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, the bill 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.

Furthermore, the bill repeals existing sections 345.02, 511.07, 757.02, and 3318.06, effectively replacing them with the newly amended provisions. The new legal language emphasizes the need for a majority vote for various tax proposals, thereby simplifying the process for local governments to secure funding through property taxes. This legislative change aims to enhance taxpayer freedom and reduce the barriers to passing necessary tax levies for community projects and improvements.

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