Bill Commons

TN HB 2502

enacted

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 · 114S1 · lower

Quick answers

Did TN HB 2502 pass?

Yes. TN HB 2502 has been enacted into law as of 2026-05-27. Latest recorded action (2026-05-27): Pub. Ch. 1035

What is TN HB 2502 about?

TN HB 2502 is a bill in the 114S1 titled “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.”.

Who sponsors TN HB 2502?

Sexton is the primary sponsor of TN HB 2502.

Introduced
2026-02-04
Latest action
2026-05-27 — Pub. Ch. 1035
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Sextonprimary

Committees

Not provided by source.

Action timeline

  1. 2026-02-03

    Filed for introduction

    filing

  2. 2026-02-04

    Intro., P1C.

    introduction

  3. 2026-02-05

    Assigned to s/c Banking & Consumer Affairs Subcommittee

    referral-committee

  4. 2026-02-05

    P2C, ref. to Commerce Committee - Finance, Ways & Means Committee

    referral-committee

  5. 2026-02-25

    Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/4/2026

  6. 2026-03-04

    Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026

  7. 2026-03-04

    Action Def. in s/c Banking and Consumer Affairs Subcommittee to 3/11/2026

  8. 2026-03-09

    Sponsor(s) Added.

    sponsorship

  9. 2026-03-11

    Placed on cal. Commerce Committee for 3/18/2026

  10. 2026-03-11

    Rec for pass if am by s/c ref. to Commerce Committee

    referral-committee

  11. 2026-03-18

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/25/2026

  12. 2026-03-18

    Assigned to s/c Finance, Ways, and Means Subcommittee

    referral-committee

  13. 2026-03-18

    Rec. for pass. if am., ref. to Finance, Ways, and Means Committee

    committee-passage-favorable

  14. 2026-03-25

    Placed on cal. Finance, Ways, and Means Committee for 3/31/2026

  15. 2026-03-25

    Rec. for pass by s/c ref. to Finance, Ways, and Means Committee

    committee-passage-favorable

  16. 2026-03-31

    Rec. for pass; ref to Calendar & Rules Committee

    committee-passage-favorable

  17. 2026-04-01

    Placed on cal. Calendar & Rules Committee for 4/2/2026

  18. 2026-04-02

    H. Placed on Regular Calendar for 4/9/2026

  19. 2026-04-09

    Engrossed; ready for transmission to Sen.

    receipt

  20. 2026-04-09

    Passed H., as am., Ayes 68, Nays 21, PNV 3

    passage

  21. 2026-04-09

    Sponsor(s) Added.

    sponsorship

  22. 2026-04-09

    H. adopted am. (Amendment 1 - HA0729)

    amendment-passage

  23. 2026-04-13

    Received from House, Passed on First Consideration

    introduction

  24. 2026-04-16

    Passed Senate as amended, Ayes 21, Nays 7

    passage

  25. 2026-04-16

    Senate adopted Amendment (Amendment 2 - SA1038)

  26. 2026-04-16

    Amendment withdrawn. (Amendment 1 - SA1013)

  27. 2026-04-16

    Senate substituted House Bill for companion Senate Bill.

    substitution

  28. 2026-04-20

    H. Placed on Message Calendar for 4/21/2026

  29. 2026-04-22

    H. concurred in S. am. no. 2 Ayes 70, Nays 19 PNV 2 HB2502

  30. 2026-04-28

    Enrolled; ready for sig. of H. Speaker.

    enrolled

  31. 2026-04-30

    Signed by H. Speaker

    passage

  32. 2026-05-05

    Signed by Senate Speaker

    passage

  33. 2026-05-11

    Transmitted to Governor for his action.

    executive-receipt

  34. 2026-05-21

    Signed by Governor.

    executive-signature

  35. 2026-05-27

    Effective date(s) 05/21/2026, 01/01/2027

  36. 2026-05-27

    Pub. Ch. 1035

Versions

Documents

Votes

  • HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec for pass if am by s/c ref. to Commerce Committee 3/11/2026 Passed (7)

    2026-03-11 · pass · 6-1

  • HOUSE COMMERCE COMMITTEE: Rec. for pass. if am., ref. to Finance, Ways, and Means Committee 3/18/2026 Passed (6)

    2026-03-18 · pass · 17-4

  • HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 3/25/2026 Passed (5)

    2026-03-25 · pass · 12-0

  • HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 3/31/2026 Passed (4)

    2026-03-31 · pass · 22-0

    Member-level votes (3)
    • Camper: not voting
    • Freeman: not voting
    • Sparks: not voting

  • FLOOR VOTE: REGULAR CALENDAR PREVIOUS QUESTION AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/9/2026 Passed

    2026-04-09 · pass · 65-24

  • HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/9/2026 4/2/2026 (3)

    2026-04-09 · fail · 0-0

  • FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/9/2026 Passed (2)

    2026-04-09 · pass · 68-21

    Member-level votes (3)
    • Barrett: not voting
    • Hurt: not voting
    • Todd: not voting

  • FLOOR VOTE: as Amended Third Consideration 4/16/2026 Passed (1)

    2026-04-16 · pass · 21-7

  • FLOOR VOTE: MESSAGE CALENDAR CONCUR IN SENATE AMENDMENT # 2 4/22/2026 Passed (1)

    2026-04-22 · pass · 70-19

    Member-level votes (2)
    • Barrett: not voting
    • Vital: not voting

Related bills

Official source

https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=HB2502&ga=114

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:32:51.339172Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=TN&identifier=HB 2502. See the API docs or the MCP server for AI assistants.

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