HB10 Summary

• Authorizes Jefferson County Commission to increase the special district ad valorem school tax rate for the Trussville City Board of Education to a maximum of $1.39 per $100 of assessed value (13.9 mills) effective tax year 2021.

• The increase of $.88 per $100 of assessed value (8.8 mills) is offset by the expiration of an existing district tax of equal amount, resulting in no net increase to the total school tax rate.

• Current special school district tax is levied at $.51 per $100 of assessed value; current expiring school district tax is levied at $.88 per $100 of assessed value.

• Any adjustment in the tax rate requires approval by a majority of qualified electors in the special school tax district voting in a special election held pursuant to Amendment No. 373 of the Alabama Constitution.

• Act becomes effective immediately upon passage and approval by the Governor.