The National Federation of Independent Business (NFIB) has expressed support for Colorado Senate Bill 134, which seeks to remove sales tax from credit card swipe fees charged to small businesses. The organization, known for its advocacy on behalf of small and independent businesses, said the measure would help reduce financial burdens faced by local business owners.
In a statement, NFIB State Director Michael Smith highlighted the impact of rising swipe fees on both business owners and consumers. “The rising cost of credit card swipe fees poses a serious challenge for Main Street. Small business owners should not be penalized for collecting taxes on the government’s behalf, and credit card companies should not be allowed to profit off Colorado’s tax system. On behalf of our members, we thank the Legislature for introducing SB 134, a bipartisan bill that will provide immediate relief to Main Street and their consumers.”
The NFIB provides legislative support and resources for small businesses in Colorado and across all 50 states through its official website. The group also engages in policy advocacy aimed at promoting economic growth for small businesses in the state. Additionally, it offers tools, research, and compliance guidance to support its members.
SB 134 is described as a bipartisan effort designed to address concerns about how credit card networks apply interchange fees on transactions that include sales tax. The proposed change is intended to ensure that businesses are not charged extra when they collect taxes required by law.
The NFIB continues to function as an advocacy group focused on advancing the interests of small business owners in Colorado through policy initiatives such as this bill.
