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NY S01378
Bill
Status
1/11/2023
Primary Sponsor
Simcha Felder
Click for details
AI Summary
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Prohibits New York City agencies and departments from charging surcharges when cardholders use credit or debit cards to pay fines, civil penalties, or fees instead of cash or checks.
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Allows agencies to charge reasonable and uniform fees that do not exceed the actual cost of processing the credit card transaction, including fees paid to the financing agency.
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Removes "fine" and "civil penalty" from the list of payments subject to credit card surcharges, while keeping fees, rent, rates, and charges eligible for cost-based fees.
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Defines key terms including "holder," "credit card," "debit card," "issuer," and "person" for purposes of the surcharge prohibition.
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Takes effect 90 days after becoming law.
Legislative Description
Prohibits certain surcharges on certain credit or debit card transactions in the city of New York; provides that no agency or department of the city of New York, or any tribunal located therein, shall be authorized to impose a surcharge on a holder who elects to use a credit or debit card in lieu of payment by cash, check, or similar means to pay any fine, civil penalty, or fee owed.
Last Action
REPORTED AND COMMITTED TO FINANCE
3/26/2024