GA SB512

Payment card networks (Visa, Mastercard, etc.) are prohibited from charging interchange fees on the tax portion of credit or debit card transactions at Georgia retailers

Networks must either exclude taxes from interchange fee calculations at the time of each transaction or refund the tax-related portion of fees to retailers on at least a quarterly basis

If a retailer cannot transmit tax amounts at the point of sale, the network must provide quarterly refunds upon receiving proof of taxes collected

Willful violations subject payment card networks to civil penalties equal to the interchange fees charged on taxes plus 10 percent annually

Networks are prohibited from raising interchange fee rates on the non-tax portion of transactions to circumvent the law's requirements