OH HB149

Imposes a 3% transfer fee on all money transmissions from customers in Ohio, with fees collected quarterly by the Superintendent of Financial Institutions and deposited into a new "Withholding Illegal Revenue Entering Drug Markets" fund

Creates a refundable income tax credit for customers who pay the transfer fee, capped at $300 per year, with money transmission businesses required to post notices informing customers of this credit

Establishes a grant program through the Department of Public Safety to distribute collected funds to local law enforcement agencies for investigating and enforcing human trafficking and drug trafficking laws

Requires equitable distribution of grants across jurisdictions and agencies of varying sizes, and permits multiple agencies to apply jointly for cooperative enforcement efforts including drug task forces

Money transmitters filing quarterly reports and paying on time receive a 0.75% discount on fees owed; the tax commissioner annually certifies credits claimed and transfers equivalent amounts from the WIRED fund to the general revenue fund