April 28, 2025
Take Action on SB 1460! Connecticut businesses pay more than $100 million annually in swipe fees on sales tax.
Connecticut businesses pay over $100 million each year in credit card swipe fees on sales tax. However, your state legislature has the opportunity to relieve some of this burden! Senate Bill 1460 is a common-sense solution. It will stop payment card networks from charging interchange (or “swipe”) fees on the state sales tax portion of a transaction – an amount small businesses never keep.
Tell your legislators to stand with Connecticut’s small businesses by supporting SB 1460 to help alleviate the burden of credit card swipe fees. >>>>> https://www.votervoice.net/iframes/NFIB/7/Campaigns/125498/Respond
SB 1460 is not about attacking credit card use – it’s about creating a level playing field and ensuring local businesses can compete and thrive. Why does supporting this bill matter?:
- Swipe fees are the second-highest cost for many small businesses after labor.
- Without action, these fees will continue to increase and hurt Main Street.
- SB 1460 ensures transparency and fairness in how fees are calculated.
As a small business owner, you’re already navigating rising labor, supply, and energy costs. Let’s fix this broken system and protect Connecticut’s small business economy.
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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