Swipe fee bill survives second vote in the Senate
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Published on May 1, 2026.
Senate Bill 134, known as the swipe fee bill, has survived a second final vote in the Colorado Senate, survived a controversial bill that would prevent banks and credit card companies from charging interchange fees on sales tax paid by retailers. The bill, which supporters argue that retailers pay 2.5 to 3% of their credit card charge on their purchases, was supported by Colorado’s restaurants, breweries, small businesses, retailers, and big box retailers such as Walmart, Target and Home Depot. However, opposition groups claim that big box retailer retailers are the primary beneficiaries of the bill. The Secretary of State's website showed 175 lobbyists and lobbying firms signed up to work on the bill, including about half in support and half opposed. Critics argue that the bill will result in litigation and a threat tied to a similar law coming out of Illinois.
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