Bill Text: NJ A1609 | 2016-2017 | Regular Session | Introduced
Bill Title: Stipulates that retail motor fuel dealers, when paying interchange fees, shall not be charged for costs associated with certain taxes.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2016-01-27 - Introduced, Referred to Assembly Consumer Affairs Committee [A1609 Detail]
Download: New_Jersey-2016-A1609-Introduced.html
STATE OF NEW JERSEY
217th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2016 SESSION
Sponsored by:
Assemblyman SCOTT T. RUMANA
District 40 (Bergen, Essex, Morris and Passaic)
Assemblywoman BETTYLOU DECROCE
District 26 (Essex, Morris and Passaic)
SYNOPSIS
Stipulates that retail motor fuel dealers, when paying interchange fees, shall not be charged for costs associated with certain taxes.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act concerning credit card interchange fees for retail motor fuel dealers and supplementing Title 56 of the Revised Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. The costs associated with the tax on petroleum products assessed pursuant to the "Motor Fuel Tax Act," P.L.2010, c.22 (C.54:39-101 et seq.) and the "Petroleum Products Gross Receipts Tax Act," P.L.1990, c.42 (C.54:15B-1 et seq.) shall not be included in any interchange fees charged to a retail dealer in connection with the use of a credit card or debit card by a customer for the purchase of motor fuels.
2. This act shall take effect immediately.
STATEMENT
This bill provides that the costs associated with the tax on petroleum products assessed pursuant to the "Motor Fuel Tax Act," P.L.2010, c.22 (C.54:39-101 et seq.) and the "Petroleum Products Gross Receipts Tax Act," P.L.1990, c.42 (C.54:15B-1 et seq.) shall not be included in any interchange fees charged to a retail dealer in connection with the use of a credit card or debit card by a customer for the purchase of motor fuels.
