TX HB4180

Imposes a 25% tax on all money transmissions sent from Texas to foreign countries through licensed money transmission services

Requires money transmission licensees to collect the tax from customers by adding it to the transaction price

Mandates monthly reporting and remittance to the comptroller by the 25th of each month for all taxable transactions from the preceding month

Requires licensees to maintain complete records of total amounts transmitted subject to the tax and any other information required by the comptroller

Deposits all tax proceeds into the state's general revenue fund, with an effective date of September 1, 2025