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
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “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.” Read the full text
114th general assembly (2025-2026)
What it does
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. HB2502 has been assigned Pu
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Show all 49 actions
Filed for introduction · Feb 2, 2026
Senate
Introduced, Passed on First Consideration · Feb 2, 2026
Senate
Passed on Second Consideration, refer to Senate Commerce and Labor Committee · Feb 5, 2026
Senate
Placed on Senate Commerce and Labor Committee calendar for 3/3/2026 · Feb 24, 2026
Senate
Action deferred in Senate Commerce and Labor Committee to 3/10/2026 · Mar 3, 2026
Senate
Placed on Senate Commerce and Labor Committee calendar for 3/10/2026 · Mar 4, 2026
Senate
Action deferred in Senate Commerce and Labor Committee to 3/17/2026 · Mar 10, 2026
Senate
Placed on Senate Commerce and Labor Committee calendar for 4/7/2026 · Apr 1, 2026
Senate
Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 7, Nays 2 PNV 0 · Apr 7, 2026
Senate
Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/14/2026 · Apr 9, 2026
Senate
Placed on Senate Finance, Ways, and Means Committee calendar for 4/14/2026 · Apr 9, 2026
Senate
Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 3 PNV 0 · Apr 14, 2026
Senate
Placed on Senate Regular Calendar for 4/16/2026 · Apr 14, 2026
Senate
Placed on Senate Regular Calendar 2 for 4/16/2026 · Apr 15, 2026
Senate
Companion House Bill substituted · Apr 16, 2026
Senate
Comp. became Pub. Ch. 1035 · May 27, 2026
House
Filed for introduction · Feb 3, 2026
House
Intro., P1C. · Feb 4, 2026
House
P2C, ref. to Commerce Committee - Finance, Ways & Means Committee · Feb 5, 2026
House
Assigned to s/c Banking & Consumer Affairs Subcommittee · Feb 5, 2026
House
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/4/2026 · Feb 25, 2026
House
Action Def. in s/c Banking and Consumer Affairs Subcommittee to 3/11/2026 · Mar 4, 2026
House
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026 · Mar 4, 2026
House
Sponsor(s) Added. · Mar 9, 2026
House
Rec for pass if am by s/c ref. to Commerce Committee · Mar 11, 2026
House
Placed on cal. Commerce Committee for 3/18/2026 · Mar 11, 2026
House
Rec. for pass. if am., ref. to Finance, Ways, and Means Committee · Mar 18, 2026
House
Assigned to s/c Finance, Ways, and Means Subcommittee · Mar 18, 2026
House
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/25/2026 · Mar 18, 2026
House
Rec. for pass by s/c ref. to Finance, Ways, and Means Committee · Mar 25, 2026
House
Placed on cal. Finance, Ways, and Means Committee for 3/31/2026 · Mar 25, 2026
House
Rec. for pass; ref to Calendar & Rules Committee · Mar 31, 2026
House
Placed on cal. Calendar & Rules Committee for 4/2/2026 · Apr 1, 2026
House
H. Placed on Regular Calendar for 4/9/2026 · Apr 2, 2026
House
H. adopted am. (Amendment 1 - HA0729) · Apr 9, 2026
House
Passed H., as am., Ayes 68, Nays 21, PNV 3 · Apr 9, 2026
House
Sponsor(s) Added. · Apr 9, 2026
House
Engrossed; ready for transmission to Sen. · Apr 9, 2026
House
Received from House, Passed on First Consideration · Apr 13, 2026
Senate
Senate substituted House Bill for companion Senate Bill. · Apr 16, 2026
Senate
Amendment withdrawn. (Amendment 1 - SA1013) · Apr 16, 2026
Senate
Senate adopted Amendment (Amendment 2 - SA1038) · Apr 16, 2026
Senate
Passed Senate as amended, Ayes 21, Nays 7 · Apr 16, 2026
Senate
H. Placed on Message Calendar for 4/21/2026 · Apr 20, 2026
House
H. concurred in S. am. no. 2 Ayes 70, Nays 19 PNV 2 HB2502 · Apr 22, 2026
House
Enrolled; ready for sig. of H. Speaker. · Apr 28, 2026
House
Signed by H. Speaker · Apr 30, 2026
House
Signed by Senate Speaker · May 5, 2026
Senate
Transmitted to Governor for his action. · May 11, 2026
House
The numbers
8
sponsors on the bill
Sponsors
Recorded votes
MESSAGE CALENDAR CONCUR IN SENATE AMENDMENT # 2House · 2026-04-22 · Passed · Ayes 70, Noes 19, Present and not voting 2
as Amended Third ConsiderationSenate · 2026-04-16 · Passed · Ayes 21, Noes 7
REGULAR CALENDAR PREVIOUS QUESTION AS AMENDED PASSAGE ON THIRD CONSIDERATIONHouse · 2026-04-09 · Passed · Ayes 65, Noes 24
REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATIONHouse · 2026-04-09 · Passed · Ayes 68, Noes 21, Present and not voting 3
H. Placed on Regular Calendar for 4/9/2026 4/2/2026 Voice Vote - Ayes Prevail Rep(s). Camper, Clemmons, Freeman requested to be recorded as voting No HB2502 by Sexton - HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules CommitteeHouse · 2026-03-31 · Passed · Ayes 22, Noes 0, Present and not voting 3
Rec. for pass. if am., ref. to Finance, Ways, and Means CommitteeHouse · 2026-03-18 · Passed · Ayes 17, Noes 4
Rec for pass if am by s/c ref. to Commerce CommitteeHouse · 2026-03-11 · Passed · Ayes 6, Noes 1
Roll-call results shown verbatim from the Tennessee legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Transmitted to Governor for his action. (May 11, 2026).