TN HB2502 | 2025-2026 | 114th General Assembly
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 8)
Status: Passed on May 27 2026 - 100% progression
Action: 2026-05-27 - Effective date(s) 05/21/2026, 01/01/2027
Text: Latest bill text (Chaptered) [PDF]
Sponsorship: Partisan Bill (Republican 8)
Status: Passed on May 27 2026 - 100% progression
Action: 2026-05-27 - Effective date(s) 05/21/2026, 01/01/2027
Text: Latest bill text (Chaptered) [PDF]
Summary
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.
Title
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.
Sponsors
| Rep. Cameron Sexton [R] | Rep. Timothy Hill [R] | Rep. Rush Bricken [R] | Rep. Ryan Williams [R] |
| Rep. Mark Cochran [R] | Rep. Elaine Davis [R] | Rep. Dan Howell [R] | Rep. Bryan Terry [R] |
Roll Calls
2026-04-22 - House - FLOOR VOTE: MESSAGE CALENDAR CONCUR IN SENATE AMENDMENT # 2 (Y: 70 N: 19 NV: 2 Abs: 0) [PASS]
2026-04-16 - Senate - FLOOR VOTE: as Amended Third Consideration (Y: 21 N: 7 NV: 0 Abs: 0) [PASS]
2026-04-09 - House - FLOOR VOTE: REGULAR CALENDAR PREVIOUS QUESTION AS AMENDED PASSAGE ON THIRD CONSIDERATION (Y: 65 N: 24 NV: 0 Abs: 0) [PASS]
2026-04-09 - House - FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION (Y: 68 N: 21 NV: 3 Abs: 0) [PASS]
2026-03-31 - House - HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee (Y: 22 N: 0 NV: 3 Abs: 0) [PASS]
2026-03-25 - House - HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]
2026-03-18 - House - HOUSE COMMERCE COMMITTEE: Rec. for pass. if am., ref. to Finance, Ways, and Means Committee (Y: 17 N: 4 NV: 0 Abs: 0) [PASS]
2026-03-11 - House - HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec for pass if am by s/c ref. to Commerce Committee (Y: 6 N: 1 NV: 0 Abs: 0) [PASS]
2026-04-16 - Senate - FLOOR VOTE: as Amended Third Consideration (Y: 21 N: 7 NV: 0 Abs: 0) [PASS]
2026-04-09 - House - FLOOR VOTE: REGULAR CALENDAR PREVIOUS QUESTION AS AMENDED PASSAGE ON THIRD CONSIDERATION (Y: 65 N: 24 NV: 0 Abs: 0) [PASS]
2026-04-09 - House - FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION (Y: 68 N: 21 NV: 3 Abs: 0) [PASS]
2026-03-31 - House - HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee (Y: 22 N: 0 NV: 3 Abs: 0) [PASS]
2026-03-25 - House - HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]
2026-03-18 - House - HOUSE COMMERCE COMMITTEE: Rec. for pass. if am., ref. to Finance, Ways, and Means Committee (Y: 17 N: 4 NV: 0 Abs: 0) [PASS]
2026-03-11 - House - HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec for pass if am by s/c ref. to Commerce Committee (Y: 6 N: 1 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-05-27 | Effective date(s) 05/21/2026, 01/01/2027 | |
| 2026-05-27 | Pub. Ch. 1035 | |
| 2026-05-21 | Signed by Governor. | |
| 2026-05-11 | House | Transmitted to Governor for his action. |
| 2026-05-05 | Senate | Signed by Senate Speaker |
| 2026-04-30 | House | Signed by H. Speaker |
| 2026-04-28 | House | Enrolled; ready for sig. of H. Speaker. |
| 2026-04-22 | House | H. concurred in S. am. no. 2 Ayes 70, Nays 19 PNV 2 HB2502 |
| 2026-04-20 | House | H. Placed on Message Calendar for 4/21/2026 |
| 2026-04-16 | Senate | Passed Senate as amended, Ayes 21, Nays 7 |
| 2026-04-16 | Senate | Senate adopted Amendment (Amendment 2 - SA1038) |
| 2026-04-16 | Senate | Amendment withdrawn. (Amendment 1 - SA1013) |
| 2026-04-16 | Senate | Senate substituted House Bill for companion Senate Bill. |
| 2026-04-13 | Senate | Received from House, Passed on First Consideration |
| 2026-04-09 | House | Engrossed; ready for transmission to Sen. |
| 2026-04-09 | House | Sponsor(s) Added. |
| 2026-04-09 | House | Passed H., as am., Ayes 68, Nays 21, PNV 3 |
| 2026-04-09 | House | H. adopted am. (Amendment 1 - HA0729) |
| 2026-04-02 | House | H. Placed on Regular Calendar for 4/9/2026 |
| 2026-04-01 | House | Placed on cal. Calendar & Rules Committee for 4/2/2026 |
| 2026-03-31 | House | Rec. for pass; ref to Calendar & Rules Committee |
| 2026-03-25 | House | Placed on cal. Finance, Ways, and Means Committee for 3/31/2026 |
| 2026-03-25 | House | Rec. for pass by s/c ref. to Finance, Ways, and Means Committee |
| 2026-03-18 | House | Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/25/2026 |
| 2026-03-18 | House | Assigned to s/c Finance, Ways, and Means Subcommittee |
| 2026-03-18 | House | Rec. for pass. if am., ref. to Finance, Ways, and Means Committee |
| 2026-03-11 | House | Placed on cal. Commerce Committee for 3/18/2026 |
| 2026-03-11 | House | Rec for pass if am by s/c ref. to Commerce Committee |
| 2026-03-09 | House | Sponsor(s) Added. |
| 2026-03-04 | House | Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026 |
| 2026-03-04 | House | Action Def. in s/c Banking and Consumer Affairs Subcommittee to 3/11/2026 |
| 2026-02-25 | House | Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/4/2026 |
| 2026-02-05 | House | Assigned to s/c Banking & Consumer Affairs Subcommittee |
| 2026-02-05 | House | P2C, ref. to Commerce Committee - Finance, Ways & Means Committee |
| 2026-02-04 | House | Intro., P1C. |
| 2026-02-03 | House | Filed for introduction |
Same As/Similar To
SB2166 (Crossfiled) 2026-05-27 - Comp. became Pub. Ch. 1035
