AL HB246

Authorizes the City of Leeds to increase its ad valorem tax rate from 9.2 mills to a maximum of 18.2 mills ($1.82 per $100 of assessed value) per Amendment No. 373 of the Alabama Constitution.

Of the 9-mill increase, 3.3 mills shall be allocated for general municipal purposes and 5.7 mills shall be paid to the Leeds City Board of Education for public school purposes.

The tax increase requires approval by a majority of qualified electors in the City of Leeds voting in a special election called for that purpose.

Becomes effective immediately upon passage and approval by the Governor or upon becoming law through other means.