LA HB417

Prohibits credit card swipe fees (interchange and assessment fees) from being calculated on the state/local tax and gratuity portions of electronic payment transactions in Louisiana

Requires payment card networks to either deduct tax and gratuity amounts from swipe fee calculations at settlement or rebate merchants the equivalent swipe fees on those amounts

Mandates rebates within 180 days of transaction and 30 days after merchant submits sales data when tax/gratuity amounts cannot be captured at the time of sale

Prohibits payment card issuers and networks from increasing fees on non-tax/non-gratuity portions of transactions to circumvent the law

Establishes civil penalties up to $1,000 per violation, enforceable by the Attorney General, with violators required to refund improperly charged swipe fees to merchants