SB 677: Sales transactions; discounts inducing payment by cash, check, or similar means; options; disclosure; surcharges; repealing provision prohibiting surcharge on use of credit and debit card. Effective date. - Oklahoma

Floor (House) → Floor (Senate) · 6 edits

MODERATE

The bill was amended to remove the substantive policy provisions regarding cash discounts and credit card surcharges, leaving only the repeal of an outdated surcharge law. This change significantly narrows the bill's scope from regulating both discounts and surcharges to solely repealing a previous statute.

Scope change

The bill's scope was reduced from regulating both cash discounts and credit card surcharges to only repealing a specific surcharge statute.

REQUIREMENT

Removed all text establishing rules for offering discounts to cash or check payers.

Removed all text establishing rules and limits for imposing surcharges on credit card users.

Removed exemptions allowing private schools and municipalities to charge service fees.

DEFINITION

Removed definitions for 'credit card', 'seller', and 'surcharge'.

TIMELINE

Changed the committee report date from April 24, 2025, to February 20, 2025.

TECHNICAL

Changed the committee name from 'Commerce and Economic Development' to 'Business and Insurance'.

House Committee Substitute for Senate Bill → Floor (House) · 4 edits

MODERATE

The bill was updated from a Senate version to the House Floor version, adding a new co-sponsor (Rep. Frix) and reformatting the text for the House record. The substantive policy content regarding discounts, surcharges, and definitions remains unchanged, though the House version includes a note indicating bold face text denotes committee amendments.

Scope change

The bill's scope and applicability remain unchanged; the differences are primarily formatting and the addition of a co-sponsor.

TECHNICAL

Added Representative Frix as a co-sponsor to the bill.

Updated the header to reflect the House of Representatives Floor Version instead of the Senate Committee Substitute.

Reformatted the text layout and page numbering to match House floor procedures.

Added a footer note stating that bold face text denotes Committee Amendments.

Proposed Committee Substitute (full committee) 1 → House Committee Substitute for Senate Bill · 6 edits

MODERATE

This bill updates Oklahoma's laws regarding cash discounts and credit card surcharges. It expands the definition of eligible payment methods to include debit cards, removes the cap on cash discount amounts, and adds specific rules for money transmitters. Additionally, it clarifies definitions for 'credit card' and 'surcharge' and repeals an older statute regarding credit card fees.

Scope change

The bill expands the scope of the discount provision to include debit cards alongside cash and checks, and adds a new category of regulated businesses (money transmitters).

ELIGIBILITY

Expanded the list of payment methods eligible for cash discounts to include debit cards, whereas the previous version only mentioned cash, checks, or similar means.

Added specific provisions for money transmitters registered with the U.S. Treasury, allowing them to charge different prices based on the mode of transmission (e.g., online vs. in-person) without violating the surcharge rules.

REQUIREMENT

Removed the previous limit on the amount of discount a seller could offer, allowing sellers to offer discounts of any size to encourage cash or debit payments.

DEFINITION

Updated the definition of 'credit card' to explicitly include debit credit cards, charge cards, and credit plates, ensuring broader coverage under the new rules.

Added a specific definition for 'surcharge' to clarify it is any additional amount charged specifically for using a credit card as payment.

ENFORCEMENT

Repealed the previous statute (14A O.S. 2021, Section 2-417) that regulated surcharges for credit or debit card use, replacing it with the new, more detailed framework in this bill.

Enrolled (final version) → Proposed Committee Substitute (full committee) 1 · 1 edit

MINOR

The bill text was completely replaced with a new version that includes committee amendments and formatting changes. While the core legal provisions regarding cash discounts and credit card surcharges remain substantively identical to the original, the document now reflects a formal committee substitute status with updated headers and page numbering.

Scope change

The scope of the bill's legal effect remains unchanged, but the document's status has shifted from an 'Enrolled' final version to a 'Proposed Committee Substitute' indicating it is still in the legislative process.

TECHNICAL

The entire text of the bill was replaced with a new version containing committee amendment headers, updated metadata (dates and names), and re-numbered pages, but the actual legal language regarding discounts and surcharges is identical to the original.

Engrossed → Enrolled (final version) · 8 edits · May 28, 2025

MODERATE

The bill was finalized and signed into law, expanding the ability for merchants to offer discounts for cash payments without limits and clarifying rules for credit card surcharges. It also added a specific exemption for private schools and money transmitters, updated the effective date to November 1, 2025, and corrected the legislative history to reflect that the bill passed both the Senate and House.

Scope change

The bill's scope was expanded to explicitly include 'lease transactions' alongside sales and services, and a new exemption was added for private educational institutions and money transmitters.

TIMELINE

The effective date for the new surcharge and discount rules was set to November 1, 2025.

SCOPE

The definition of covered transactions was expanded to include lease transactions in addition to sales and services.

ELIGIBILITY

A new exemption was created allowing private educational institutions, private schools, municipalities, and public trusts to charge service fees to cover processing costs.

Money transmitters registered with the U.S. Treasury are now exempt from surcharge restrictions if they charge different prices based on the mode of transmission.

DEFINITION

The bill was amended to include specific definitions for 'credit card', 'seller', and 'surcharge' to clarify legal requirements.

REQUIREMENT

New requirements mandate that surcharge notices must be posted at the point of entry and sale (or on the website for online sales) and verbally disclosed for phone transactions.

The maximum surcharge limit was set at 2% of the transaction amount or the actual processing cost, whichever is less.

TECHNICAL

The bill text was updated from 'Engrossed' to 'Enrolled' to reflect its final status after passing both legislative chambers and receiving gubernatorial approval.

Amended And Engrossed → Engrossed · 7 edits · May 20, 2025

MODERATE

The House amended the bill to fundamentally change its purpose from repealing a surcharge ban to establishing a new framework that allows merchants to offer cash discounts without limit while strictly limiting credit card surcharges to 2%. The amendment also adds specific definitions for 'credit card' and 'debit card', creates exemptions for private schools and municipalities regarding service fees, and moves the repealer of the old surcharge ban to Section 1.

Scope change

The bill's scope expanded from a simple repeal of a surcharge ban to a comprehensive regulation of both cash discounts and credit card surcharges, including new definitions and exemptions for specific entities.

SCOPE

Changed the bill's primary focus from repealing a surcharge ban to regulating both cash discounts and credit card surcharges.

Moved the repeal of the old surcharge ban (14A O.S. 2021, Section 2-417) to Section 1 to take effect immediately upon passage.

REQUIREMENT

Added a strict 2% cap on credit card surcharges and required clear notice of these fees at the point of sale.

Added a provision allowing money transmitters to charge different prices based on transmission mode if the credit card price is not higher than other payment methods.

DEFINITION

Added new definitions for 'credit card' (broadly including debit cards) and 'surcharge'.

ELIGIBILITY

Created exemptions allowing private schools, municipalities, and public trusts to charge service fees limited to actual processing costs.

TIMELINE

Changed the effective date from November 1, 2025, to November 1, 2026.

Introduced → Amended And Engrossed · 5 edits · May 20, 2025

MODERATE

The bill was amended to fundamentally shift its focus from strictly prohibiting credit card surcharges to a more balanced approach that allows unlimited discounts for cash/check payments while strictly limiting credit card surcharges to 2%. The amendment also clarifies that money transmitters can charge different fees based on payment method and adds specific exemptions for private schools and municipalities.

Scope change

The bill now explicitly covers money transmitters and electronic funds transmission services, which were not clearly addressed in the original version.

REQUIREMENT

Changed the policy stance from a total ban on credit card surcharges to allowing them up to a 2% limit, while simultaneously removing any cap on discounts offered for cash or check payments.

Specified that surcharge notices must be posted at the point of entry and sale for in-person transactions and on the homepage for online transactions.

ELIGIBILITY

Added an exemption allowing private educational institutions, private schools, municipalities, and public trusts to charge service fees limited to actual processing costs.

DEFINITION

Added a specific provision clarifying that money transmitters registered with the US Treasury can charge different prices for funds transmission based on the payment method used.

Updated the definition of 'credit card' to include various types of instruments like charge cards and debit credit cards.

Sales transactions; discounts inducing payment by cash, check, or similar means; options; disclosure; surcharges; repealing provision prohibiting surcharge on use of credit and debit card. Effective date.

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