Banking and finance; money transmission transactions by financial institutions; provide certain fees

A BILL to be entitled an Act to amend Article 4 of Chapter 1 of Title 7 of the O.C.G.A., relating to sale of payment instruments, so as to provide for the imposition of certain fees upon money transmission transactions completed by financial institutions for individuals; to provide for compensation to financial institutions for reporting and paying fees; to amend Article 3 of Chapter 7 of Title 48 of the O.C.G.A., relating to income tax returns and furnishing of information, so as to provide for a tax credit for residents in the amount of certain assessed money transmission transaction fees paid by such residents; to provide for a reimbursement for certain residents in the amount of certain assessed money transmission transaction fees paid by such residents; to provide for related matters; to repeal conflicting laws; and for other purposes.