HB375 Summary

• Authorizes Wilcox County's governing body to increase the general ad valorem tax rate from 14 mills ($1.40 per $100 assessed value) to a maximum of 34 mills ($3.40 per $100 assessed value) pursuant to Alabama Constitutional Amendment No. 373.

• Allocates net proceeds from the 20-mill increase as follows: 10 mills to county uses (1 mill for parks/recreation, 2 mills for roads/bridges, 2 mills for volunteer fire departments, 5 mills for general county funds) and 10 mills to the Wilcox County Board of Education for public school purposes.

• Tax increase requires approval by a majority of qualified county electors voting in a special election held for that purpose.

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