Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB3442 by Raney (Relating to debit card or stored value card surcharges; providing a civil penalty.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Finance Code to provide a civil penalty for persons who knowingly violate the prohibition against imposing a surcharge on purchases of goods and services with a debit or store value card. The Office of the Attorney General indicated the costs associated with implementation of the bill could be absorbed with existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.