AL SB227

Proposes a constitutional amendment to authorize an additional state ad valorem tax of up to 8.5 mills on taxable property value, in addition to the existing 6.5 mills levy.

Tax becomes effective for taxes due and payable on October 1, 2017 and each subsequent tax year.

Net proceeds from the additional tax must be deposited into the Public School Fund and appropriated by the Legislature for K-12 public schools in the state.

Prohibits replacement of the additional tax from income tax receipts for property tax relief under existing constitutional provisions and state law.

Amendment requires approval by a majority of qualified electors voting on the measure in a statewide election conducted under Alabama constitutional procedures and state election laws.