Tennessee House approves new tax on overseas money wires aimed at immigrant transactions
Without debate, the Tennessee House adopted a new tax on international money wire transfers aimed at generating state revenue primarily from funds that immigrants living in Tennessee send overseas. The proposed legislation (HB2502/SB2166) by House Speaker Cameron Sexton of Crossville and Sen. Bo Watson of Hixson — both Republicans — would impose a $10 per-transaction […]
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