SB177 Summary

• Authorizes the City of Mountain Brook, Alabama to increase the special ad valorem tax rate for public school purposes from $1.06 per $100 of assessed value (10.6 mills) to a maximum of $2.06 per $100 of assessed value (20.6 mills), representing a 10 mill increase.

• City Council may increase the tax rate following a public hearing and adoption of a resolution in accordance with Alabama Constitutional Amendment No. 373.

• Any tax rate increase is subject to approval by a majority of qualified electors in the city voting at a special election held for that purpose.

• The special tax was originally authorized by Constitutional Amendment No. 56 and an election held on May 20, 1947, and has previously been increased under Amendments No. 325 and No. 373.

• The act becomes effective immediately upon passage and approval by the Governor or otherwise becoming law.