阴木牛年 (female Wood-Ox) 432 or 51 or −721 — to — 阳火虎年 (male Fire-Tiger) 433 or 52 or −720
Year 306 (CCCVI) was a common year starting on Tuesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Constantius and Valerius (or, less frequently, year 1059 Ab urbe condita). The denomination 306 for this year has been used since the early medieval period, when the Anno Dominicalendar era became the prevalent method in Europe for naming years.
Constantine institutes toleration of the Christians in his territories.
Constantine establishes his capital in Augusta Treverorum (Trier). He begins a major expansion of the city, strengthening the walls, expanding the palace complex and building the Imperial Baths.
Building on the efforts of Diocletian, Galerius introduces the poll tax to central and southern Italy and truncates the size of the Praetorian Guard, with plans to disband the Guard altogether.
The Synod of Elvira concludes with the issue of various canons, including one declaring that killing through a magic spell is a sin and the work of the devil.