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Tennessee SenateHB 2502

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…

Passed 21–7Party-line

What it does: Present law levies a tax on the sales price of certain, specifically described, services. This bill adds the transmitting of money from a location originating in this state to a location outside of the United States or its territories by an entity licensed under the Money Transmission Modernization Act to the services that are subject to such a tax. INTERNATIONAL MONEY TRANSMISSION TAX FUND This bill requires revenues from the tax as described above to be deposited in a special account in the state general fund, called the international money transmission tax fund. (official summary)

Question before the chamber: as Amended Third Consideration

Read the official record ↗

The tally

Yes 21 · No 7 · Not voting 5

Bar: green = yes, brown = no, striped = not voting.

Votes by party
PartyYesNoNot voting
Democrats051
Republicans2124

Most Democrats voted no; most Republicans voted yes. 2 members voted against their party’s majority.

Voted against their party’s majority

The full roll (33)

“Not voting” is a recorded non-vote, not a reason for the absence. Parties come from public rosters; how we count.