This bill establishes new regulations regarding fees for wire transmissions and introduces related income tax credits. It defines "wire transmission" as money transmission by wire, both domestically and internationally. Licensees or their authorized delegates are required to collect a fee of $5 for each wire transmission of $500 or less, and an additional 2% fee for amounts exceeding $500. These fees must be remitted quarterly to the Department of Revenue, which will then allocate the funds to the Office to Combat Human Trafficking.

Additionally, the bill mandates that licensees inform customers that they are eligible for an income tax credit equal to the total wire transmission fees paid during the tax year, provided they file an individual income tax return with a valid social security number or taxpayer identification number. The Department of Revenue, in collaboration with the Department of Public Safety, is tasked with enforcing these provisions. Non-compliance by licensees may result in suspension or revocation of their licenses, and the superintendent of banking may file claims against the licensee's surety bond if necessary.