STATE BILLTN SB 2166PASSED

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.

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: Senate
Session: 2025-2026 Regular Session

TN SB 2166 · PassedMay 27

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Bill details

Last action: Comp. became Pub. Ch. 1035 · May 27, 2026

Sponsor

BWBo WatsonSenator · Republican · SD-011Primary sponsor

Bill history

Newest first.

May 27, 2026Comp. became Pub. Ch. 1035

Apr 16, 2026Companion House Bill substitutedSenate

Apr 15, 2026Placed on Senate Regular Calendar 2 for 4/16/2026Senate

Apr 14, 2026Placed on Senate Regular Calendar for 4/16/2026Senate

Apr 14, 2026Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 3 PNV 0Senate

Apr 9, 2026Placed on Senate Finance, Ways, and Means Committee calendar for 4/14/2026Senate

Apr 9, 2026Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/14/2026Senate

Apr 7, 2026Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 7, Nays 2 PNV 0Senate

Show 8 earlier actions

Apr 1, 2026Placed on Senate Commerce and Labor Committee calendar for 4/7/2026Senate

Mar 10, 2026Action deferred in Senate Commerce and Labor Committee to 3/17/2026Senate

Mar 4, 2026Placed on Senate Commerce and Labor Committee calendar for 3/10/2026Senate

Mar 3, 2026Action deferred in Senate Commerce and Labor Committee to 3/10/2026Senate

Feb 24, 2026Placed on Senate Commerce and Labor Committee calendar for 3/3/2026Senate

Feb 5, 2026Passed on Second Consideration, refer to Senate Commerce and Labor CommitteeSenate

Feb 2, 2026Introduced, Passed on First ConsiderationSenate

Feb 2, 2026Filed for introductionSenate

Recorded votes

SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 7, Nays 2 PNV 0Apr 7, 2026 · Senate · 7 yea · 2 nayPassed

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

Subjects

Banks and Financial Institutions

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