HB 4180

relating to imposing a tax on certain money transmissions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.  Subtitle E, Title 2, Tax Code, is amended by
adding Chapter 164 to read as follows:
CHAPTER 164.  TAX ON CERTAIN MONEY TRANSMISSIONS
SUBCHAPTER A.  GENERAL PROVISIONS
Sec. 164.0001.  DEFINITIONS.  In this chapter, "money
transmission" and "money transmission licensee" have the meanings
assigned by Section 152.003, Finance Code.
Sec. 164.0002.  APPLICATION OF OTHER PROVISIONS OF CODE.
Except as provided by this chapter:
(1)  the tax imposed by this chapter is administered,
imposed, collected, and enforced in the same manner as the tax under
Chapter 151 is administered, imposed, collected, and enforced; and
(2)  the provisions of Chapter 151 applicable to the
sales tax imposed under Subchapter C, Chapter 151, apply to the tax
SUBCHAPTER B.  IMPOSITION, AMOUNT, AND COLLECTION OF TAX
Sec. 164.0021.  TAX IMPOSED.  (a)  A tax is imposed on each
money transmission from this state to a foreign country that is
facilitated by a money transmission licensee.
(b)  The amount of the tax shall be added by the money
transmission licensee to the price charged to the person initiating
Sec. 164.0022.  AMOUNT OF TAX.  The amount of the tax is
equal to 25 percent of the amount of the money transmission.
Sec. 164.0023.  COLLECTION AND REMITTANCE OF TAX.  On or
before the 25th day of each month, each money transmission licensee
that initiated at least one money transmission subject to the tax
imposed by this chapter during the preceding month shall send to the
comptroller the amount of tax collected by the licensee during that
Sec. 164.0024.  REPORTS.  On or before the 25th day of each
month, each money transmission licensee that initiated at least one
money transmission subject to the tax imposed by this chapter
during the preceding month shall file with the comptroller a report
(1)  the total amount of money transmitted during the
preceding month that is subject to the tax imposed under this
(2)  any other information the comptroller finds is
necessary to determine the amount of tax the money transmission
licensee is required to collect during the period covered by the
Sec. 164.0025.  RECORDS.  Each money transmission licensee
required to collect the tax imposed by this chapter shall keep a
(1)  the total amount of money transmitted by the
licensee that is subject to the tax imposed under this chapter; and
(2)  any other information required by the comptroller
related to the tax imposed under this chapter.
SUBCHAPTER C.  DISPOSITION OF PROCEEDS
Sec. 164.0051.  DISPOSITION OF PROCEEDS.  The comptroller
shall deposit the proceeds from the collection of the tax imposed
under this chapter to the credit of the general revenue fund.
SECTION 2.  This Act takes effect September 1, 2025.