STATE BILLTN HB 2502PASSED

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.

State of Tennessee

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.

Status
Passed
Signed or otherwise enacted
Status date
May 27, 2026
169 days ago
Current chamber
House of Representatives
Session
2025-2026 Regular Session
TN HB 2502 · PassedMay 27

Follow the legislation that affects what you sell.

Get started free

Free account · 30-second setup · No credit card

What it means for vendors

Civic IQ reads each bill for what it would fund, require or change for the agencies that buy.

Bill details

Last action
Effective date(s) 05/21/2026, 01/01/2027 · May 27, 2026

Sponsors

CSCameron SextonRepresentative · Republican · HD-025Primary sponsor
THTimothy HillRepresentative · Republican · HD-003
RBRush BrickenRepresentative · Republican · HD-047
RWRyan WilliamsRepresentative · Republican · HD-042
MCMark CochranRepresentative · Republican · HD-023
EDElaine DavisRepresentative · Republican · HD-018
DHDan HowellRepresentative · Republican · HD-022
BTBryan TerryRepresentative · Republican · HD-048

Bill history

Newest first.

May 27, 2026Effective date(s) 05/21/2026, 01/01/2027
May 27, 2026Pub. Ch. 1035
May 21, 2026Signed by Governor.
May 11, 2026Transmitted to Governor for his action.House
May 5, 2026Signed by Senate SpeakerSenate
Apr 30, 2026Signed by H. SpeakerHouse
Apr 28, 2026Enrolled; ready for sig. of H. Speaker.House
Apr 22, 2026H. concurred in S. am. no. 2 Ayes 70, Nays 19 PNV 2 HB2502House
Show 28 earlier actions
Apr 20, 2026H. Placed on Message Calendar for 4/21/2026House
Apr 16, 2026Passed Senate as amended, Ayes 21, Nays 7Senate
Apr 16, 2026Senate adopted Amendment (Amendment 2 - SA1038)Senate
Apr 16, 2026Amendment withdrawn. (Amendment 1 - SA1013)Senate
Apr 16, 2026Senate substituted House Bill for companion Senate Bill.Senate
Apr 13, 2026Received from House, Passed on First ConsiderationSenate
Apr 9, 2026Engrossed; ready for transmission to Sen.House
Apr 9, 2026Passed H., as am., Ayes 68, Nays 21, PNV 3House
Apr 9, 2026Sponsor(s) Added.House
Apr 9, 2026H. adopted am. (Amendment 1 - HA0729)House
Apr 2, 2026H. Placed on Regular Calendar for 4/9/2026House
Apr 1, 2026Placed on cal. Calendar & Rules Committee for 4/2/2026House
Mar 31, 2026Rec. for pass; ref to Calendar & Rules CommitteeHouse
Mar 25, 2026Placed on cal. Finance, Ways, and Means Committee for 3/31/2026House
Mar 25, 2026Rec. for pass by s/c ref. to Finance, Ways, and Means CommitteeHouse
Mar 18, 2026Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/25/2026House
Mar 18, 2026Assigned to s/c Finance, Ways, and Means SubcommitteeHouse
Mar 18, 2026Rec. for pass. if am., ref. to Finance, Ways, and Means CommitteeHouse
Mar 11, 2026Placed on cal. Commerce Committee for 3/18/2026House
Mar 11, 2026Rec for pass if am by s/c ref. to Commerce CommitteeHouse
Mar 9, 2026Sponsor(s) Added.House
Mar 4, 2026Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026House
Mar 4, 2026Action Def. in s/c Banking and Consumer Affairs Subcommittee to 3/11/2026House
Feb 25, 2026Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/4/2026House
Feb 5, 2026Assigned to s/c Banking & Consumer Affairs SubcommitteeHouse
Feb 5, 2026P2C, ref. to Commerce Committee - Finance, Ways & Means CommitteeHouse
Feb 4, 2026Intro., P1C.House
Feb 3, 2026Filed for introductionHouse

Recorded votes

HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec for pass if am by s/c ref. to Commerce CommitteeMar 11, 2026 · House · 6 yea · 1 nayPassed
HOUSE COMMERCE COMMITTEE: Rec. for pass. if am., ref. to Finance, Ways, and Means CommitteeMar 18, 2026 · House · 17 yea · 4 nayPassed
HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means CommitteeMar 25, 2026 · House · 12 yea · 0 nayPassed
HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules CommitteeMar 31, 2026 · House · 22 yea · 0 nayPassed
FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATIONApr 9, 2026 · House · 68 yea · 21 nayPassed
FLOOR VOTE: REGULAR CALENDAR PREVIOUS QUESTION AS AMENDED PASSAGE ON THIRD CONSIDERATIONApr 9, 2026 · House · 65 yea · 24 nayPassed
FLOOR VOTE: as Amended Third ConsiderationApr 16, 2026 · Senate · 21 yea · 7 nayPassed
FLOOR VOTE: MESSAGE CALENDAR CONCUR IN SENATE AMENDMENT # 2Apr 22, 2026 · House · 70 yea · 19 nayPassed

Subjects

  • Banks and Financial Institutions

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

Work in government? Get Civic IQ free →

Start finding government buyers today.
It's free.

B2G and SLED sales intelligence. Surface government procurement signals from 100,000+ state, local, and education agencies months before the RFP.

Get started free

No credit card required