Thank you for taking action!

SB26-134 legislation addresses the unfair "swipe" fees paid by Colorado businesses to card networks.

In 2024, Coloradans paid $217 million in swipe fees on sales tax, with no market competition to drive down costs. By changing the way these swipe fees are applied to local taxes, this new legislation will bring local businesses like restaurants and other small retailers immediate price relief. Its goal is to prevent merchants from paying interchange fees on sales taxes – money they remit to the state anyway - and to stop networks from avoiding that restriction.  

This bill will be enforced by businesses through their contracts, not a traditional private right of action. It sets clear limits on when fees can be applied, ensuring businesses can hold card networks accountable for contract violations. Only directly involved parties can seek enforcement, maintaining fair and targeted accountability.

Thank you for your support and letting your legislators know we need action now!