New York legislation · 2025-2026 General Assembly
New York A4017: Relates to excluding taxes from the amount on which credit card transaction fees are based
Status: In committee, April 24, 2026
Excludes the amount of state and local taxes and fees from the amount on which an interchange fee is charged for that electronic payment transaction by a credit or debit card network; prohibits a payment card network from altering or manipulating the computation and imposition of interchange fees.
What the bill says
An act to amend the general business law, in relation to the calculation of interchange fees charged by credit card networks.
From the amended text, April 24, 2026:
AN ACT to amend the general business law, in relation to the calculation of interchange fees charged by credit card networks THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new article 42-A to read as follows: ARTICLE 42-A INTERCHANGE FEES SECTION 1120. DEFINITIONS. 1121. CALCULATION OF INTERCHANGE FEES. 1122. REBATE OF FEES ON TAX AMOUNT. 1123. PENALTIES. § 1120. DEFINITIONS. FOR PURPOSES OF THIS ARTICLE: 1. "CREDIT CARD" MEANS A CARD, PLATE, COUPON BOOK, OR OTHER CREDIT DEVICE EXISTING FOR THE PURPOSE OF OBTAINING MONEY, PROPERTY, LABOR, OR SERVICES ON CREDIT. 2. "DEBIT CARD": (A) MEANS A CARD, OR OTHER PAYMENT CODE OR DEVICE, ISSUED OR APPROVED FOR USE THROUGH A PAYMENT CARD NETWORK TO DEBIT AN ASSET ACCOUNT, REGARDLESS OF THE PURPOSE FOR WHICH THE ACCOUNT IS ESTABLISHED, WHETHER EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04674-03-6 A. 4017--A 2 AUTHORIZATION IS BASED ON SIGNATURE, PERSONAL IDENTIFICATION NUMBER, OR OTHER MEANS; AND (B) INCLUDES A GENERAL-USE PREPAID CARD, AS DEFINED IN 15 U.S.C. § 1693L-1; AND (C) DOES NOT INCLUDE PAPER CHECKS. 3. "ELECTRONIC PAYMENT TRANSACTION" MEANS A TRANSACTION IN WHICH A CONSUMER USES A DEBIT CARD, CREDIT CARD, …
Sponsors
- John McDonald (D, 108) · primary sponsor
- Paula Kay (D, 100)
- Zohran Mamdani (D, 36)
- Angelo Santabarbara (D, 111)
- Carrie Woerner (D, 113)
- William Conrad (D, 140)
- Karines Reyes (D, 87)
- Grace Lee (D, 65)
- Kalman Yeger (D, 41)
- Michael Novakhov (R, 45)
- Matthew Simpson (R, 114)
- Jeff Gallahan (R, 131)
Latest actions
- : PRINT NUMBER 4017A
- : AMEND AND RECOMMIT TO CONSUMER AFFAIRS AND PROTECTION
- : REFERRED TO CONSUMER AFFAIRS AND PROTECTION
- : REFERRED TO CONSUMER AFFAIRS AND PROTECTION
Subjects: General Business Law
Common questions
- What is A4017?
- A4017 is a bill in the New York Legislature (2025-2026 General Assembly): Relates to excluding taxes from the amount on which credit card transaction fees are based.
- What does A4017 do?
- In its own words: An act to amend the general business law, in relation to the calculation of interchange fees charged by credit card networks.
- What is the status of A4017?
- In committee as of April 24, 2026. Latest action: PRINT NUMBER 4017A (April 24, 2026).
- Who sponsored A4017?
- John McDonald (D, 108), with 11 co-sponsors.
- Where is the official record for A4017?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A4017
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.