New Jersey S1866 prohibits credit card companies from using a new merchant category code for firearms and ammunition purchases.

New Jersey S1866 prohibits credit card companies from using a new merchant category code for purchases of firearms and ammunition. The bill defines "merchant category code" as a specific identification number used to identify a specific good or service provided by a merchant. It mandates that firearms and ammunition merchants be classified as general merchandise or sporting goods retailers. Any agreements contrary to this provision are void. The Department of Law and Public Safety is tasked with investigating violations and imposing fines up to $10,000 per violation.

New Jersey S1866 prohibits credit card companies from using a new merchant category code for firearms and ammunition purchases.

New Jersey S1866 prohibits credit card companies from using a new merchant category code for purchases of firearms and ammunition. The bill defines "merchant category code" as a specific identification number used to identify a specific good or service provided by a merchant. It mandates that firearms and ammunition merchants be classified as general merchandise or sporting goods retailers. Any agreements contrary to this provision are void. The Department of Law and Public Safety is tasked with investigating violations and imposing fines up to $10,000 per violation.