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.

As Amended by House "A" (LCO 3733)

House Calendar No.: 200

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 notice. As this provision relates to private entities, it does not result in a fiscal impact to the state or municipalities.

House “A” eliminated language that had no fiscal impact.

The Out Years

State Impact: None

Municipal Impact: None