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Virginia · 2026 Regular Session · Bill

SB 774: Financial institutions; processing fee on taxes prohibited, civil penalty.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 774 is a bill introduced in the Virginia Senate on January 22, 2026. According to its official title, it concerns: Financial institutions; processing fee on taxes prohibited, civil penalty. Primary sponsor: Tammy Mulchi (Republican). Most recent recorded action (February 2, 2026): Passed by indefinitely in Commerce and Labor with letter (13-Y 0-N).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

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

Financial institutions; processing fee on taxes prohibited; civil penalty. Prohibits any payment card network from imposing or receiving any processing fee on the portion of any transaction comprising sales and use tax on any electronic payment transaction, defined in the bill as any transaction in which a person uses a debit card, credit card, or other payment code or device issued or approved through a payment card network to debit a deposit account or use a line of credit, whether authorization is based on a signature, personal identification number, or other means. The bill imposes a civil penalty of $1,000 per violation and requires any such fees to be refunded to the merchant. Such penalties are to be collected by the State Corporation Commission and deposited into the state treasury. The bill has a delayed effective date of July 1, 2028.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Tammy MulchiPrimary sponsorRepublicanSenate9

“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. Passed by indefinitely in Commerce and Labor with letter (13-Y 0-N)
  2. Fiscal Impact Statement from State Corporation Commission (SB774)
  3. Referred to Committee on Commerce and Labor
  4. Presented and ordered printed 26105381D

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source