Ohio2026Passed Legislature

HB149

Ohio's WIRED Act: Money Transfer Fee and Tax Credit

Last scannedAug 25, 2026, 4:32 AM

In one sentence

This bill creates a fee on money transfers in Ohio to fund grants for police investigating drug and human trafficking, while giving customers who pay the fee an income tax credit.

Imposes a three percent transfer fee on companies that send money from customers located in Ohio.
Requires these companies to list the fee as a separate line item on receipts given to customers.
Creates a state fund called the Withholding Illegal Revenue Entering Drug Markets Fund to hold all collected fees.
Allows local police departments, sheriffs, and marshals to apply for grants from this fund to investigate drug trafficking and human trafficking.
Gives Ohio taxpayers a refundable income tax credit equal to the transfer fees they paid, up to $300 per year.

Companies licensed or authorized to transmit money for customers in Ohio
Customers who pay these companies to send money from within Ohio
Local law enforcement agencies including police departments and sheriff's offices
Ohio taxpayers filing state income tax returns

The bill does not specify when it will take effect or if a governor has signed it into law.
Rules for how grants to police agencies will be distributed are not yet written and must be created by state officials later.
Taxpayers may need to provide proof of payment to the tax commissioner before receiving their credit.

Plain language

Transfer fee: A charge equal to three percent of the amount of money being sent by a customer.
Refundable credit: An income tax benefit that reduces taxes owed; if the credit is larger than the taxes due, the taxpayer gets the extra amount back as cash.

Official record

Source attached

Enact Withholding Illegal Revenue Entering Drug Markets WIRED Act

Official activity