An act relating to credit card fees

S.316 prohibits credit card networks from charging fees on the portion of a transaction that covers tax or gratuity (tip). This directly affects merchants (like restaurants and retailers), payment card networks (such as Visa or Mastercard), and banks that issue credit cards. The bill requires that any credit card fee must be calculated only on the non-tax, non-gratuity amount of a purchase, preventing networks from charging fees on taxed or tipped portions. The law takes effect on July 1, 2026, and includes civil penalties for violations.