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Senate advances money-transmission fee that would fund law‑enforcement 287(g) program after contentious debate
Summary
The Mississippi Senate approved a committee substitute for SB 28 28, creating a per‑transaction fee on certain cash wire transfers and directing the money into a new law‑enforcement 287(g) program fund; supporters said it closes tax gaps, opponents warned it would funnel state dollars to ICE and disproportionately affect cash-dependent residents.
JACKSON — The Mississippi Senate voted to advance a committee substitute to the Money Transmission Modernization Act (SB 28 28), a measure that requires licensed money‑transmission businesses to collect a per‑transaction fee and remit those receipts to a special fund intended for law‑enforcement partnerships under the federal 287(g) immigration program.
Senator Hill, the bill sponsor, said the legislation targets cash wire transfers that move money out of the country and would charge $7.50 on transfers of $500 or less and 1.5% on amounts above $500. "If it's less than $500, it's $7.50. If it's greater than $500, it's 1 and a half percent," Hill said in floor debate, arguing the change…
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