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Indiana · 2026 Regular Session · Bill

SB 202: Taxation of remittances.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 202 is a bill introduced in the Indiana Senate on January 8, 2026. According to its official title, it concerns: Taxation of remittances. Primary sponsor: Jim Tomes (Republican). Most recent recorded action (January 8, 2026): First reading: referred to Committee on Insurance and Financial Institutions.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Requires a money transmitter (entities licensed under the Money Transmission Modernization Act) to collect and remit an international money wiring fee from senders of a money transmission transaction to a location outside of the United States. Provides an income tax credit to an individual who is a citizen or national of the United States, or an alien who has lawful permanent resident status or conditional permanent resident status, and paid an international money wiring fee during the taxable year. Requires the revenue from the international money wiring fee to be deposited in the state general fund. Includes the international money wiring fee under the definition of "listed taxes" that the department of state revenue is required to collect and administer.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Jim TomesPrimary sponsorRepublicanSenate49

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. First reading: referred to Committee on Insurance and Financial Institutions
  2. Authored by Senator Tomes

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source