Money Transmission Modernization Act; require licensee to charge fee for 287(g) and General Fund, refundable via income tax credit.

An Act To Require Licensees Under The Money Transmission Modernization Act To Collect A Fee Of $7.50 For Each Transaction Not In Excess Of $500.00 And 1.5% Of Any Amount In Excess Of $500.00; To Require The Fee To Be Remitted Quarterly To The Department Of Revenue; To Require The Department Of Revenue To Remit Half Of Such Fees To The Law Enforcement 287(g) Program Fund And The Other Half To The State General Fund; To Require Licensees To Post Notice That Fees Paid May Be Reimbursed Through An I…

Source: OpenStates · fetched April 2, 2026