The bill amends various sections of the Revised Code to incorporate fixed-sum levies into the calculation of a school district's millage floor and to authorize such levies under specific limitations. It introduces new sections 5705.195, 5705.196, and 5705.197, while amending existing sections 319.301, 323.32, 5705.01, 5705.03, 5705.194, and 5709.92. The amendments clarify property tax definitions and calculations, particularly regarding taxes levied for fixed amounts and the necessary adjustments for compliance. Additionally, the bill includes deletions that refine tax calculation language and the handling of delinquent property tax charges related to railroad companies, ensuring that certain levies are excluded from calculations until a specified date.

Moreover, the bill outlines procedures for taxing authorities to levy taxes outside the ten-mill limitation, requiring them to certify resolutions to the county auditor with details about the proposed tax. It allows school districts in fiscal caution, watch, or emergency, or affected by disaster declarations, to propose additional tax levies for current expenses, with a certification process to the director of education and workforce. The bill also addresses the distribution of payments to school districts affected by property transfers and levy losses, ensuring equitable reimbursements and supplemental payments for districts with nuclear power plants during specified fiscal years. Overall, the bill aims to enhance financial management and support for school districts while maintaining compliance with legal requirements.

Statutes affected:
As Introduced: 319.301, 5705.314
As Reported By House Committee: 319.301, 323.32, 5705.01, 5705.03, 5705.194, 5709.92
As Passed By House: 319.301, 323.32, 5705.01, 5705.03, 5705.194, 5709.92
As Reported By Senate Committee: 319.301, 323.32, 5705.01, 5705.03, 5705.194, 5709.92
As Passed By Senate: 319.301, 323.32, 5705.01, 5705.03, 5705.194, 5709.92
As Enrolled: 319.301, 323.32, 5705.01, 5705.03, 5705.194, 5709.92