Relating to imposing a tax on certain money transmissions.

HB 4180 imposes a 25% tax on money transfers from Texas to foreign countries facilitated by licensed money transmission companies (like Western Union or cryptocurrency services). The tax is added to the transfer amount at the point of transaction and collected monthly by the companies, which must report totals and remit funds to the state comptroller. Proceeds from the tax will go into the state’s general revenue fund. This bill directly affects businesses that handle cross-border money transfers, requiring them to collect and submit the tax monthly starting September 1, 2025.