Bills › 91st General Assembly
Where it is now
- Done: IntroducedApril 17, 2025
- Done: SubcommitteeApril 21, 2025
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committeeFunnel: by March 20, 2026
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
Currently, a payment card network (credit or debit card) charges an interchange fee upon the entire electronic payment transaction amount, including the amount of any taxes charged. This bill excludes the amount of tax listed on the electronic payment transaction from the payment card network’s interchange fee assessed upon such a transaction. The bill defines “interchange fee” to mean a fee established, charged, or received by a payment card network for the purpose of compensating the issuer for its involvement in an electronic payment transaction.
Read the full explanation
41, and cigarette and tobacco taxes under Code chapter 453A. _____ the amount of any tax imposed from the calculation of an interchange fee specific to each form or type of electronic payment transaction at the time of settlement, or requires the payment card network to rebate the amount of an interchange fee proportionate to the amount attributable to the amount of tax. If a seller is unable to capture and transmit tax or amounts relevant to the sale at the time of the sale, the bill requires the payment card network to promptly credit the settlement account of the seller, upon sufficient proof. A payment card network that violates the bill is subject to a civil penalty in the amount of $1,000 per violation. Any moneys collected for violations of the bill shall be deposited into the general fund of the state. In lieu of the civil penalty, a person may enforce the bill through a private action, and any penalty amounts are recoverable by the person bringing the private action.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Senate subcommittee
Named April 21, 2025. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
2 written public comments to its subcommittee: March 5, 2026 (2) · on the Legislature’s site
Iowa Code it changes
Creates§423H.1§423H.2§423H.3§423H.4
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
13 for · 12 against · 2 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
91st General Assembly
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.