, to Rules
     Mar 15-recommitted to Appropriations and Revenue (H)

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