HB 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 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.
Latest: May 21, 2026 · Pub. Ch. 1035
What it means
Our plain-English summary and constitutional analysis for this bill is not published yet. Every analysis is reviewed by an editor before it appears here.
How they voted
House: FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/9/2026 Passed
68 yes · 21 no · 3 other
Apr 9, 2026 · Result: pass
House: FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/9/2026 Passed
68 yes · 21 no · 3 other
| Party | Yes | No | Not voting |
|---|---|---|---|
| Democrat | – | 1 | – |
| Democratic | – | 19 | – |
| Republican | 68 | 1 | 3 |
How each member voted (92)
Party shown is each member's current party in our records. Official vote record
8 committee, procedural and amendment votes
House: FLOOR VOTE: MESSAGE CALENDAR CONCUR IN SENATE AMENDMENT # 2 4/22/2026 Passed
70 yes · 19 no · 2 other
Apr 22, 2026 · Result: pass
House: FLOOR VOTE: MESSAGE CALENDAR CONCUR IN SENATE AMENDMENT # 2 4/22/2026 Passed
70 yes · 19 no · 2 other
| Party | Yes | No | Not voting |
|---|---|---|---|
| Democratic | 2 | 17 | – |
| Republican | 68 | 2 | 2 |
How each member voted (91)
Party shown is each member's current party in our records. Official vote record
Senate: FLOOR VOTE: as Amended Third Consideration 4/16/2026 Passed
21 yes · 7 no
Apr 16, 2026 · Result: pass
Senate: FLOOR VOTE: as Amended Third Consideration 4/16/2026 Passed
21 yes · 7 no
| Party | Yes | No |
|---|---|---|
| Democratic | 1 | 5 |
| Republican | 20 | 2 |
How each member voted (28)
Party shown is each member's current party in our records. Official vote record
House: HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/9/2026 4/2/2026
0 yes · 0 no
Apr 9, 2026 · Result: fail
House: HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/9/2026 4/2/2026
0 yes · 0 no
Member-by-member votes are not loaded for this roll call yet. The tally above is from the official record.
Party shown is each member's current party in our records. Official vote record
House: FLOOR VOTE: REGULAR CALENDAR PREVIOUS QUESTION AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/9/2026 Passed
65 yes · 24 no
Apr 9, 2026 · Result: pass
House: FLOOR VOTE: REGULAR CALENDAR PREVIOUS QUESTION AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/9/2026 Passed
65 yes · 24 no
| Party | Yes | No |
|---|---|---|
| Democrat | – | 1 |
| Democratic | – | 18 |
| Republican | 65 | 5 |
How each member voted (89)
Party shown is each member's current party in our records. Official vote record
House: HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 3/31/2026 Passed
22 yes · 0 no · 3 other
Mar 31, 2026 · Result: pass
House: HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 3/31/2026 Passed
22 yes · 0 no · 3 other
| Party | Yes | Not voting |
|---|---|---|
| Democratic | 4 | 2 |
| Republican | 18 | 1 |
How each member voted (25)
Party shown is each member's current party in our records. Official vote record
House: HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 3/25/2026 Passed
12 yes · 0 no
Mar 25, 2026 · Result: pass
House: HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 3/25/2026 Passed
12 yes · 0 no
| Party | Yes |
|---|---|
| Democratic | 3 |
| Republican | 9 |
How each member voted (12)
Party shown is each member's current party in our records. Official vote record
House: HOUSE COMMERCE COMMITTEE: Rec. for pass. if am., ref. to Finance, Ways, and Means Committee 3/18/2026 Passed
17 yes · 4 no
Mar 18, 2026 · Result: pass
House: HOUSE COMMERCE COMMITTEE: Rec. for pass. if am., ref. to Finance, Ways, and Means Committee 3/18/2026 Passed
17 yes · 4 no
| Party | Yes | No |
|---|---|---|
| Democratic | – | 4 |
| Republican | 17 | – |
How each member voted (21)
Party shown is each member's current party in our records. Official vote record
House: HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec for pass if am by s/c ref. to Commerce Committee 3/11/2026 Passed
6 yes · 1 no
Mar 11, 2026 · Result: pass
House: HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec for pass if am by s/c ref. to Commerce Committee 3/11/2026 Passed
6 yes · 1 no
| Party | Yes | No |
|---|---|---|
| Democratic | – | 1 |
| Republican | 6 | – |
How each member voted (7)
Party shown is each member's current party in our records. Official vote record
Where it stands
Feb 4, 2026 · House
Introduced
Intro., P1C.
Feb 5, 2026 · House
Sent to committee
P2C, ref. to Commerce Committee - Finance, Ways & Means Committee
Mar 11, 2026 · House
Sent to committee
Rec for pass if am by s/c ref. to Commerce Committee
Mar 18, 2026 · House
Sent to committee
Assigned to s/c Finance, Ways, and Means Subcommittee
Apr 9, 2026 · House
Passed House
Passed H., as am., Ayes 68, Nays 21, PNV 3
Apr 13, 2026 · Senate
Introduced
Received from House, Passed on First Consideration
Apr 16, 2026 · Senate
Passed Senate
Passed Senate as amended, Ayes 21, Nays 7
Apr 30, 2026 · House
Passed House
Signed by H. Speaker
May 5, 2026 · Senate
Passed Senate
Signed by Senate Speaker
May 21, 2026
Became law
Signed by Governor.
Full official history (36 actions)
- Feb 3, 2026HouseFiled for introduction
- Feb 4, 2026HouseIntro., P1C.
- Feb 5, 2026HouseP2C, ref. to Commerce Committee - Finance, Ways & Means Committee
- Feb 5, 2026HouseAssigned to s/c Banking & Consumer Affairs Subcommittee
- Feb 25, 2026HousePlaced on s/c cal Banking & Consumer Affairs Subcommittee for 3/4/2026
- Mar 4, 2026HousePlaced on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026
- Mar 4, 2026HouseAction Def. in s/c Banking and Consumer Affairs Subcommittee to 3/11/2026
- Mar 9, 2026HouseSponsor(s) Added.
- Mar 11, 2026HouseRec for pass if am by s/c ref. to Commerce Committee
- Mar 11, 2026HousePlaced on cal. Commerce Committee for 3/18/2026
- Mar 18, 2026HouseRec. for pass. if am., ref. to Finance, Ways, and Means Committee
- Mar 18, 2026HousePlaced on s/c cal Finance, Ways, and Means Subcommittee for 3/25/2026
- Mar 18, 2026HouseAssigned to s/c Finance, Ways, and Means Subcommittee
- Mar 25, 2026HouseRec. for pass by s/c ref. to Finance, Ways, and Means Committee
- Mar 25, 2026HousePlaced on cal. Finance, Ways, and Means Committee for 3/31/2026
- Mar 31, 2026HouseRec. for pass; ref to Calendar & Rules Committee
- Apr 1, 2026HousePlaced on cal. Calendar & Rules Committee for 4/2/2026
- Apr 2, 2026HouseH. Placed on Regular Calendar for 4/9/2026
- Apr 9, 2026HouseSponsor(s) Added.
- Apr 9, 2026HousePassed H., as am., Ayes 68, Nays 21, PNV 3
- Apr 9, 2026HouseH. adopted am. (Amendment 1 - HA0729)
- Apr 9, 2026HouseEngrossed; ready for transmission to Sen.
- Apr 13, 2026SenateReceived from House, Passed on First Consideration
- Apr 16, 2026SenateSenate substituted House Bill for companion Senate Bill.
- Apr 16, 2026SenateAmendment withdrawn. (Amendment 1 - SA1013)
- Apr 16, 2026SenateSenate adopted Amendment (Amendment 2 - SA1038)
- Apr 16, 2026SenatePassed Senate as amended, Ayes 21, Nays 7
- Apr 20, 2026HouseH. Placed on Message Calendar for 4/21/2026
- Apr 22, 2026HouseH. concurred in S. am. no. 2 Ayes 70, Nays 19 PNV 2 HB2502
- Apr 28, 2026HouseEnrolled; ready for sig. of H. Speaker.
- Apr 30, 2026HouseSigned by H. Speaker
- May 5, 2026SenateSigned by Senate Speaker
- May 11, 2026HouseTransmitted to Governor for his action.
- May 21, 2026Signed by Governor.
- May 27, 2026Effective date(s) 05/21/2026, 01/01/2027
- May 27, 2026Pub. Ch. 1035
Supporters and opponents
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