The bill amends section 323.131 and enacts section 5705.17 of the Revised Code to prohibit most property tax levies submitted at a general election from taking effect in the current tax year. Specifically, it introduces new language stating that no qualifying property tax certified to electors at a general election shall take effect in the current tax year, and it restricts county boards of elections from certifying such taxes to appear on the ballot. The bill also outlines the requirements for tax bills, including the inclusion of information about qualifying property taxes that will be included in the tax bill for the following tax year, along with an estimate of projected first-year collections based on current tax values.

Additionally, the bill defines "qualifying property tax" and specifies exceptions, such as taxes levied by taxing units in fiscal distress or those intended to renew existing taxes. The existing section 323.131 is repealed, and the new provisions will apply to qualifying property taxes submitted at general elections held in the first calendar year after the bill's effective date and for all subsequent general elections.

Statutes affected:
As Introduced: 323.131