ID H0433

Revises the definition of "scrap metal business" to mean any commercial enterprise that purchases, receives, or processes nonferrous metal property, stainless steel, or commercial metal property.

Requires scrap metal businesses to maintain records for five (5) years for all transactions involving nonferrous or stainless steel metal property purchased from the general public, including seller identification, vehicle information, and photographic or video documentation.

Mandates scrap metal businesses to obtain signed declarations from sellers stating the property is not stolen, and prohibits repeat small transactions under $20.00 within 24 hours to avoid recordkeeping requirements.

Requires law enforcement to receive full transaction records within five (5) business days upon request and allows scrap metal businesses to hold suspected stolen property for up to five (5) business days as directed by law enforcement.

Creates misdemeanor and felony offenses for deliberately removing identification marks from metal property, making false transaction records, knowingly possessing stolen property, and unlawfully taking copper from electrical substations or utility facilities.