HB585 — Money transmissions, transaction fee imposed for certain outgoing international wire transfers, income tax credit established to offset transaction fees imposed on taxpayer, reporting of certain suspicious cash transactions required, Securities Commission to enforce

HB585 — Money transmissions, transaction fee imposed for certain outgoing international wire transfers, income tax credit established to offset transaction fees imposed on taxpayer, reporting of certain suspicious cash transactions required, Securities Commission to enforce · Informed CitizenryHouse Bill 585 aims to regulate and tax specific types of outgoing international wire transfers. The bill establishes a new transaction fee that will be applied when certain funds are wired out of…Open in Informed Citizenry