Iowa legislation · 91st General Assembly
Iowa HF2168: A BILL FOR An Act creating a state remittance tax and including applicability provisions
Status: In committee, January 27, 2026
An Act creating a state remittance tax and including applicability provisions.
What the bill says
A bill FOR An Act creating a state remittance tax and including applicability provisions.
From the introduced text, January 27, 2026:
A BILL FOR An Act creating a state remittance tax and including applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5831YH (4) jm/jh H.F. 2168 Section 1. NEW SECTION. 423H.1 Definitions. As used in this chapter: 1. "Department" means the department of revenue. 2. "Director" means the director of revenue. 3. "Financial institution" means the same as defined in section 422.61. 4. "Remittance transfer" means the same as defined in U.S.C. §1693o-1(g). 5. "Remittance transfer provider" means any person or financial institution that provides remittance transfers for a consumer in the normal course of business, whether or not the consumer holds an account with such a person or financial institution. 6. "Sender" means the consumer who requests a remittance provider to send a remittance transfer for the consumer to a designated recipient. Sec. 2. NEW SECTION. 423H.2 Imposition of remittance transfer tax. 1. A tax shall be imposed equal to fifty percent of any gross remittance transfer amount made by a sender in this state. 2. The tax imposed under this chapter applies only to any remittance transfer for which the sender provides cash, a money order, a cashier's check, or any other similar physical instrument to the remittance transfer provider. The tax shall not be imposed on any remittance transfer for which …
Sponsors
- Zachary Dieken (R, 5) · primary sponsor
Latest actions
- : Introduced, referred to Commerce. H.J. 156 .
Subjects: financial institutions, consumer affairs, taxation
Common questions
- What is HF2168?
- HF2168 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act creating a state remittance tax and including applicability provisions.
- What does HF2168 do?
- In its own words: A bill FOR An Act creating a state remittance tax and including applicability provisions.
- What is the status of HF2168?
- In committee as of January 27, 2026. Latest action: Introduced, referred to Commerce. H.J. 156 . (January 27, 2026).
- Who sponsored HF2168?
- Zachary Dieken (R, 5).
- Where is the official record for HF2168?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+2168&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.