Big win for merchants.
A federal court has upheld Illinois’ law banning swipe fees on sales taxes—modeled on Tennessee’s own Swipe Fee Fairness Act. This ruling confirms states can regulate payment card companies.
Tennessee retailers shouldn’t pay a tax on a tax.
We need our legislators to take action to stop burdening our retailers with excessive swipe fees! One step would be moving forward with House Bill 2394, which would eliminate swipe fees being charged on the sales tax portion of a transaction.
https://t.co/oFPtwDwnx4