First reading: referred to Committee on Financial Institutions
Summary
The bill would make licensed money‑transmitters collect a fee from anyone sending money abroad and remit that fee to the state. Senders who are U.S. citizens, nationals, or lawful permanent residents could claim a tax credit equal to the fee they paid. Eighty percent of the fee revenue would go into a newly named community‑based services fund to help expand two Medicaid waiver programs, while the remaining twenty percent would go to the state general fund.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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