The proposed bill, known as the Taxpayers Freedom Trilogy Act Three: The Triumph of the Taxpayer, seeks to amend several sections of the Revised Code to increase the approval threshold required for the passage of certain property taxes. Specifically, it modifies sections 345.02, 511.07, 757.02, and 3318.06, changing the required affirmative vote from a two-thirds majority to a simple majority for certain tax levies. Additionally, it introduces a new section, 5705.171, which establishes specific approval percentages for voted taxes based on their aggregate rates. For instance, levies with an aggregate rate of not more than one mill would require approval from fifty percent of electors, while those exceeding two mills would need sixty-six percent approval.

The bill also includes provisions that ensure any additional territory added to a taxing unit for a voted tax must be approved by the applicable percentage of electors. Furthermore, it repeals existing sections 345.02, 511.07, 757.02, and 3318.06, effectively replacing them with the new language that reflects these changes. Overall, the bill aims to streamline the process for approving property taxes while providing more flexibility for local governments in funding essential services.

Statutes affected:
As Introduced: 345.02, 511.07, 757.02, 3318.06