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BILL • IA HOUSE

HF 601

A bill for an act relating to fees for wire transmissions, and related income tax credits.

2025-2026 Regular Session
Introduced by Mark Thompson,

New quarterly wire-transfer fees ($5 up to $500, plus 2% of amounts over $500) fund anti-human trafficking; taxpayers receive a credit equal to fees paid; customers get notices.

Subcommittee recommends amendment and passage.
#financialinstitutions #incometaxes #money #taxcredits
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Bill Summary • HF 601
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