As states have looked to shore up fiscal budgets in recent years, many of them have turned to increases in the gasoline and diesel motor fuel excise taxes. 2017 is no different, with increases in eight states taking effect as of Jan. 1, 2017. Two states – New York and West Virginia – will see slight reductions based on automatic adjustments. A summary of the changes are below.
01-04-2017 NATSO has learned that U.S. Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, is expected as early as next week to introduce legislation that seeks to repeal debit card swipe fee reform, commonly known as the “Durbin Amendment.”
01-04-2017 With Members of Congress back in their districts for the remainder of the year, it is clear that the biodiesel tax credit will not be extended before Jan. 1. Although […]
12-19-2016 NATSO has planned a detailed post-election analysis and preview of the next Congress and Presidential Administration for lunch on Monday, January 23, 2017, during The NATSO Show.
11-22-2016 More than six hundred businesses, including multiple NATSO members, wrote to Congress to oppose efforts to repeal the “Durbin Amendment.” As NATSO members are aware, the Durbin Amendment was included in the Dodd-Frank Wall Street Reform and Consumer Protection Act and reformed the anti-competitive debit card market by placing caps on interchange fees in debit swipe transactions.
11-21-2016 Donald Trump has been elected the 45th President of the United States. His victory has stunned pollsters, political prognosticators, and represents a severe rebuke to the political and media establishment. Voters have selected the ultimate political outsider.
11-09-2016 Many NATSO members joined more than 120 companies representing a broad cross-section of the U.S. economy in urging Members of Congress to reconsider legislation that would repeal debit card fee reforms implemented under the Durbin Amendment of the Dodd-Frank Wall Street Reform Act.
07-14-2016 NATSO joined more than 160 national and state trade associations representing retailers and employers, in voicing strong opposition to H.R. 5465 and language in the CHOICE ACT that would repeal the debit reforms in the 2010 financial services reform legislation known as the Durbin Amendment.
07-06-2016 Marking a major victory for retailers, a federal appeals court today threw out the $7.25 billion antitrust settlement that Visa and MasterCard had reached with millions of retailers over the high swipe fees that retailers pay each time a customer uses a credit card ruling that it was unfair to retailers who stood to receive no payments and little or no benefit.
06-30-2016 American Express on May 26 filed an emergency request with the U.S. Court of Appeals for the Second Circuit to pause an injunction that bars the company from prohibiting merchants from steering customers toward a particular card or payment method.
06-01-2015 A federal judge ruled March 26 that a California law banning retailers from charging customers a surcharge on credit card purchases is unconstitutional because it is too vague and violates the First Amendment right of free speech, PYMNTS.com has reported.
04-11-2015