Colorado Governor Receives Bill to Outlaw Swipe Fees on Sales Tax

If Colorado’s governor signs a bill that’s now on his desk, the state will prohibit payment card networks from charging an interchange fee, or “swipe fee,” on the sales tax portion of a debit card or credit card transaction. The bill, SB26-134 , was passed by a 44 to 20 vote in the Colorado House, the Colorado House Democrats said in a Wednesday (May 6) press release . Having passed the Colorado General Assembly, the bill now needs only the signature of Colorado Governor Jered Polis to become la