OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5296

AN ACT CONCERNING CREDIT AND DEBIT HOLDS.

OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

This bill prohibits gas stations and convenience stores that accept credit or debit card payments for the retail sale of gasoline from placing, or allowing a third party to place, a hold on any such card for an amount larger than the actual gasoline purchase without the customer's knowledge and consent or without notice. As this provision relates to private entities, it does not result in a fiscal impact to the state or municipalities.

The Out Years

State Impact: None

Municipal Impact: None