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Original Date Announced
April 13, 2026The Internal Revenue Service (IRS) issued a notice of proposed rulemaking for amendments to the Excise Tax Procedural Regulations (26 CFR part 40) and the Facilities and Services Excise Tax Regulations (26 CFR part 49) under Section 4475 of the Internal Revenue Code, added under the One Big Beautiful Bill Act (OBBBA) to impose an excise tax on certain remittance transfers.
The proposed regulations are rules and definitions about the remittance tax and its scope: The tax will attach when a remittance transfer is made; the taxable amount is only what is ultimately transferred to the recipient; situations where checks are cashed and used to fund transfers as cash transactions are subject to the tax; and the IRS may disregard or recharacterize transactions designed primarily to avoid the remittance tax.
Comments and requests for a public hearing are due June 12, 2026.
Trump 2.0 [ID #2265]
2026.04.13 IRS REG-114499-25 - Excise Tax on Remittance TransfersEffective Date
April 13, 2026Current Status
NoneOriginal Trump Policy Status
Status: Proposed Comment PeriodTrump Administration Action: RuleSubject Matter: EnforcementAgencies Affected: OtherAssociated or Derivative Policies
Documents
Trump-Era Policy Documents
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