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SB 2828 Mississippi Senate · 2026 Regular Session

Money Transmission Modernization Act; require licensee to charge fee for 287(g) and General Fund, refundable via income tax credit.

SB 2828, the Money Transmission Modernization Act, requires money transmission licensees (such as companies that send money electronically) to charge customers a fee of $7.50 for transactions under $500 or 1.5% of amounts over $500. Licensees must remit these fees quarterly to the Department of Revenue, with half going to the Law Enforcement 287(g) Program Fund (supporting state/local law enforcement partnering with ICE) and half to the State General Fund. The bill mandates licensees to inform customers they can claim an income tax credit for these fees when filing their taxes. This provision would expire on July 1, 2029.
Issues: ✓ Budget & TaxesSupports Budget & TaxesMandates transaction fees to fund Law Enforcement 287(g) Program and State General Fund, increasing state revenue allocation.95% confidence ✗ ImmigrationOpposes ImmigrationBill allocates fees to 287(g) Program Fund, funding state law enforcement cooperation with ICE for immigration enforcement, directly supporting increased federal immigration enforcement efforts.90% confidence
Bill status died 4 of 5 stages cleared
Introduction
Feb 2026
Committee Review
Apr 2026
Senate Passage
Feb 2026
House Passage
Mar 2026
Governor
Introduced Feb 13, 2026 Last action Apr 2, 2026
Maddy AI version diff · 2 comparisons

What changed between versions

Committee Substitute → Current version · 2 edits
MINOR
The bill's title was updated to reflect its status as passed by the Senate. The substantive language regarding fees, exemptions, and fund creation remains unchanged. However, the effective date was drastically altered: the bill now takes effect on July 1, 2026, but is immediately repealed on June 30, 2026, rendering the entire legislation null and void.
Scope change
The bill's scope is effectively nullified because the effective date and repeal date are set to the same day, preventing any provisions from ever taking force.
TIMELINE

The effective date was changed to July 1, 2026, and a repeal date of June 30, 2026 was added, causing the bill to expire immediately upon its start date.

TECHNICAL

The bill header was updated from 'Committee Substitute' to 'As Passed the Senate' to reflect its legislative status.

Floor votes · Senate Feb 12, 2026 · House Mar 4, 2026

How they voted

35–15
Passed
Total votes 50
Feb 12, 2026
D Democratic17
3 Yea 14 Nay
82% Nay
R Republican33
32 Yea 1 Nay
96% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
23
Key actions
9
Committee
9
Amendments
2
Apr 1, 2026
Committee
Recommitted For Further Conf
upper
Apr 1, 2026
Lower · Passed
Conference Report Adopted
lower
Mar 31, 2026
Upper · Passed
Conference Report Filed
upper
Mar 31, 2026
Committee
Recommitted For Further Conf
lower
Mar 30, 2026
Upper · Passed
Conference Report Filed
upper
Mar 4, 2026
Lower · Passed
Passed As Amended
lower
Mar 4, 2026
Lower · Passed
Amended
lower
Feb 26, 2026
Lower · Passed
Title Suff Do Pass As Amended
lower
Feb 16, 2026
Committee
Referred To Banking and Financial Services
lower
Feb 13, 2026
Introduced
Transmitted To House
upper
Feb 12, 2026
Upper · Passed
Passed As Amended
upper
Feb 12, 2026
Upper · Passed
Amended
upper
Feb 3, 2026
Upper · Passed
Title Suff Do Pass Comm Sub
upper
Jan 19, 2026
Committee
Referred To Finance
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Angela Hill
Angela Hill
RRepublican
MS
40