Ohio HB149 imposes a transfer fee on money transmissions to fund law enforcement efforts against human and drug trafficking.

Ohio HB149, also known as the Withholding Illegal Revenue Entering Drug Markets (WIRED) Act, imposes a three percent transfer fee on money transmissions within the state. This fee is intended to generate revenue for local law enforcement agencies. The act allows taxpayers to claim a refundable income tax credit for the transfer fees they pay, up to a maximum of $300 per taxable year.

Ohio HB149 imposes a transfer fee on money transmissions to fund law enforcement efforts against human and drug trafficking.

Ohio HB149, also known as the Withholding Illegal Revenue Entering Drug Markets (WIRED) Act, imposes a three percent transfer fee on money transmissions within the state. This fee is intended to generate revenue for local law enforcement agencies. The act allows taxpayers to claim a refundable income tax credit for the transfer fees they pay, up to a maximum of $300 per taxable year.