Minnesota HF4341 imposes a 1% tax on remittance transfers sent from the state, effective June 30, 2026.

Minnesota HF4341 introduces a 1% tax on remittance transfers sent from the state, applicable to transfers made after June 30, 2026. The tax applies to transfers funded with cash, money orders, cashier's checks, or similar instruments. Remittance transfer providers must report and remit the tax to the commissioner, with provisions for refunds, interest, penalties, and enforcement. The tax is considered a personal debt of the sender from the time the liability arises.

Minnesota HF4341 imposes a 1% tax on remittance transfers sent from the state, effective June 30, 2026.

Minnesota HF4341 introduces a 1% tax on remittance transfers sent from the state, applicable to transfers made after June 30, 2026. The tax applies to transfers funded with cash, money orders, cashier's checks, or similar instruments. Remittance transfer providers must report and remit the tax to the commissioner, with provisions for refunds, interest, penalties, and enforcement. The tax is considered a personal debt of the sender from the time the liability arises.