Prohibits credit and debit card interchange fees from being applied to sales tax and gratuity.

This New Jersey bill prohibits payment card networks from charging interchange fees on sales tax and gratuity amounts included in credit and debit card transactions. The law requires merchants to send tax and tip data separately during the payment process so that fees are only applied to the actual purchase price. If a merchant fails to separate these amounts initially, they can submit the data within 180 days to receive a refund for any fees incorrectly charged on the tax or gratuity. Violations of this rule could result in a $1,000 penalty per transaction and an order to refund the affected fees to the merchant.