Utah HB0141 amends the International Money Transmission Tax, defining terms, imposing a tax on international money transmissions, and exempting.

Utah HB0141 amends the International Money Transmission Tax by defining terms such as "money transmission" and "transmission amount." It imposes a tax on international money transmissions starting January 1, 2027, at a rate of 2% of the transmission amount. The tax is paid by the customer and collected by the licensee or an authorized agent, with the tax amount stated separately on an invoice or receipt. The bill exempts international money transmissions from the tax if the customer presents valid identification.

Utah HB0141 amends the International Money Transmission Tax, defining terms, imposing a tax on international money transmissions, and exempting.

Utah HB0141 amends the International Money Transmission Tax by defining terms such as "money transmission" and "transmission amount." It imposes a tax on international money transmissions starting January 1, 2027, at a rate of 2% of the transmission amount. The tax is paid by the customer and collected by the licensee or an authorized agent, with the tax amount stated separately on an invoice or receipt. The bill exempts international money transmissions from the tax if the customer presents valid identification.