SB 1534: Modifies provisions relating to the exclusion of certain transactions from sales tax

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

SS/SCS/SB 1534 - This act modifies provisions relating to the exclusion of certain transactions from sales tax. CREDIT CARD PROCESSING FEES This act excludes credit card and debit card processing fees from the definition of "gross receipts" for the purpose of imposing sales taxes. Such processing fees shall not exceed three percent of the purchase price or the merchant discount fee, whichever is less. Any business that charges a processing fee that is excluded from gross receipts shall provide notice to a purchaser of such charges, as described in the act. (Section 144.010) This provision is substantially similar to a provision in SCS/HB 1707 (2026). FOOD SALES TAX EXEMPTION Current law taxes retail sales of food, as defined in current law, at a rate of one percent. This act provides that retail sales of food shall be exempt from state sales taxes. (Section 144.014) This provision is identical to SB 688 (2025), SB 734 (2025), and SCS/SB 161 (2023), and to a provision in SB 57 (2025) and SCS/HCS/HB 154 (2023), and is substantially similar to SB 1656 (2026), HB 2079 (2026), HB 2253 (2026), HB 2568 (2026), SB 659 (2025), HB 345 (2025), HB 432 (2025), HB 872 (2025), HB 1587 (2025), HB 1418 (2024), HB 1464 (2024), HB 2174 (2024), HB 260 (2023), HB 452 (2023), HB 591 (2023), HB 896 (2023), HCS#2/HB 1992 (2022), HB 1817 (2022), and HB 2530 (2022), and to a provision in HB 1029 (2025), HB 2815 (2024), HB 2887 (2024), HB 377 (2023), HCS/HBs 876, 771, 676 & 551 (2023), HB 1136 (2023), HB 1779 (2022), and HB 2249 (2022). The act also provides that, of the 4% state sales tax rate, the revenue derived from a rate of 0.2% shall be deposited in the School District Trust Fund. (Section 144.020) These provisions are identical to SCS/SBs 1017 & 1239 (2026). JOSH NORBERG

Sponsors

Sponsors by party (alphabetical): Republican 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. May 15, 2026Formal Calendar S Bills for Third Reading
2. April 2, 2026Hearing Cancelled S Fiscal Oversight Committee
3. March 30, 2026Referred S Fiscal Oversight Committee
4. March 26, 2026Reported Truly Perfected S Rules, Joint Rules, Resolutions and Ethics Committee
5. March 25, 2026SS for SCS S offered (Nicola)--(6578S.03F)
6. March 25, 2026SA 1 to SS for SCS S offered & adopted (Lewis)--(6578S03.01S)
7. March 25, 2026SA 2 to SS for SCS S offered & adopted (Washington)--(6578S03.03S)
8. March 25, 2026SA 3 to SS for SCS S offered & adopted (Washington)--(6578S03.02S)
9. March 25, 2026SS for SCS, as amended, S adopted
10. March 25, 2026Perfected
11. March 9, 2026Reported from S Economic and Workforce Development Committee w/SCS
12. March 4, 2026SCS Voted Do Pass S Economic and Workforce Development Committee (6578S.02C)

Showing 12 most recent of 15 actions. Full history