Bill > HB1760

This bill imposes a fee on money transmissions sent from Texas to destinations outside the United States, unless the individual sending the money can provide proof of U.S. citizenship or legal presence in the U.S. The fee is 3% of the total amount sent, plus $5, with the money transmission business retaining a portion of the fee to cover collection costs. The revenue from the fees will be deposited into a "border security account" to fund border security efforts in Texas. The bill also requires the state comptroller to adopt rules to implement the new fee.

Budget and Finance

http://www.legis.state.tx.us/BillLookup/History.aspx?LegSess=85R&Bill=HB1760