Loading chat...
AL SB353
Bill
Status
4/4/2017
Primary Sponsor
Vivian Figures
Click for details
AI Summary
SB353 Summary
-
Proposes a constitutional amendment to levy an additional 5 mill annual state ad valorem tax on taxable property, increasing the current 6.5 mill rate to 11.5 mill.
-
Tax becomes effective after December 31, 2017, and applies to all taxable property within the state subject to existing exemptions, valuations, and limitations.
-
Net proceeds from the additional tax are distributed to the State General Fund exclusively for Medicaid purposes.
-
Amendment requires approval by a majority of qualified electors voting at the next statewide general election in accordance with constitutional procedures.
-
Election officials must assign a ballot number and display a specific description of the amendment with yes/no voting options on the ballot.
Legislative Description
Medicaid, funding through General Fund, additional 5 mill statewide levy in ad valorem tax distributed for Medicaid purposes, const. amend.
Constitutional Amendments
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
4/4/2017