Alabama · 2026rs
HB 585
Money transmissions, transaction fee imposed for certain outgoing international wire transfers, income tax credit established to offset transaction fees imposed on taxpayer, reporting of certain suspicious cash transactions required, Securities Commission to enforce
Bill record: Open States bulk CSV (bills/votes) CC0-1.0
Summary AI-generated
Alabama HB 585 proposes establishing an income tax credit to offset transaction fees on certain outgoing international wire transfers and requires reporting of specific suspicious cash transactions. The bill also designates the Securities Commission as the enforcing authority for these provisions regarding money transmissions.
Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)
Issue tags AI-classified
Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)
Sponsors
- Jennifer Fidler Republican lead