AL SB400

Amends Section 40-7-42 of the Code of Alabama 1975 to establish a one-time tax levy requirement in February 2015 for general and special taxes, not to exceed one-half of one percent of assessed property value.

Makes tax levies effective in all subsequent tax years unless altered by county commission through compliance with a change in tax rate enacted by general law, with notice required by the last day of February prior to the effective date of any change.

Ratifies and confirms all general or special taxes levied by county commissions prior to the act's effective date, regardless of whether taxes were levied during the first county commission meeting held in February of any year.

Becomes effective immediately upon passage and approval by the Governor or upon becoming law otherwise.