This bill amends various sections of the Revised Code to eliminate the authority for replacement property tax levies, specifically repealing section 5705.192 and modifying sections 319.301 and 319.302 to clarify that replacement levies are no longer recognized. The amendments specify that qualifying levies for partial exemptions will not include any replacement levies as they existed prior to this amendment. The intent of these changes is to streamline the taxation process and remove the option for taxing districts to impose replacement levies, which could affect funding for local services. The bill also outlines the responsibilities of the tax commissioner and county auditors in determining tax rates and reductions, ensuring that the elimination of replacement levies does not negatively impact existing tax structures.

Additionally, the bill introduces new provisions for various tax and bond issuance processes, including those for state community college districts, school districts, and regional student education districts. It allows boards to adopt resolutions for tax levies and bond issuance, while emphasizing that taxes can only be renewed and not replaced. The bill also establishes guidelines for ballot measures, ensuring transparency in the presentation of tax questions to voters. Furthermore, it mandates that school districts attach a certificate of tax authorization to contracts, confirming sufficient operating revenues. Overall, the bill aims to simplify property tax regulations, enhance accountability, and ensure that voters are well-informed about the financial implications of their decisions.

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
As Reported By House Committee: 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
As Passed By House: 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