OH HB651

Amends Section 265.210 of H.B. 166 to require the Department of Education to make additional payments to school districts experiencing a decrease of more than 10% in utility tangible personal property taxable value.

For tax year 2019 valuations, the Tax Commissioner must certify eligible districts within ten days of the bill's effective date; the Department must pay the lesser of the aid difference or tax change amount within fourteen days.

For tax year 2020 valuations, the Tax Commissioner must certify eligible districts by May 15, 2021; the Department must make payments between June 1-30, 2021, using the same calculation method as for 2019.

Districts that experienced utility property value increases between tax years 2016-2017 and had funds deducted under former section 3317.028 shall have those amounts credited back within ten days of the bill's effective date.

Existing Section 265.210 of H.B. 166 is repealed and replaced by the amended version containing the new provisions.