Indiana SB0202 imposes a tax on international money wiring fees and provides a tax credit for eligible individuals.

Indiana SB0202 mandates that money transmitters collect an international money wiring fee from senders of money transmission transactions to a location outside the United States. The fee is based on the transaction amount, with a minimum fee of five dollars and an additional one percent for amounts exceeding five hundred dollars. The collected fees are to be remitted quarterly to the Department of State Revenue and deposited in the state general fund.

Indiana SB0202 imposes a tax on international money wiring fees and provides a tax credit for eligible individuals.

Indiana SB0202 mandates that money transmitters collect an international money wiring fee from senders of money transmission transactions to a location outside the United States. The fee is based on the transaction amount, with a minimum fee of five dollars and an additional one percent for amounts exceeding five hundred dollars. The collected fees are to be remitted quarterly to the Department of State Revenue and deposited in the state general fund.