2026 Regular Session
SB1988
Wire transmission fee; increasing fee; modifying application; reauthorizing income tax credit. Effective date.
Legislative progress
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This summary includes only completed milestones supported by recorded actions. It does not predict the next step, and it preserves later committee reassignments, concurrence, conference, veto, and approval actions when they occur.
Partner positions
Dislikes
Limits the transaction fee for wire transfers to only those transfers made outside of the United States. Also increases the fee from $5.00 to $20.00 for all transfers involving amounts of $500.00 or less. Also increases the percentage collected for amounts exceeding $500.00 from 1% to 4% but the person can jump through hoops and claim a tax deduction for the fees.
Recorded floor votes
1 roll call are available for this bill. This record includes procedural and intermediate action as well as substantive final votes.
February 10, 2026 · Senate
Senate: Public Safety Committee: DO PASS
Failed
4 yea–4 nay
Committee referrals
February 3, 2026 · Senate
Public Safety
Instrument history
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This is the complete recorded action history in the current source package. Highlighted entries are marked as significant by the source. A roll-call link appears only when a vote-like action has one unambiguous same-day chamber vote.
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Senate Failed in Committee - Public Safety View roll call
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Senate Second Reading referred to Public Safety Committee then to Appropriations Committee
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Senate Authored by Senator Guthrie
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Senate First Reading