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.