The Taxpayers Freedom Trilogy Act One: Discontinuing the Continuum seeks to amend various sections of the Revised Code with the primary goal of eliminating property taxes that are levied for a continuing period of time by the year 2030. The bill introduces a new section, 5705.171, and repeals section 5705.261, which previously governed property tax levies. It also modifies existing laws to ensure that any proposed tax levies, including those for fire and police districts, must be for a specified number of years rather than a continuing period. This change aims to enhance transparency and accountability in tax matters, requiring local voters to approve any proposed taxes related to public safety services.

Additionally, the bill outlines procedures for school districts and community colleges regarding tax levies, emphasizing the need for clarity in ballot language and the duration of tax proposals. It removes references to "continuing period of time" in favor of specifying a maximum duration of ten years for tax levies. The bill also establishes guidelines for the issuance of anticipation notes and the management of tax distributions, ensuring that school districts can effectively manage their funding while maintaining compliance with election regulations. Overall, the amendments aim to streamline the tax levy process, enhance financial flexibility for educational institutions, and provide voters with clearer information regarding tax proposals.

Statutes affected:
As Introduced: 505.37, 505.48, 505.481, 3311.21, 3311.50, 3318.05, 3318.052, 3318.08, 3318.18, 3318.44, 3354.12, 3358.11, 5705.03, 5705.19, 5705.191, 5705.192, 5705.198, 5705.199, 5705.21, 5705.212, 5705.213, 5705.215, 5705.217, 5705.218, 5705.219, 5705.2111, 5705.2114, 5705.222, 5705.23, 5705.233, 5705.25, 5705.251, 5748.02, 5748.03, 5748.04, 5748.09, 5705.261