BILL · 2007–08 SESSION

HB 1245: Credit cards

Addressing credit card applications and rates.

Summary

Increases the tax rate on the gross income generated 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 card applications by a state chartered financial institution a violation of the Consumer Protection Act.

From the House Bill Analysis 2007 (HB 1245), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

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

Jan 14, 2008By resolution, reintroduced and retained in present status.
Jan 15, 2007First reading, referred to Insurance, Financial Service & Consumer Protection.

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

HB 1245 (2025–26) Business development · Did not pass · died in committee
HB 1245 (2023–24) Lot splitting · Did not pass · passed House, stalled in Senate
HB 1245 (2021–22) State estate tax, repealing · Did not pass · died in committee
HB 1245 (2019–20) School safety planning · Did not pass · died in committee
HB 1245 (2017–18) Product labeling tax incent. · Did not pass · died in committee
HB 1245 (2015–16) Gun sale background checks · Did not pass · died in committee
HB 1245 (2013–14) Derelict & abandoned vessels · Enacted · Chapter 291, Laws of 2013
HB 1245 (2011–12) Municipal court judges · Did not pass · died in committee