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KS HB2337
Bill
Status
2/7/2025
Primary Sponsor
Financial Institutions and Pensions
Click for details
AI Summary
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Imposes a $7.50 fee on international wire transfers of $500 or less, or 1.5% on transfers exceeding $500, collected by money transmitters and remitted monthly to the director of taxation by the 25th of each month.
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Distributes collected fees annually (starting July 15, 2026) to three new funds: 30% to the criminal litigation fund (attorney general), 45% to the wire transfer fee fund (KBI for drug and white-collar crime investigations), and 25% to the prosecutor and law enforcement grant fund.
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Establishes an income tax credit equal to fees paid, with unused credits carrying forward up to 5 years.
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Creates the misdemeanor crime of "unlawful transmission of a wire transfer" for non-U.S. citizens and non-lawfully present aliens who send, receive, deposit for, or withdraw proceeds from wire transfers, classified as a class C nonperson misdemeanor.
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Disqualifies law enforcement agencies from receiving grant funds if they refuse to cooperate with federal immigration authorities or honor immigration detainers, with the attorney general identifying ineligible agencies annually.
Legislative Description
Imposing a fee on each international transaction by a money transmitter by wire, allowing the state bank commissioner to assess penalties for the nonpayment of such fee, providing for the distribution of such fee and penalty moneys, establishing the criminal litigation fund, wire transfer fee fund and prosecutor and law enforcement grant fund and creating a misdemeanor crime of unlawful transmission of a wire transfer and providing criminal penalties therefor.
Last Action
House Hearing: Monday, February 17, 2025, 9:00 AM Room 582-N
2/17/2025