A bill for an act creating a state remittance tax and including applicability provisions.

Iowa House File 2168 proposed a 50% tax on the gross amount of certain money transfers, known as remittance transfers, initiated by senders in Iowa. This tax would apply to transfers where the sender provides cash, a money order, a cashier’s check, or similar physical instruments to the transfer provider. The tax would not apply to transfers funded from accounts held in financial institutions. The sender was responsible for paying the tax, which the transfer provider would collect and remit monthly to the Iowa Department of Revenue. All revenue from this tax was to be deposited into the state's general fund. The tax was set to apply to transfers occurring on or after July 1, 2026. ([legiscan.com](https://legiscan.com/IA/text/HF2168/id/3332959?utm_source=openai))

As of now, there is no media coverage available regarding Iowa House File 2168.

As of now, there is no media coverage available regarding Iowa House File 2168.