Ohio SB66 amends the calculation of a school district's effective millage floor to include emergency levies, substitute levies, all inside millage.

Ohio SB66 modifies the calculation of a school district's effective millage floor by including emergency levies, substitute levies, all inside millage, and school district income taxes. This bill amends section 319.301 of the Revised Code to ensure these tax types are factored into the millage floor calculation. The tax commissioner is tasked with determining the necessary reductions annually, ensuring that the effective tax rate does not fall below specified thresholds. This change applies to tax years beginning on or after the effective date of the bill.

Ohio SB66 amends the calculation of a school district's effective millage floor to include emergency levies, substitute levies, all inside millage.

Ohio SB66 modifies the calculation of a school district's effective millage floor by including emergency levies, substitute levies, all inside millage, and school district income taxes. This bill amends section 319.301 of the Revised Code to ensure these tax types are factored into the millage floor calculation. The tax commissioner is tasked with determining the necessary reductions annually, ensuring that the effective tax rate does not fall below specified thresholds. This change applies to tax years beginning on or after the effective date of the bill.