Banks and Financial Institutions - As enacted, clarifies that the service of transmitting money from a location originating in this state to a location outside of the United States or its territories is a taxable service and that such a tax is generally levied on the amount of money transmitted; requires revenues generated from such a tax to be allocated to certain funds and purposes. - Amends TCA Title 4; Title 38; Title 39; Title 45; Title 47; Title 49 and Title 67.
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More on this bill
Where it stands
Introduced
2Passed Senate
3Passed House
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2026
May 27Comp. became Pub. Ch. 1035Latest
Apr 16Companion House Bill substitutedMajor
Apr 15Placed on Senate Regular Calendar 2 for 4/16/2026
Apr 14Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 3 PNV 0
Vote recorded SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 3 PNV 0 4/14/2026 Passed. Result: pass.Upper
Apr 14Placed on Senate Regular Calendar for 4/16/2026
Apr 9Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/14/2026
Apr 9Placed on Senate Finance, Ways, and Means Committee calendar for 4/14/2026
Apr 7Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 7, Nays 2 PNV 0
Vote recorded SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 7, Nays 2 PNV 0 4/7/2026 Passed. Result: pass.Upper
Apr 1Placed on Senate Commerce and Labor Committee calendar for 4/7/2026
Mar 10Action deferred in Senate Commerce and Labor Committee to 3/17/2026
Mar 4Placed on Senate Commerce and Labor Committee calendar for 3/10/2026
Mar 3Action deferred in Senate Commerce and Labor Committee to 3/10/2026
Feb 24Placed on Senate Commerce and Labor Committee calendar for 3/3/2026
Feb 5Passed on Second Consideration, refer to Senate Commerce and Labor CommitteeMinor
Feb 2Filed for introductionMinor
Feb 2Introduced, Passed on First ConsiderationIntroduced