OH SB308

Prohibits school districts from reallocating unvoted property tax millage in a manner that increases real property taxes, except for joint vocational school districts.

Requires school boards proposing to change levy purposes within the ten-mill limitation to hold a public hearing and publish notice in newspapers for two consecutive weeks before adoption.

Includes emergency levies and substitute levies in the calculation of a school district's effective millage floor for tax reduction purposes.

Modifies the definition of "taxes charged and payable" to include taxes under sections 5705.194 to 5705.197 and 5705.199 while excluding taxes under sections 5705.213, 5705.219, and 5748.09 of the Revised Code.

Applies to tax years beginning on or after the effective date of the legislation.