Amid court battle, lawmakers look to push back ‘swipe fees’ ban – Capitol News IL

The ban was a request of the Illinois Retail Merchants Association as part of a deal during budget negotiations last spring. State lawmakers capped a monthly sales tax deduction claimed by retailers at $1,000 to generate $101 million to fill a budget hole. In exchange, lawmakers passed the ban on swipe fees.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE