Ex. Summary:

Senate Bill 21-091 regulates credit card surcharges by capping them at 2% of the total transaction amount or the actual processing fee the business incurs, whichever is lower. This legislation requires clear consumer disclosures, mandating that businesses inform customers of surcharges through signage and itemized receipts before completing a transaction. It also prohibits surcharges on cash, check, debit card, or gift card payments, ensuring compliance with consumer protection laws. While the bill allows businesses to offset credit card processing costs, it prevents excessive surcharges, promotes pricing transparency, and aligns state regulations with federal standards. Businesses must modify their payment processing systems accordingly or risk facing penalties for noncompliance.