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SB2166Introduced in the Senate

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 Bo Watson, District 11

What does this bill do?

Plain-English breakdown

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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

Comp. became Pub. Ch. 1035

May 27, 2026

How did lawmakers vote?

SenateStage: SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 3 PNV 0 · April 14, 2026

8

Yes

3

No

0

Absent or Not Voting

11 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

SenatorDistrictVote
Bo Watson11Yes
Ken Yager12Yes
Ferrell Haile18Yes
Jeff Yarbro21No
Bill Powers22Yes
John Stevens24Yes
Page Walley26Yes
Jack Johnson27Yes
Joseph Hensley28No
Paul Rose32Yes

Bill history

  1. Filed for introduction

  2. Introduced, Passed on First Consideration

  3. Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  4. Placed on Senate Commerce and Labor Committee calendar for 3/3/2026

  5. Action deferred in Senate Commerce and Labor Committee to 3/10/2026

  6. Placed on Senate Commerce and Labor Committee calendar for 3/10/2026

  7. Action deferred in Senate Commerce and Labor Committee to 3/17/2026

  8. Placed on Senate Commerce and Labor Committee calendar for 4/7/2026

  9. Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 7, Nays 2 PNV 0

  10. Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/14/2026

  11. Placed on Senate Finance, Ways, and Means Committee calendar for 4/14/2026

  12. Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 3 PNV 0

  13. Placed on Senate Regular Calendar for 4/16/2026

  14. Placed on Senate Regular Calendar 2 for 4/16/2026

  15. Companion House Bill substituted

  16. Comp. became Pub. Ch. 1035

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