❌ HB129
Limit ability to reallocate certain school property tax millage
Current Status: Sent To The Governor
Summary
The bill limits the ability of school districts in Ohio to reallocate unvoted property tax millage and includes certain property and school district income taxes in the calculation of a school district's effective millage floor. It requires the tax commissioner to determine tax reduction factors and mandates public hearings for certain tax levy changes. The amendments apply to tax years beginning on or after the effective date of the bill.
Rationale
The bill increases government control over school district taxation and limits the flexibility of property tax management, conflicting with Libertarian principles of minimal government intervention and free market operations.
Risks and Concerns
- Increased government control over local taxation
- Reduced flexibility for school districts in managing finances
- Potential for public backlash against tax limitations