ALCAP Protecting Churches and Mission Work

A bill (HB297) was recently put forward with good intentions to protect Alabama’s economy and provide tax income for the state. To do this, a 4% fee would be applied to “outgoing international electronic wire transfers.” It is not uncommon for those in the country illegally to take some portion of their pay and send it back to their country of origin electronically. This money is not taxed, thus depriving Alabama of tax income. HB297 was designed to solve this problem.

After hearing from churches and ministries that ALCAP represents, ALCAP President Greg Davis made the bill sponsors aware of certain concerns. This bill could greatly impact churches, nonprofits, and the mission work they support. These organizations and individuals often rely on wire transfers to send money out of the country to missionaries and mission projects. The 4% fee could be damaging to their efforts.

The sponsors paused the bill from consideration for the time being and ALCAP is working with them to see this issue resolved.