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Utah imposes 2% tax on international money transmissions beginning January 1, 2027, with exemptions for customers presenting valid identification

Original title: International Money Transmission Amendments

Last action · March 6, 2026: House/ filedSponsors: Stephanie Gricius and 1 other

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

Beginning January 1, 2027, Utah imposes a 2% tax on s unless the customer presents valid identification at the time of the transaction. Licensed money transmitters must collect the tax, itemize it on receipts, remit collections quarterly to the State Tax Commission, and submit annual reports.

Why it matters

Customers sending money abroad face a 2% tax increase unless they provide specific approved forms of identification, while licensed transmitters assume new compliance, tax collection, and record-retention duties.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Customers conducting international money transmissions

Customers must pay a 2% tax on international transfers unless they present a valid approved form of identification.

Directly affected

Licensed money transmitters

Licensees must collect the tax, itemize it on receipts, remit collections quarterly, submit annual reports, and retain customer identification records.

Directly affected

State Tax Commission

The commission administers, collects, and enforces the tax, deposits revenues into the General Fund, and receives annual licensee reports.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who has to pay the 2% international money transmission tax?
The customer requesting the must pay the tax, unless they present a valid, non-expired form of identification at the time of the transaction.
What identification forms exempt a customer from the tax?
Acceptable identification includes a U.S. passport or passport card, state-issued driver license or ID card, U.S. military ID, state-issued concealed carry permit, resident alien card, federally recognized Indian tribe ID, H-2A or H-2B visa, or diplomat ID. Utah driving privilege cards are not accepted.
How often do licensed money transmitters have to remit the collected taxes?
Licensees must remit the collected taxes quarterly to the State Tax Commission on or before the last day of the month following each calendar quarterly period.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

This bill did not become law - Died at adjournment · passed the House · in Senate committee.

Procedural history

30 actions
  1. Mar 6, 2026House
    House/ filed
  2. Mar 6, 2026House
    House/ received from Senate
  3. Mar 6, 2026Senate
    Senate/ to House
  4. Mar 6, 2026Senate
    Senate/ strike enacting clause
  5. Mar 3, 2026Senate
    Senate/ comm rpt/ sent to Rules
  6. Mar 2, 2026Senate
    Senate Comm - Recommends Returned to Rules
Show 24 earlier actions
  1. Feb 17, 2026SenateCommittee
    Senate/ to standing committee
  2. Feb 10, 2026SenateIntroduced
    Senate/ 1st reading (Introduced)
  3. Feb 10, 2026Senate
    Senate/ received from House
  4. Feb 10, 2026House
    House/ to Senate
  5. Feb 10, 2026HouseFloor
    House/ passed 3rd reading
  6. Feb 10, 2026House
    House/ 3rd reading
  7. Jan 30, 2026Released
    LFA/ fiscal note publicly available for HB0141S01
  8. Jan 30, 2026Version Sponsor
    LFA/ fiscal note sent to sponsor for HB0141S01
  9. Jan 30, 2026House
    House/ 2nd reading
  10. Jan 30, 2026House
    House/ comm rpt/ substituted
  11. Jan 29, 2026House
    House Comm - Favorable Recommendation
  12. Jan 29, 2026House
    House Comm - Substitute Recommendation
  13. Jan 28, 2026Legislative Fiscal Agency
    LFA/ bill sent to agencies for fiscal input for HB0141S01
  14. Jan 28, 2026Legislative Fiscal Analyst
    LFA/ bill assigned to staff for fiscal analysis for HB0141S01
  15. Jan 23, 2026HouseCommittee
    House/ to standing committee
  16. Jan 20, 2026HouseIntroduced
    House/ 1st reading (Introduced)
  17. Jan 20, 2026House
    House/ received fiscal note from Fiscal Analyst
  18. Jan 16, 2026Released
    LFA/ fiscal note publicly available for HB0141
  19. Jan 16, 2026Version Sponsor
    LFA/ fiscal note sent to sponsor for HB0141
  20. Jan 14, 2026House
    House/ received bill from Legislative Research
  21. Jan 5, 2026Legislative Fiscal Agency
    LFA/ bill sent to agencies for fiscal input for HB0141
  22. Jan 5, 2026Legislative Fiscal Analyst
    LFA/ bill assigned to staff for fiscal analysis for HB0141
  23. Jan 5, 2026Legislative Research and General Counsel
    Numbered Bill Publicly Distributed
  24. Jan 5, 2026Legislative Research and General Counsel
    Bill Numbered but not Distributed

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift98% confidence

Establishment of International Money Transmission Tax

Utah creates a completely new tax framework targeting cross-border financial transactions while providing an exemption mechanism tied to specific government-issued identification.

Connected Entities

State Tax Commission, Department of Financial Institutions, Stephanie Gricius and 1 more
OrganizationState Tax Commission“Receives tax remittances, licensee lists, and annual reports”Map →
OrganizationDepartment of Financial Institutions“Licenses money transmitters and provides annual licensee lists”Map →
PersonStephanie Gricius“Chief Sponsor of HB 141”Map →
PersonDaniel McCay“Senate Sponsor of HB 141”Map →

Sources

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 65)
  • Controversy50
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz35
    Current news / social attention level

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