OH HB447

Increases noneconomic damages caps in tort actions from $250,000 to $415,000 per plaintiff and from $350,000 to $580,000 maximum per plaintiff, with occurrence caps rising from $500,000 to $830,000

Raises the punitive damages cap for small employers and individuals from $350,000 to $580,000

Increases noneconomic damages caps in medical/dental/optometric/chiropractic malpractice claims from $250,000 to $415,000 per plaintiff and from $350,000 to $580,000 maximum per plaintiff

Raises the cap on non-actual-loss damages against political subdivisions and state universities from $250,000 to $415,000 per person

Establishes annual Consumer Price Index adjustments by the Department of Taxation, with reports due to the General Assembly by February 15 each year, beginning one year after the bill's effective date