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 provisions that require tax bills to include information about qualifying property taxes that will be included in the following year's tax bill if approved by electors during a general election. Additionally, it mandates that these qualifying property taxes will not take effect until the following tax year, ensuring that no qualifying property tax certified to electors at a general election can take effect in the current tax year.

The bill also defines "qualifying property tax" and outlines exceptions, such as taxes levied by units in fiscal distress or those intended to renew existing taxes. Furthermore, it repeals the existing section 323.131, streamlining the tax bill requirements and ensuring compliance with the new regulations. The changes 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