H.B. No. 416 Summary

• Establishes licensing requirements for companies that sell, provide, install, repair, or manage traffic law photo-monitoring devices (red light cameras and speed cameras) under new Chapter 4787.

• Requires traffic camera dealers to obtain licenses from the Division of Industrial Compliance, pay $100,000 licensing fee, maintain $1 million bond/insurance, and provide annual certificates of device accuracy.

• Imposes an 8% tax on gross receipts of traffic camera dealers for sales sitused to Ohio, deposited into the traffic camera receipts fund.

• Creates registration and reporting requirements for dealers; establishes penalties for late registration, failure to remit taxes, and unlicensed operations.

• Directs remaining tax revenues after refunds to fund post-traumatic stress disorder treatment services for public safety officers.