Minnesota HF4956: Interchange fees on state and local taxes prohibited.

What the bill says

A bill for an act relating to commerce; prohibiting interchange fees on state and local taxes; proposing coding for new law in Minnesota Statutes, chapter 53B.

From the introduced text, April 13, 2026:

A bill for an act relating to commerce; prohibiting interchange fees on state and local taxes; proposing coding for new law in Minnesota Statutes, chapter 53B. Section 1. new text begin [ PROHIBITION.] new text end new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Definitions.] new text end new text begin [ADDED: (a) For purposes of this section, the following terms have the meanings given.] new text end new text begin [ADDED: (b) "Acquirer bank" means a member of a payment card network that contracts with a merchant, including directly or indirectly through a processor, to process and settle electronic payment transactions. ] new text end new text begin [ADDED: (c) "Authorization" means the process through which a merchant requests approval for an electronic payment transaction from the issuer.] new text end new text begin [ and (2) calculate fees and charges, including interchange fees, that apply to the issuer and the merchant.] new text end new text begin [ADDED: (e) "Credit card" means a card or device issued under an arrangement pursuant to which a financial institution provides to a cardholder the privilege of obtaining credit from the financial institution or other person to purchase or lease property or services, obtain a loan, or otherwise.] new text end new text begin [ADDED: (f) "Debit …

Read the full official text

Sponsors

• Brad Tabke (D) · primary sponsor
• Dave Baker (R)
• Larry Kraft (D)
• Matt Norris (D)

Latest actions

1. April 16, 2026: Author stricken Perryman
2. April 13, 2026: Introduction and first reading, referred to Commerce Finance and Policy

Common questions

What is HF4956?

HF4956 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Interchange fees on state and local taxes prohibited.

What does HF4956 do?

In its own words: A bill for an act relating to commerce; prohibiting interchange fees on state and local taxes; proposing coding for new law in Minnesota Statutes, chapter 53B.

What is the status of HF4956?

In committee as of April 16, 2026. Latest action: Author stricken Perryman (April 16, 2026).

Who sponsored HF4956?

Brad Tabke (D), with 3 co-sponsors.

Where is the official record for HF4956?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=HF4956&y=2025&ssn=0&b=house