BILL · 2005–06 SESSION

HB 2938: Credit card applications

Addressing credit card applications and rates.

Summary

  • Increases the tax rate on the gross income generate from credit card interest rates that exceed the state usury rate.
  • Creates a vocational education account (Account) that may only be used for the enhancement of expenditures on vocational education.
  • Deposits the taxes from the increased credit card tax rate into the Account.
  • Makes the sending of unsolicited credit cards by a state chartered financial institution a violation of the Consumer Protection Act.

From the House Bill Analysis (HB 2938), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 17, 2006
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Maralyn Chase (D-32)
Introduced
January 17, 2006 in the House
Last action
January 17, 2006
Companion bill
SB 6863
Budget
Has a fiscal note

AN ACT Relating to credit cards;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Financial Institutions & Insurance.

HB 2938 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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