The proposed bill, General Assembly Proposed Bill No. 6460, aims to amend the general statutes to prohibit payment card networks from including sales and use taxes in the calculation of interchange fees on electronic payment transactions. This change is intended to ensure that interchange fees are based solely on the sale price of goods and services, excluding any taxes that may be applicable.

The bill introduces new legal language that explicitly states this prohibition, thereby clarifying the calculation of interchange fees for payment card networks. There are no deletions from current law mentioned in the text, indicating that this is a new provision being added to the existing statutes. The overall purpose of the bill is to protect consumers and businesses from inflated interchange fees that could arise from the inclusion of taxes in the fee calculation.