MS SB2828

Imposes a fee of $7.50 on money transmission transactions up to $500, plus 1.5% on amounts exceeding $500, with fees remitted quarterly to the Department of Revenue

Allocates collected fees equally between the newly created Law Enforcement 287(g) Program Fund (supporting state/local law enforcement partnerships with ICE) and the State General Fund

Provides a refundable income tax credit equal to fees paid for individuals who file returns with a valid social security number or taxpayer identification number, with unused credits carried forward for three years

Exempts transactions funded by withdrawals from federally insured financial institutions or by U.S.-issued debit/credit cards from the fee requirement

Contains conflicting effective date language: states the act takes effect July 1, 2026, but also states it "shall stand repealed on June 30, 2026," while Section 1 provisions separately repeal on July 1, 2029