Colorado bill would eliminate credit card swipe fees on sales tax to save revenue for businesses

By: Sara Wilson

Outlets: Colorado Newsline

Published: March 12, 2026

Words: 776

Last Updated: 1 week, 1 day ago

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A Colorado bill to limit how much businesses pay credit card companies in swipe fees passed its first state Senate committee hearing Thursday afternoon.

Merchants pay swipe fees, formally known as intercharge fees, to the credit card network to process the transaction. These are a percentage of the total cost, typically ranging between 2% and 4%, but Senate Bill 26-134 would exclude sales tax from the amount the percentage is applied to.

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