AL SB85

Authorizes the City of Athens, Alabama to increase the maximum special ad valorem tax rate from $0.50 per $100 of assessed value (5 mils) to $1.20 per $100 of assessed value (12 mils).

Tax increase requires approval by a majority of qualified electors voting in a special election called for that purpose, per Section 217 of the Alabama Constitution.

City council must adopt a resolution and conduct a public hearing before proposing the tax increase to voters.

The increased tax authority applies to all taxable property situated within the City of Athens for special purposes authorized under Amendment 8 of the Alabama Constitution.

Becomes effective immediately upon passage and approval by the Governor.