HB 2502
Pub
Banks and Financial Institutions - 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.
- Tennessee
- House / Assembly
- Introduced Feb 3, 2026
- Session 114
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View on official siteLegislative Timeline
36 actions-
Pub. Ch. 1035
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Effective date(s) 05/21/2026, 01/01/2027
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Signed by Governor.
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Transmitted to Governor for his action.
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Signed by Senate Speaker
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Signed by H. Speaker
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Enrolled; ready for sig. of H. Speaker.
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H. concurred in S. am. no. 2 Ayes 70, Nays 19 PNV 2 HB2502
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H. Placed on Message Calendar for 4/21/2026
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Senate substituted House Bill for companion Senate Bill.
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Amendment withdrawn. (Amendment 1 - SA1013)
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Senate adopted Amendment (Amendment 2 - SA1038)
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Passed Senate as amended, Ayes 21, Nays 7
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Received from House, Passed on First Consideration
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H. adopted am. (Amendment 1 - HA0729)
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Passed H., as am., Ayes 68, Nays 21, PNV 3
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Sponsor(s) Added.
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Engrossed; ready for transmission to Sen.
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H. Placed on Regular Calendar for 4/9/2026
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Placed on cal. Calendar & Rules Committee for 4/2/2026
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Rec. for pass; ref to Calendar & Rules Committee
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Rec. for pass by s/c ref. to Finance, Ways, and Means Committee
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Placed on cal. Finance, Ways, and Means Committee for 3/31/2026
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Rec. for pass. if am., ref. to Finance, Ways, and Means Committee
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Assigned to s/c Finance, Ways, and Means Subcommittee
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Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/25/2026
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Rec for pass if am by s/c ref. to Commerce Committee
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Placed on cal. Commerce Committee for 3/18/2026
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Sponsor(s) Added.
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Action Def. in s/c Banking and Consumer Affairs Subcommittee to 3/11/2026
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Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026
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Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/4/2026
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P2C, ref. to Commerce Committee - Finance, Ways & Means Committee
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Assigned to s/c Banking & Consumer Affairs Subcommittee
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Intro., P1C.
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Filed for introduction