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Read. Follow. Verify.Indiana House Bill 1229 Imposes International Money Wiring Fee and Establishes Tax Credit
Last action · January 5, 2026: First reading: referred to Committee on Financial InstitutionsSponsor: Robb Greene
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What This Bill Proposed
Licensed money transmitters must collect and remit an international money wiring fee for transmissions sent outside the United States, starting at $5 for transfers up to $500 plus 3% for amounts exceeding $500. U.S. citizens and lawful permanent residents who pay this fee can claim a matching state income tax credit. Eighty percent of the fee revenue is directed to the newly renamed community based services fund to expand programs for individuals with developmental disabilities.
Senders of international wire transfers face added transaction fees, while eligible resident taxpayers who pay those fees can offset the cost via a state income tax credit. Additionally, the resulting state revenue changes funding availability for slots and services.
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.
Money Transmitters
Money transmitters must collect international wiring fees, file quarterly returns, post required notices, and remit collections while being permitted to retain a collection allowance.
Senders of International Money Transmissions
Senders must pay the assessed international money wiring fee on funds transferred outside the United States.
Eligible Resident Taxpayers
U.S. citizens, nationals, and lawful permanent residents who pay the wiring fee are eligible for an income tax credit against their adjusted gross income tax liability.
Medicaid Waiver Program Participants
Individuals relying on the family supports Medicaid waiver and community integration habilitation Medicaid waiver programs may experience reduced wait lists and increased waiver slot availability.
Key Facts
- A money transmitter must collect a $5 fee for international wire transfers of $500 or less, and $5 plus 3% of the amount exceeding $500 for transfers greater than $500.
- Money transmitters must file returns and remit collected fees quarterly to the department before the fifteenth day of the month following each quarter.
- Money transmitters timely remitting fees may retain a collection allowance equal to 0.73% of the remitted amounts.
- U.S. citizens, nationals, and aliens with lawful or conditional permanent resident status who pay the wiring fee are entitled to an adjusted gross income tax credit equal to the total fees paid.
Show all 10 facts
- The income tax credit cannot be carried forward, carried back, or refunded, and cannot exceed the individual's tax liability.
- The community services quality assurance fund is renamed the community based services fund.
- Twenty percent of international money wiring fee revenue is deposited into the state general fund, and 80 percent goes to the community based services fund.
- Fund monies are allocated to the family supports Medicaid waiver and community integration habilitation Medicaid waiver programs, including applied behavior analysis.
- Fifty percent of the fund money dedicated to waiver programs is subject to budget committee review before expenditure, while the other 50 percent may be used anytime after deposit.
- Money remaining in the community based services fund at the end of a state fiscal year does not revert to the state general fund.
Frequently Asked Questions
Who must pay the international money wiring fee?
How does an individual claim the tax credit for the fee?
Where does the revenue from the international money wiring fee go?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
2 actions- Jan 5, 2026HouseIntroducedFirst reading: referred to Committee on Financial Institutions
- Jan 5, 2026HouseAuthored by Representative Greene
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
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Direct Link Between Wire Fees and Medicaid Waivers
Eighty percent of revenue collected from international money wiring fees is explicitly earmarked to reduce wait lists for family supports and community integration habilitation Medicaid waiver programs.
Connected Entities
Sources
iga.in.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 75)
- Controversy60Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz50Current news / social attention level
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