Illinois General Assembly - Bill Status for SB2083
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 Bill Status of SB2083  102nd General Assembly


Short Description:  INTERCHANGE FEE ACT

Senate Sponsors
Sen. Cristina Castro

Last Action
DateChamber Action
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Interchange Fee Act. Provides that the amount of any covered tax that is calculated as a percentage of the gross retail income received by a merchant or seller in an electronic payment transaction and listed separately on the payment invoice or other demand for payment must be excluded from the amount upon which any interchange fee is charged for the electronic payment transaction with respect to which the covered tax is imposed. Contains provisions concerning penalties.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Cristina Castro
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/16/2021SenateAssigned to Revenue
  3/24/2021SenatePostponed - Revenue
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

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