AL HB129

Authorizes the City Council of Madison (in Madison and Limestone Counties) to increase the city general ad valorem tax rate by an additional 12 mills ($1.20 per $100 of assessed value) exclusively for public educational purposes.

Tax increase is subject to approval by a majority of qualified city electors voting at a special election held pursuant to Constitutional Amendment No. 373.

The 12-mill increase is separate from and in addition to existing taxes, including a one-half mill library tax under Amendment No. 269 and 10.5 mills for schools in the Limestone County portion under Amendment No. 805.

Tax increase may become effective beginning with the levy for the tax year starting October 1, 2019, with taxes due and payable on October 1, 2020.

Act becomes effective immediately upon passage and gubernatorial approval.