Senate Banking & Insurance Committee Amendment
S 1031 - Session 125 (2023-2024)
Uniform Money Services Act

The Committee on Banking and Insurance proposes the following amendment (LC-1031.SA0004S):

Amend the bill, as and if amended, SECTION 1, by striking Section 35-11-105(22)(b) and inserting:

  (b) The term does not include the provision solely of delivery, online or telecommunications services, or network access.

Amend the bill further, SECTION 1, by striking Section 35-11-105(29) and inserting:

 (29) "Payroll processing services" means delivering wages or salaries on behalf of employers to employees or facilitating the payment of payroll taxes to state and federal agencies, making payments relating to employee benefit plans, making distributions of other authorized deductions from wages or salaries, transmitting other funds on behalf of an employer in connection with transactions related to employees, an employer performing payroll processing services on its own behalf or on behalf of its affiliate, or a professional employment organization subject to regulation under other applicable state law.

Amend the bill further, SECTION 1, Section 35-11-110(A), by adding an item to read:

  (15) payroll processing services.

Amend the bill further, SECTION 1, by deleting Section 35-11-555.