Vote Smart's Synopsis:

Vote to pass a bill that prohibits local governments from asking voters to approve what's called a "replacement" levy in Ohio.

Highlights:

• Defines carryover property to mean all real property on the current year's tax list (Sec. 319.301)

• Specifies that the tax commissioner will make the determinations required each year (Sec. 319.301).

• Specifies that this includes the sums levied, which would be reduced (Sec. 319.301).

• Specifies that real property that is not primarily intended for business use will qualify for partial exemption from real property taxation (Sec. 319.302).

• Defines qualifying levy as a levy approved at an election held before Sept. 29, 2013, within the 10 million limitation, a levy provided for by the charter of a municipal corporation for 2013, a subsequent renewal of any levy, or a subsequent substitute for a levy under section 57.05.199 of the Revised code (Sec. 319.302).

• Specifies that the definition does not include any replacement imposed under section  57.05.199 of the Revised code (Sec. 319.302).

• Specifies that if a merger agreement is entered into, all members of each board of township trustees will serve as board members of the new town, the township fiscal officers with the larger township will serve as the new fiscal officer, and voted property tax legacies will stay in effect (Sec. 523.06).

• Requires school districts to adopt a financial recovery plan after 120 days from the initial planning meeting (Sec. ​​3316.06).

Full Bill Text