An Act amending Title 72 (Taxation and Fiscal Affairs) of the Pennsylvania Consolidated Statutes, providing for interchange fee tax exclusion and for penalties; and making editorial changes.

This bill modifies Pennsylvania's tax laws to exclude sales tax from the calculation of interchange fees charged on credit and debit card transactions. It requires payment card networks to either deduct the tax amount from these fees at the time of settlement or refund a proportional portion of the fee if the tax was not initially separated. The legislation defines specific terms like "interchange fee" and "electronic payment transaction" to clarify which fees are affected and outlines penalties for networks that fail to comply, including fines and mandatory refunds to merchants.