CT SB01460

Payment card networks must exclude Connecticut sales and use taxes from the transaction amount when calculating interchange fees charged to retailers, effective October 1, 2026

Networks must either deduct the tax amount at settlement or provide retailers a proportionate rebate of interchange fees attributable to the tax portion

Retailers unable to transmit tax information at the time of sale may submit sales data as proof, and networks must promptly credit their settlement accounts

Attorney General may bring enforcement actions in Hartford Superior Court for violations, seeking civil penalties up to $1,000 per violation plus refunds to affected retailers