AB 1065: Credit card transaction fees: tax payments: Consumer Inflation Reduction and Tax Fairness Act.

This bill aims to regulate credit card transactions by requiring the calculation of interchange fees to exclude certain state and local taxes and fees. It defines various terms for this purpose and prohibits payment card networks, acquirer banks, and processors from altering interchange fee computations to circumvent the effects of the bill. The bill also ensures that a violation of its provisions is enforceable under the unfair competition law.