BILL · 2007–08 SESSION
SB 5884: Interchange fees
Protecting consumers by requiring the state to reimburse a retail seller for the state portion of any sales tax paid on interchange fees.
Summary
- Retail sellers are entitled to a credit on their state tax return equal to the amount of the interchange fees that were charged by a financial institution on the portion of the retailer's sales that were sales tax. Sellers must keep adequate records to enable the Department of Revenue to verify their eligibility for this credit.
From the Senate Bill Report (SB 5884), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedFeb 5, 2007
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Ken Jacobsen (D-46)
- Introduced
- February 5, 2007 in the Senate
- Last action
- January 14, 2008
- Budget
- Has a fiscal note
AN ACT Relating to creating a sales tax exemption for retail sellers for the state sales tax on interchange fees;
Sponsors
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to Financial Institutions & Insurance.
SB 5884 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5884 (2025–26) Underutilized property/tax
- SB 5884 (2023–24) Restitution/env. crimes
- SB 5884 (2021–22) Behavioral health support
- SB 5884 (2019–20) Evergreen promise pilot
- SB 5884 (2017–18) Fiscal matters T.O.
- SB 5884 (2015–16) Trafficking of persons
- SB 5884 (2013–14) Birth control/medicaid
- SB 5884 (2011–12) Fiscal matters T.O.