Keep Colorado's Money in Colorado
SB26-134: A Common Sense Bill to Protect Small Businesses and Consumers
Colorado lawmakers—led by Senator William Lindstedt—have introduced new legislation that aims to bring small businesses relief on credit card fees. In 2024, Colorado paid $217 million in swipe fees on sales tax—money currently flowing from Main Street to Wall Street.
SB26-134 will be introduced with a $60B asset threshold, meaning every Colorado local community bank and credit union is fully exempt. We are fighting to keep Colorado cash local rather than letting out of state banks profit off our communities.
SB26-134 will be introduced with a $60B asset threshold, meaning every Colorado local community bank and credit union is fully exempt. We are fighting to keep Colorado cash local rather than letting out of state banks profit off our communities.
By changing the way swipe fees are applied to local taxes, this new legislation will bring local restaurants and retailers immediate relief through targeted reform.
Key Differences from 2025 Legislation
What SB26-134 Covers
Change to Point of Sales Taxes: Payment card networks cannot charge swipe fees on the sales tax part of a sale. Swipe fees can only apply to the price of the item, not state or local taxes.
Payment Card Networks: Payment card networks will be required to adjust fee structures to exclude taxes and avoid indirect workarounds.
Penalties:This new bill creates clear private enforcement mechanisms and financial penalties for noncompliance. Merchants, consumers or other injured parties may bring a civil lawsuit against a payment card network that violates the law.
Join us and vote YES on Colorado’s new 2026 legislation to keep Colorado’s cash local!