Oklahoma Senate Bill SB1095

Oklahoma 2026 Regular Session

• Introduced: 2/3/25
• Refer: 2/4/25

Caption

Credit sales; prohibiting charge of network fees and interchange fees on certain transactions. Effective date.

Summary

SB1095 creates a new section of Oklahoma law governing credit card sales and merchant fees. It defines “interchange transaction fee” and “network fee” by reference to federal law and then prohibits merchants from being charged those fees on the portion of a credit card transaction that pays sales tax, excise tax, customer tips, or a donation to a qualifying 501(c)(3) nonprofit organization. In practical terms, the bill would require payment networks and card processors to exclude those specified amounts from fee calculations, so that merchants are not assessed card-network or interchange charges on money that is collected and passed through for taxes, gratuities, or charitable donations. The bill is set to take effect November 1, 2025, and would be codified in Title 14A of the Oklahoma Statutes.

Impact

The bill would add a new consumer-credit/merchant-fee provision to Oklahoma law and directly affect credit card processing practices for merchants, payment networks, and card issuers operating in the state. It would limit the ability to charge interchange and network fees on designated portions of transactions, potentially reducing merchant costs on tax, tip, and charitable-donation amounts and requiring changes to point-of-sale and payment settlement systems to separate those amounts from the rest of the purchase.

Sentiment

The available record shows little formal debate or recorded voting activity, so the overall sentiment cannot be measured from committee discussion or roll calls. Based on the bill’s design, it appears intended as a merchant-relief measure and a consumer/charity pass-through protection, suggesting generally favorable treatment for businesses and nonprofits affected by card-processing fees.

Contention

The main points of contention would likely center on the financial and operational impact on card networks, issuers, and processors, who would lose fee revenue on the excluded portions of transactions and may need to reconfigure systems to comply. Another possible issue is implementation complexity, including how merchants would identify and separate taxable amounts, tips, and charitable donations at the point of sale. No specific opposition or support is documented in the provided materials.