state_legiscan_drain · TN
AN ACT to amend Tennessee Code Annotated, Title 4; Title 38; Title 39; Title 45; Title 47; Title 49 and Title 67, relative to money transmission.
February 3, 2026
Summary
If enacted, this bill would classify money transfers originating in Tennessee to locations outside the United States or its territories as service transactions subject to Tennessee sales and use tax. Money transmitters, including banks, fintechs, and other licensed entities, would be required to collect and remit the tax, with revenues allocated to specified state funds.
Source: https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=HB2502&ga=114
Common questions
- What does "AN ACT to amend Tennessee Code Annotated, Title 4; Title 38; Title 39; Title 45; Title 47; Title 49 and Title 67, relative to money transmission." cover?
- If enacted, this bill would classify money transfers originating in Tennessee to locations outside the United States or its territories as service…
- When was it published?
- It was published on February 3, 2026.
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