✔️ HB422
Enact Taxpayers Freedom Trilogy–Act III: Triumph of the Taxpayer
Summary
This bill amends various sections of the Ohio Revised Code to increase the approval threshold required for the passage of certain property taxes. Specifically, it establishes that for voted taxes with rates of not more than one mill, a 50% approval is needed; for rates above one mill but not more than two mills, 60% is required; and for rates above two mills, a 66% approval is necessary. The bill also outlines procedures for submitting tax levies to voters and repeals existing sections related to these provisions.
Rationale
The bill aligns with Libertarian principles by promoting taxpayer control over taxation through increased voting thresholds, which supports individual rights and economic liberty. It reduces the potential for government overreach in tax matters, aligning with the LPO's stance against excessive taxation and government debt.
Risks and Concerns
- Potential for reduced funding for public services if tax levies are harder to pass.
- May lead to increased reliance on alternative funding sources for local governments.