Indiana legislation · 2026 Regular Session
Indiana HB1229: International money wiring fee.
Status: In committee, January 5, 2026
Requires a money transmitter (entities licensed under the Money Transmission Modernization Act) to collect and remit an international money wiring fee from senders of a money transmission to a location outside of the United States. Allows a money transmitter to retain a collection allowance from the fee amounts remitted. Provides an income tax credit to individuals who are a citizen or national of the United States, or an alien who has lawful permanent resident status or conditional permanent resident status, and paid an international money wiring fee during the taxable year. Renames the community services quality assurance fund the community based services fund (fund). Requires 20% of the revenue from the international money wiring fee to be deposited in the state general fund and 80% of the revenue to be deposited in the fund to be used to fund the family supports Medicaid waiver and community integration habilitation Medicaid waiver programs, including applied behavior analysis, in order to reduce the wait list and make additional waiver slots available under these two programs. Provides that, of the money in the fund for that purpose, 50% is subject to review by the budget committee before being expended and the remaining 50% may be used any time following the deposit of the money in the fund.
What the bill says
A bill FOR AN ACT to amend the Indiana Code concerning financial institutions.
From the introduced text:
A BILL FOR AN ACT to amend the Indiana Code concerning financial institutions. SECTION 1. IC 6-3-3-15 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2026 (RETROACTIVE)]: Sec. 15. (a) Each taxable year, an individual who: (1) or (B) an alien who has lawful permanent resident status or conditional permanent resident status; and (2) paid any fees under IC 28-8-4.1-707 for a money transmission transaction during the taxable year; is entitled to an international money wiring fee credit against the individual's adjusted gross income tax liability for the taxable year. (b) The amount of the credit is equal to the total amount of international money wiring fees the individual paid during the taxable year. (c) To receive the credit provided by this section, an individual must claim the credit on the individual's state tax return or returns 2026 IN 1229--LS 6901/DI in the manner prescribed by the department. The individual shall submit to the department all information that the department determines is necessary for the calculation of the credit provided by this section. (d) The credit provided by this section may not exceed the amount of the individual's adjusted gross income tax liability for the taxable year, reduced by the sum of all credits for the taxable year that are applied …
Sponsors
- Robb Greene (R, HD-047) · primary sponsor
Latest actions
- : First reading: referred to Committee on Financial Institutions
- : Authored by Representative Greene
Subjects: FEDERAL GOVERNMENT; Generally , HEALTH; Medicaid, TAXES; Credits, FINANCIAL SERVICES; Currency, HEALTH CARE PROFESSIONALS; Behavioral Health, TASK FORCES AND COMMITTEES; Generally
Common questions
- What is HB1229?
- HB1229 is a bill in the Indiana Legislature (2026 Regular Session): International money wiring fee.
- What does HB1229 do?
- In its own words: A bill FOR AN ACT to amend the Indiana Code concerning financial institutions.
- What is the status of HB1229?
- In committee as of January 5, 2026. Latest action: First reading: referred to Committee on Financial Institutions (January 5, 2026).
- Who sponsored HB1229?
- Robb Greene (R, HD-047).
- Where is the official record for HB1229?
- On the Indiana Legislature website: https://iga.in.gov/legislative/2026/bills/house/1229
Source: official Indiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.