Senate committee debates bill to bar interchange fees on state and local sales taxes Senator Echols’ SB 512 would prohibit merchants from being charged interchange (swipe) fees on the tax portion of transactions. Retailers backed the measure as fairness and cost relief; banks, credit unions and processors warned of fraud risk, technical complexity and market interference. The committee took testimony but did not vote.

Senator Echols is challenging the unfair practice of charging swipe fees on state taxes, which could save Georgia retailers millions—will this bill bring the change they need?

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#GA #CitizenPortal #EconomicFairness #FraudProtection #InterchangeFees #GeorgiaRetail

Committee advances bill allowing retailers to round cash totals to nearest nickel after penny production ceased Committee approved a bill permitting retailers to round cash transactions to the nearest five cents according to set rules (round down on totals ending in 1,2,6,7; round up on 3,4,8,9), while preserving pennies as legal tender and keeping tax calculated on the pre-rounded sales price.

Georgia is set to standardize cash transactions by allowing retailers to round to the nearest nickel as penny production ends—what does this mean for your change?

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#GA #ConsumerProtection #CitizenPortal #EconomicPolicy #BusinessRegulation #GeorgiaRetail