Classifying credit card processing fees and bank fees as exempt expenditures.

A Local Law to amend the administrative code of the city of New York, in relation to classifying credit card processing fees and bank fees as exempt expenditures

This bill would provide that bank fees and credit card processing fees paid by a campaign for contributions received by the campaign would not count against the expenditure limitation for that campaign. Bank fees are the fees banks charge to demand deposit account holders for the regular use or maintenance of an account, including check fees, monthly fees, overdraft fees, and wire fees.