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HB2502Introduced in the House

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.

Passed

Introduced by Cameron Sexton, District 25

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

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.

Where it stands

Effective date(s) 05/21/2026, 01/01/2027

May 27, 2026

How did lawmakers vote?

House votes

7 recorded votes · each counted separately

Senate votes

1 recorded vote · each counted separately

HouseStage: FLOOR VOTE: MESSAGE CALENDAR CONCUR IN SENATE AMENDMENT # 2 · April 22, 2026

70

Yes

19

No

2

Absent or Not Voting

91 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.

See how each representative voted

RepresentativeDistrictVote
John Crawford1Yes
Bud Hulsey2Yes
Timothy Hill3Yes
Renea Jones4Yes
David Hawk5Yes
Tim Hicks6Yes
Rebecca Alexander7Yes
Jerome Moon8Yes
Gary Hicks9Yes
Rick Eldridge10Yes

Bill history

  1. Filed for introduction

  2. Intro., P1C.

  3. P2C, ref. to Commerce Committee - Finance, Ways & Means Committee

  4. Assigned to s/c Banking & Consumer Affairs Subcommittee

  5. Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/4/2026

  6. Action Def. in s/c Banking and Consumer Affairs Subcommittee to 3/11/2026

  7. Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026

  8. Sponsor(s) Added.

  9. Rec for pass if am by s/c ref. to Commerce Committee

  10. Placed on cal. Commerce Committee for 3/18/2026

  11. Rec. for pass. if am., ref. to Finance, Ways, and Means Committee

  12. Assigned to s/c Finance, Ways, and Means Subcommittee

  13. Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/25/2026

  14. Rec. for pass by s/c ref. to Finance, Ways, and Means Committee

  15. Placed on cal. Finance, Ways, and Means Committee for 3/31/2026

  16. Rec. for pass; ref to Calendar & Rules Committee

  17. Placed on cal. Calendar & Rules Committee for 4/2/2026

  18. H. Placed on Regular Calendar for 4/9/2026

  19. H. adopted am. (Amendment 1 - HA0729)

  20. Sponsor(s) Added.

  21. Passed H., as am., Ayes 68, Nays 21, PNV 3

  22. Engrossed; ready for transmission to Sen.

  23. Received from House, Passed on First Consideration

  24. Senate substituted House Bill for companion Senate Bill.

  25. Amendment withdrawn. (Amendment 1 - SA1013)

  26. Senate adopted Amendment (Amendment 2 - SA1038)

  27. Passed Senate as amended, Ayes 21, Nays 7

  28. H. Placed on Message Calendar for 4/21/2026

  29. H. concurred in S. am. no. 2 Ayes 70, Nays 19 PNV 2 HB2502

  30. Enrolled; ready for sig. of H. Speaker.

  31. Signed by H. Speaker

  32. Signed by Senate Speaker

  33. Transmitted to Governor for his action.

  34. Signed by Governor.

  35. Pub. Ch. 1035

  36. Effective date(s) 05/21/2026, 01/01/2027

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