CREDIT/CARDS: Provides relative to preventing credit card companies from assessing a fee on tax and tip

HB 417 prevents credit card companies from charging processing fees on state or local taxes and tips (gratuities) for transactions in Louisiana. It requires payment networks to either exclude these amounts from fee calculations at settlement or provide merchants with a rebate for fees incorrectly applied to tax or tip portions. The law specifically applies when tax and tips are listed separately on customer receipts, directly affecting restaurants, retailers, and other businesses that accept credit cards. This change aims to reduce costs for merchants by ensuring they aren't charged fees on legally mandated taxes or customer tips.