The bill amends several sections of the Revised Code to eliminate the authority to levy replacement property tax levies, specifically repealing section 5705.192. It clarifies that certain taxes, including those designated as replacement levies, will no longer be recognized as renewals of existing taxes. New language is introduced to state that qualifying levies do not include any replacement levies as they existed before the effective date of this amendment. The bill also outlines procedures for determining tax reductions and exemptions for real property, ensuring that the tax commissioner continues to make annual determinations regarding tax levies and reductions while streamlining property tax regulations.

Additionally, the bill addresses various aspects of governance and financial management for school districts and community college districts. It allows school districts to declare insufficient tax limitations and issue general obligation bonds for permanent improvements, while also enabling regional student education districts to propose tax levies in excess of the ten-mill limitation. The bill mandates that all ballot questions related to tax levies be presented clearly, with specific formatting requirements, and it removes the option for renewing or replacing taxes for current operating expenses or permanent improvements. Overall, the bill aims to enhance the financial management processes for educational institutions and streamline the tax levy procedures within the state.

Statutes affected:
As Introduced: 319.301, 319.302, 523.06, 1545.21, 3316.041, 3316.06, 3358.11, 3505.06, 5705.03, 5705.218, 5705.2111, 5705.221, 5705.233, 5705.261, 5705.412, 5705.192